FULL DISCLOSURE: This is sponsored content for Verses AI.
Verses AI (CBOE: VERS) is set to transform the urban landscape of Abu Dhabi under a new partnership with Analog, a company focused on edge computing that is led by Alex Kipman and backed by G42.
The landscape is to be transformed through the use of smart city projects to improve infrastructure. Smart cities, a market which is estimated by Persistence Market Research to hit $3.28 trillion by 2026, focus on improving infrastructure in the areas of mobility, utilities, healthcare and safety as communities continue to urbanize.
“Abu Dhabi is highly invested in Smart City development, showcasing its commitment to energy and innovative urban solutions. Their real-world applications aim to set a benchmark worldwide,” commented Gabriel Rene, CEO of Verses.
READ: VERSES AI Sees Volvo Car Group Join Genius Beta Program
Verses and Analog collectively are set to focus on utilizing the Genius platform to improve areas such as smart mobility, energy and healthcare in collaboration with industry stakeholders in the UAE.
Projects under the initiative are set to be developed in 2024.
Verses AI Last traded at $2.15 on the CBOE.
FULL DISCLOSURE: VERSES Technologies is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Verses Technologies. The author has been compensated to cover VERSES Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
