Welcome to our dedicated page for VERSES AI news (Ticker: VRSSF), a resource for investors and traders seeking the latest updates and insights on VERSES AI stock.
VERSES AI Inc (VRSSF) drives innovation in cognitive computing through its Genius platform, enabling autonomous intelligent systems for smart cities, telecom, and enterprise solutions. This page aggregates official announcements, strategic developments, and operational updates critical for understanding the company's trajectory in artificial intelligence.
Access curated press releases covering product launches, research milestones, and partnership agreements. Investors will find earnings reports and management commentary, while industry observers gain insights into emerging applications of active inference technology across sectors like urban mobility and fraud prevention.
All content undergoes strict verification to ensure accuracy and relevance. New visitors can explore foundational updates about Genius platform capabilities, while returning users benefit from chronological organization of material. Key coverage areas:
Technology Innovations: Platform enhancements, research breakthroughs
Strategic Alliances: Edge computing collaborations, smart city projects
Operational Updates: Leadership changes, financial disclosures
Bookmark this page or check regularly for the latest verified information about VERSES AI's contributions to explainable AI and cognitive systems development.
VERSES AI (CBOE:VERS, OTCPK:VRSSD) has announced that its Class A Subordinate shares began trading on the OTCQB market under the new symbol 'VRSSD' on March 27th, 2025. This change is part of multiple initiatives the cognitive computing company is implementing as it prepares for a potential Nasdaq uplisting.
The company notes that the Nasdaq listing is subject to application approval and meeting specific pricing and financing conditions, with no guarantee of approval or timely satisfaction of listing requirements.
VERSES AI (OTCQB:VRSSF) has announced a significant share consolidation as part of its strategy to uplist to the Nasdaq Capital Market. The consolidation will be executed on a 9:1 basis, reducing the current 211,290,407 Subordinate Voting Shares to approximately 23,476,711 shares.
The consolidation, approved by the board on March 3, 2025, aims to increase the per-share price to meet Nasdaq's initial listing requirements. Trading on a post-consolidation basis on Cboe Canada is expected to begin around March 27, 2025, with new CUSIP number 92539Q406 and ISIN CA92539Q4060.
The company believes the Nasdaq uplisting will enhance visibility, provide access to larger capital pools, attract diverse global shareholders, and improve liquidity. Additionally, VERSES announced leadership changes, with James Christodoulou appointed as CFO and Kevin Wilson transitioning to Chief Accounting Officer while maintaining his Secretary position.
VERSES AI (OTCQB:VRSSF) has announced a commercial partnership with AI Driller, a leading AI solutions provider for the oil and gas industry. AI Driller has joined VERSES' Genius commercial program to enhance their drilling and completions solutions platform.
The partnership aims to integrate VERSES' Genius technology with AI Driller's existing solutions to improve drilling operations through enhanced predictive capabilities. AI Driller serves various clients including global oil and gas companies, independent operators, and drilling contractors.
The collaboration will proceed in phases, with phase 1 focusing on building and testing Genius Agents for high-value drilling use cases. Upon successful completion, both companies plan to establish a reseller agreement to provide Genius technology to AI Driller's global customer base.
VERSES AI (OTCQB:VRSSF) has showcased its smart building energy optimization technology at the invite-only Turing Grand Challenge at AI UK 2025. The exhibition, titled 'EcoNet: a Multi-Agent Active Inference System for Urban Energy Optimisation,' demonstrates how multiple AI agents can collaborate to optimize building energy management.
The system goes beyond traditional rule-based energy control by considering variables such as hyper-local weather, multiple energy sources (grid, solar, battery), carbon emissions, and room occupancy. According to the US Department of Energy, buildings account for 40% of global energy consumption, with approximately one-third wasted, resulting in $150 billion in annual losses.
The project, developed in collaboration with University College London (UCL), aims to address environmental and sustainability objectives by managing energy use effectively through autonomous multi-agent coordination. The technology is applicable across various scales, from studio apartments to skyscrapers and industrial buildings.
VERSES AI (OTCQB:VRSSF) has announced its participation in the upcoming 37th Annual ROTH Conference in Dana Point, CA, scheduled for March 16-18th, 2025. CEO Gabriel René will be featured on the panel 'AI - Life After Deepseek: AI CEO's Speak' on March 18th from 8:00am-8:55am PT, alongside CFO James Christodoulou.
The conference will showcase approximately 450 private and public companies through various formats including:
- One-on-one meetings
- Small group meetings
- Analyst-selected fireside chats
- Industry keynotes and panels
The event covers multiple growth sectors including Business Services, Consumer, Healthcare, Industrial Growth, Insurance, Resources, Sustainability, and Technology, Media & Entertainment. A live audio webcast and replay of the panel will be available through the conference website and VERSES.AI investor relations section.
VERSES AI (OTCQB:VRSSF) announces the conversion of convertible debentures held by G42, a UAE-based AI technology group, into company units. The conversion stems from G42's June 2024 US$10 million investment through its subsidiary EPTH, which was initially structured as unsecured convertible debenture units.
The conversion was executed at C$1.20 per Conversion Unit, with each unit comprising one Class A Subordinate Voting Share and half a share purchase warrant. The original debentures carried a 10% annual interest rate. The Conversion Warrants are exercisable for three years at C$1.96 per share.
VERSES AI (OTCQB:VRSSF) has appointed James Christodoulou as Chief Financial Officer, with former CFO Kevin Wilson transitioning to Executive Vice President - Finance and Accounting. Christodoulou brings extensive experience from various sectors including FINTECH, EV Mobility, and Logistics, with notable achievements in capital markets.
Christodoulou's recent positions include Head of Capital Markets at Exodus Movement, where he facilitated the company's billion-dollar NYSE uplisting, and Director of Finance at Collectable Technologies Inc. His track record includes successful capital raises of $280 million at Blink Charging Co. and leading multiple IPOs totaling over $547 million across various companies.
The appointment aligns with VERSES' transition into its commercial growth phase, leveraging Christodoulou's expertise in capital markets and scaling businesses. He holds a BA from Rutgers University, an MBA from Columbia Business School, and various FINRA certifications.
VERSES AI has announced the commercial launch of its Genius Agent Toolkit in April 2025, following a successful private beta phase. Genius is a suite of tools for designing autonomous intelligent agents that continuously reason, plan and learn.
The toolkit includes new features such as intelligent agents, a model editor, APIs, and a developer portal. VERSES plans to convert current beta users into paying customers and enable access to thousands of developer sign-ups. The company will offer Genius as a paid service with consumption-based and performance-based pricing as well as enterprise licenses.
According to the company, Genius-powered Agents consistently outperform general-purpose foundational models like OpenAI o1 and DeepSeek r1 on multi-step reasoning, providing greater accuracy and reliability than general-purpose LLMs. VERSES' go-to-market strategy will focus on strategic, enterprise, and channel partners and third-party integrations.
VERSES AI (CBOE:VERS) (OTCQB:VRSSF) has announced an upcoming webinar titled 'Intelligence in the Age of Agents' scheduled for Thursday, February 13th at 6:30pm CET/12:30pm ET/9:30am PT. The discussion will feature Karl Friston, VERSES Chief Scientist, alongside CEO Gabriel René, with moderation by neuroscientist Olivier Oullier.
The webinar will cover several key topics, including: the performance of their Genius™ system in beating Atari and Mastermind games, exploration of AGI and Active Inference concepts, comparative analysis of Genius™ versus LLMs like DeepSeek R1 and OpenAI o1, and Genius's role in the AI ecosystem.
VERSES AI Inc. (OTCQB:VRSSF) announced that its Genius™ product outperformed China's DeepSeek R1 model in the code-breaking game Mastermind. The test compared both models across 100 games, with Genius achieving superior results in multiple metrics:
- Accuracy: Genius achieved 100% success rate vs R1's 45%
- Speed: Genius solved games in 1.1-4.5 seconds vs R1's 934 seconds average
- Efficiency: Total compute time of 5 minutes vs R1's 26 hours
- Cost: $0.05 USD total cost vs R1's $38.94 USD
Overall, Genius performed 245 times faster and 779 times more cost-efficiently than DeepSeek's R1. The company emphasizes this demonstration showcases Genius' capabilities in multi-step reasoning and its potential to enhance LLM capabilities for real-world applications.
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