VERSES AI INC Stock Price, News & Analysis

VERSES Technologies Inc. has officially changed its name to Verses AI Inc. effective March 31, 2023, reflecting its focus on artificial intelligence. The company retains its trading symbol 'VERS' on the NEO Exchange. VERSES specializes in cognitive computing and its flagship product, GIA™, serves as an intelligent assistant. Powered by KOSMOS™, a network operating system, GIA™ enhances human and AI collaboration across various domains. This strategic rebranding aims to align the company more closely with its business objectives and market positioning.

VERSES Technologies Inc. (OTCQX: VRSSF) announced a strategic partnership with SimWell, a leader in digital simulations, to enhance business efficiency through advanced analytics and digital twin technologies. This collaboration aims to empower clients in various sectors such as retail, manufacturing, and logistics to leverage predictive modeling for data-driven decisions and cost optimization. SimWell becomes the first member of the VERSES developer network, focusing on building Intelligent Agents in the KOSMOS ecosystem. The partnership kicks off with a project for a global apparel brand, aiming to improve production processes and reduce operational costs.

VERSES Technologies Inc. (OTCQX:VRSSF) has announced the completion of the second tranche of its non-brokered private placement, raising an additional C$1,903,436. This brings the total raised in the private placement to C$6,904,845. The funds will be utilized for general working capital purposes. The company issued 664,860 detachable warrants, and finders were compensated with C$136,960 in fees and broker warrants. All securities are subject to a four-month hold period from the issuance date. The company continues to focus on its innovative AI solutions, leveraging cognitive computing.

VERSES Technologies Inc. (OTCQX:VRSSF) will officially rebrand to VERSES AI Inc. on March 31, 2023, pending NEO Exchange approval. This change aligns with the company’s focus on advanced AI systems. CEO Gabriel René emphasized that their aim is to lead in the Web 3.0 era, showcasing strong leadership with expertise from Fortune 500 and Global 1000 sectors. The company’s KOSMOS OS will launch in Q3, enhancing its market entry with innovative AI tools. Additionally, the first consumer AI agent, GIA, is expected later this year, building on research led by Chief Scientist Dr. Karl Friston, a prominent figure in neuroscience.

VERSES Technologies Inc. (OTCQX:VRSSF) announced a successful first tranche of its non-brokered private placement, raising gross proceeds of C$5,001,409. This tranche included the issuance of unsecured convertible debentures and 1,742,979 detachable warrants. The Company plans to increase the size of the Private Placement to a maximum of C$7,500,000, subject to NEO approval. Proceeds will be used for general working capital. Additionally, C$261,360 was paid in fees to finders along with 303,907 broker warrants. All securities issued are subject to a four-month hold period.

VERSES Technologies Inc. (OTCQX:VRSSF) announced a non-brokered private placement of unsecured convertible debenture units to raise up to C$5,000,000. Each unit comprises C$1,000 principal unsecured convertible debentures and 350 detachable warrants to purchase Class A Subordinate Voting shares. The debentures will mature in 12 months, accruing interest at 20% per annum, convertible into equity securities upon closing of an Equity Financing of at least C$10,000,000. Proceeds will be used for general working capital. The company is set to close the initial tranche on February 28, 2023, pending regulatory approval.

VERSES Technologies Inc. has unveiled GIA™, the first General Intelligent Agent, designed to enhance user interaction with technology through advanced AI capabilities. Expected to reduce information overload and increase productivity, GIA learns user preferences to manage personal and professional activities efficiently. It offers features like predictive reasoning, data automation, and personalized recommendations across various platforms. The company plans to launch GIA's international beta in summer 2023, marking a key development in cognitive computing aimed at fostering healthier human-tech relationships.

VERSES Technologies Inc. (OTCQX:VRSSF) announces a live webinar hosted by Market Radius Research on February 22, 2023, at 2:00 PM ET. The event will feature CEO Gabriel René discussing the company's development of KOSM™, the first network operating system for distributed intelligence. Attendees can ask questions in real-time, with an archived version available later. VERSES focuses on cognitive computing and AI, aimed at transforming data into universal contexts for better collaboration between humans and AI. This webinar represents an opportunity for investors to gain insights into the company's innovative projects.

VERSES Technologies Inc. has partnered with SVT Robotics to enhance warehouse and distribution operations using AI and robotics. The collaboration will integrate SVT's SOFTBOT® Platform with VERSES' network operating system, KOSM™, enabling faster AI-powered robot deployment. This partnership aims to boost productivity and operational efficiency by creating a digital twin of facilities for real-time intelligence. Customers using this integrated system will have access to SVT’s AppLab and AppMonitor features for improved operational workflows.