FULL DISCLOSURE: This is sponsored content for Verses AI.
Verses AI (CBOE: VERS) this morning provided an update to shareholders on the current developments of the company, outlining recent progress made by the firm as it works towards commercialization of its products.
Verses’ flagship product platform Genius, which has been developed as a means for developers to develop and deploy intelligence agents, has seen over 3,700 sign ups for the limited private preview of the public beta program.
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The Genius Private Beta program, launched in October of last year, meanwhile provides early access to partners across several industries to demonstrate the capabilities of the platform. To date, six beta engagements have been announced with partners that include Volvo Cars, NASA’s Jet Propulsion Laboratory, Cortical Labs, Simwell, Nalantis, and SimWell.
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In terms of commercial agreements, Verses’ recently partnered with Analog to work on smart city projects in Abu Dhabi, while late last year it entered into an arrangement with a national US pharmacy retailer, where it will be enhancing the efficiency of existing and newly designed distribution centres.
These developments come on the back of continued research and development, with the company in February releasing a roadmap for which its progress on the development of biologically inspired distributed intelligence can be measured against conventional deep learning. To date, Verse is said to have 11 patent applications currently pending, of which ten are provisional that have been filed within the US, while the final one is an international application that is in the National Phase.
Verses is also said to hold a number of trademarks, including eight in the US and a further six in the European Union. A further nine are pending across the US, Europe, and Australia.
Verses AI last traded at $1.10 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.
