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 […]
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 […]
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 […]
VERSES Closes Second Tranche of LIFE Offering Bringing
VERSES AI Inc. announced the closing of its second tranche of the LIFE Offering, raising $512,800, following the first tranche of $2,903,850. The offering consists of LIFE Units priced at $0.50 each, comprising one Class A Subordinate Voting share and half a share purchase warrant. The proceeds will fund general operations and research, including the […]
VERSES AI Inc. Announces Closing of First Tranche of LIFE
VERSES AI Inc. has successfully closed the first tranche of a non-brokered private placement, issuing 5,807,700 LIFE Units at $0.50 each, generating gross proceeds of $2,903,850. Each LIFE Unit consists of one Class A share and a half warrant, allowing purchase of a share at $0.70 for three years. The offering is exempt from prospectus […]