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.
On May 21, 2024, VERSES AI announced the public beta preview of its new platform, Genius™, a next-generation intelligent software system.
A webinar scheduled for June 20 will feature CEO Gabriel René, Chief Product Officer Hari Thiruvengada, and President James Hendrickson, who will demonstrate Genius and discuss future rollout plans.
The company aims to empower developers to create advanced AI systems, citing collaborations with major players like JPL and Volvo. The beta program will start on June 20, with developers encouraged to provide feedback.
Registration for the webinar and beta access is open.
On May 17, 2024, VERSES AI announced the closing of the final tranche of its non-brokered private placement, raising C$10 million through the sale of 10 million special warrants at C$1.00 each. The proceeds will be used for corporate and working capital purposes, development of Genius™, and repayment of outstanding loans. Each special warrant converts into one unit, comprising one Class A Subordinate Voting share and one-half of a share purchase warrant, exercisable at C$1.50 for two years. Fees paid to finders included C$317,286 and 316,536 finder warrants. The securities are subject to a four-month hold period and are not registered under U.S. securities laws.
VERSES AI Inc. promotes Hari Thiruvengada PhD to Chief Product Officer as they shift focus from a technology startup to a product-driven scaleup. Dr. Thiruvengada, with extensive experience in product management, will lead the launch of Genius™, VERSES' Intelligence as a Service platform. The Company aims to mature research into commercial software under his leadership.
VERSES AI Inc. has closed the second tranche of its private placement, raising $9.3M through the sale of special warrants. Each special warrant converts into a unit, consisting of shares and warrants. The net proceeds will be used for corporate purposes, product development, and loan repayment. The company also paid fees to finders and insiders participated in the placement. The securities were offered in both USD and CAD denominations.
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