VERSES Provides Q4 Corporate Update
VERSES AI Inc. is progressing towards the commercial launch of its innovative Genius product, which combines active inference and learning to enhance real-time decision-making in enterprises. The company has achieved notable results in the Atari 10k Challenge, outperforming traditional models with significantly reduced data and computation requirements. A smart city project in Abu Dhabi is […]
VERSES Renews Agreement with Chief Scientist Karl Friston
VERSES AI Inc. has extended its exclusive contract with renowned neuroscientist Professor Karl Friston as Chief Scientist, enhancing his role with performance-based incentives tied to recent research breakthroughs. CEO Gabriel René highlighted Friston’s contributions to the company’s flagship product, Genius™, which models complex systems and embodies principles from science and nature. Friston expressed his dedication […]
VERSES Genius™ Outperforms OpenAI Model in Code-Breaking
VERSES AI Inc. announced that its product Genius significantly outperformed OpenAI’s o1-preview model in the code-breaking game Mastermind. Genius solved the game efficiently, achieving a 100% success rate, completing tasks 140 times faster, and at over 5,000 times lower cost. The comparison involved 100 games where Genius completed its tasks in just over 5 minutes, […]
VERSES Releases Latest Version of Genius™
VERSES AI Inc. has released a software update for its flagship product, Genius™, enhancing its reasoning and planning capabilities. This update, available to beta program participants, aims to assist machine learning practitioners with improved user experience, including a new model building interface and simplified tutorials. CEO Gabriel René highlighted Genius as a groundbreaking tool that […]
VERSES Closes Third Tranche of LIFE Offering
VERSES AI Inc. has successfully closed its third tranche of a non-brokered private placement, raising $770,000 from a single investor. The LIFE Offering, comprising three tranches, has generated total gross proceeds of approximately $4.4 million. Each LIFE Unit issued includes one Class A Subordinate Voting share and half a share purchase warrant, with the warrant […]
Fifth Third’s CIO focuses on buying rather than building tech to stay competitive against banking giants
Why Fifth Third’s CIO mostly buys rather than builds tech in the race to compete against banking giants Fifth Third Bancorp ranks No. 17 among the top 20 U.S. banks, with operations stretching from the upper Midwest to the lower Southeast. But even with that reach, the company must carefully consider its technology spending to […]
Whistleblower at Super Micro stands firm on allegations of being terminated for raising concerns about accounting practices at the tech giant valued at $20 billion
Super Micro whistleblower doubles down on claim he was fired for complaining about accounting practices at the $20 billion tech giant A former Super Micro Computer strategy director is pressing ahead with allegations the hardware manufacturer retaliated and ultimately fired him for reporting what he believed to be accounting improprieties and Securities and Exchange Commission […]
Getty Images CEO: Upholding fair use regulations will not hinder AI in finding a cure for cancer
Getty Images CEO: Respecting fair use rules won’t prevent AI from curing cancer There is a lot of debate on whether freely training artificial intelligence (AI) models on copyrighted materials is permissible under the law. This debate escalates to court cases filed across varied jurisdictions and companies challenging companies that train their generative AI models […]
VERSES to Provide End of Year Update Including Milestone
VERSES AI Inc., a cognitive computing company, highlighted significant progress in research and development for 2024. CEO Gabriel René announced upcoming achievements, including benchmark results from the Atari 10K challenge and updates on their Genius software suite, designed for machine learning practitioners. Notably, they plan to showcase user feedback improvements for Genius and seek commercial […]
Future of Budget Flights According to Booking Holdings CEO
Booking Holdings CEO on the future of cheap flights Despite a difference of opinion with his Gen Z son, Glenn Fogel insists on leaving hours early for the airport. That way he will never miss a flight. It’s one of many mantras that the Booking Holdings CEO adheres to. Fogel presides over all of the […]