VERSES AI Sees Volvo Car Group Join Genius Beta Program

FULL DISCLOSURE: This is sponsored content for Verses AI.

Major names are becoming interested in Verses AI’s (NEO: VERS) technology. The company this morning announced another partner for its Genius platform’s beta program, with Volvo Car Group being the latest to join, which follows NASA’s Jet Propulsion Lab joining the program in November.

The addition of Volvo will see the automaker test the application of Verses’ Genius platform for the use of advanced driver assistance and autonomous driving. The company has previously been involved in developing spatial intelligence solutions in an effort to create safer roads and intelligent and secure mobility.

READ: Verses Adds NASA’s Jet Propulsion Lab As Beta Partner For Genius

“We are extremely pleased to have Volvo join our Genius Beta Program. We believe expanding our relationship to address the challenges related to assisted and autonomous driving safety will have the potential to demonstrate how the standards-based approach and cognitive computing capabilities built into Genius emphasize its relevance to worldwide companies like Volvo and society’s need for safer solutions,” commented Gabriel Rene, CEO and founder of Verses.

Volvo’s commitment to artificial intelligence can be seen through its Tech Fund, which last year made a strategic investment into PowerShare, a China-based AI and cloud-based energy management startup. The fund, established in 2018, is focused on investing in artificial intelligence, autonomous driving, sustainability and electrification within the auto industry.

READ: Verses Pens Open Letter To OpenAI For AI Collaboration

Volvo meanwhile in October opened a new software testing centre in Sweden, which aims to advance autonomous driving and driver assistance algorithms amongst other items.

“Creating a safer world reflects the shared objectives of both companies. We very much appreciate that this is a core attribute of Volvo’s business model, reputation and culture that we also embrace,” concluded Rene.

Verses AI last traded at $1.83 on the Neo.


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.

Leave a Reply

Share
Tweet
Share