VERSES® Appoints Public Market Veteran James Christodoulou
VERSES AI Inc. announced James Christodoulou as its new Chief Financial Officer. He brings extensive C-level experience from various sectors, including FINTECH and renewables. Former CFO Kevin Wilson will transition to Executive Vice President – Finance and Accounting. Christodoulou previously held leadership roles at major companies, including a critical position at Exodus Movement, where he […]
VERSES® Announces Launch of Commercial Genius™ Agent
VERSES AI Inc. is set to launch the commercial version of its advanced software suite, Genius, in April 2025. Genius assists in creating autonomous intelligent agents capable of reasoning, planning, and learning. After a successful private beta phase demonstrating its applications in various sectors—such as autonomous vehicles and financial modeling—the company is ready to transition […]
VERSES® Announces Fireside Chat with Chief Scientist
VERSES AI Inc., a cognitive computing company, will host a webinar titled “Intelligence in the Age of Agents” on February 13, 2025. The discussion will feature Chief Scientist Karl Friston and CEO Gabriel René, moderated by neuroscientist Olivier Oullier. Topics will include the capabilities of Genius™, a system outperforming traditional AI, the exploration of Artificial […]
VERSES® Genius™ Outperforms DeepSeek R1 Model in
VERSES AI Inc. announced that its product, Genius, outperformed China’s DeepSeek R1 model in the Mastermind code-breaking game challenge. Genius achieved a 100% success rate, solving the game significantly faster (245 times quicker) and cheaper (779 times less expensive) than DeepSeek. The test highlighted Genius’s advanced capabilities in multi-step reasoning and dynamic adaptation, with a […]
VERSES® Partners with Leading Global Investment Firm for
VERSES AI Inc. announced that a prominent global investment firm has joined its Genius beta program to mitigate market risks and enhance returns during volatile periods. The program aims to utilize Genius’s predictive capabilities for macroeconomic analysis, identifying market regime shifts to allow firms to minimize losses and seize opportunities. Michael Wadden, VERSES’ Chief Commercial […]
VERSES® Partners with Top Australian Telecom for Genius™
VERSES AI Inc. has partnered with a leading Australian telecommunications company in its Genius beta program to tackle global issues of telecom fraud, which cost $38.95 billion in 2023. The collaboration aims to address the prevalent issue of fraudulent access despite advances in multi-factor authentication. Michael Wadden, VERSES Chief Commercial Officer, highlighted Genius’s ability to […]
VERSES Genius™ Agent Outperforms Leading AI Algorithms at
VERSES AI Inc. has announced preliminary results of its “Atari 100K Challenge” variant, demonstrating that its GeniusTM toolkit enables software agents to learn gameplay using 90% less data than traditional Deep Reinforcement Learning (DRL) and Transformer algorithms. This approach improves efficiency in complex dynamic systems, predicting outcomes and optimizing actions in various Atari games. The […]
VERSES to Release Atari Benchmark Results at World Economic
VERSES AI Inc. will attend the World Economic Forum Annual Meeting 2025 in Davos, Switzerland, from January 20-24. Chief Scientist Karl Friston and the leadership team will discuss updates on the Atari 10K Challenge, revealing that their Active Inference models can rival top reinforcement learning models while using 90% less data. The update will include […]
Verses AI Inc. Announces Closing of $20,000,000 Prospectus
Verses AI Inc. has successfully closed a “reasonable best efforts” offering, issuing 12,738,853 units at C$1.57 each, raising approximately C$20 million. Each unit includes one Class A Subordinate Voting Share and half a share purchase warrant, which allows the purchase of one share at C$1.96 until January 9, 2028. The offering, managed by A.G.P. Canada, […]
VERSES AI Announces Pricing Of Unit Offering
VERSES AI Inc. has entered into agreements with institutional and existing investors to sell 12,738,854 units for approximately CDN$20 million. Each unit comprises one Class A Subordinate Voting share priced at CDN$1.57 and one-half a share purchase warrant, exercisable at CDN$1.96 for three years. The offering is expected to close around January 9, 2024, pending […]