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Post by captsmith77 on Jul 10, 2023 16:20:11 GMT
This company looks promising, so I bought a bunch of shares, hoping to eventually trade out a portion of the shares and ride free ones. Bill Gates has spoken about how the next big thing is the personal AI assistant, and that's one of the offerings that this startup is working on, and is scheduled to release in Q3 of this year. One of the world's leading scientists, Karl Friston, joined the company as its CSO back in December. They also just hired a Director of Engineering only a month ago that has plenty of experience.
The ticker symbol is VRSSF, and they have a MC of around 100M with a relatively low float. Just passing this along for anyone interested in a pure AI play.
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Post by captsmith77 on Jul 11, 2023 0:09:08 GMT
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Post by captsmith77 on Jul 12, 2023 12:21:33 GMT
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Post by selluwud on Jul 12, 2023 13:30:20 GMT
I've put them on my watch list. I need to study their financial positions and need for money?
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Post by captsmith77 on Jul 12, 2023 13:40:31 GMT
They just raised money, and should be good for a year.
I believe this company could easily become bigger than NVIDIA, and eventually see a valuation of several trillion.
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Post by captsmith77 on Jul 12, 2023 13:49:15 GMT
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Post by captsmith77 on Jul 12, 2023 21:27:09 GMT
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Post by captsmith77 on Jul 13, 2023 0:48:51 GMT
I tried asking a question on the yahoo chat about dozens of jobs I found posted by the company for software QA Leads a few days ago in Pennsylvania, and didn't get any feedback on it; just a pair of down votes. I tried to correlate how all of these towns could be connected, and the only thing I can come up with is that its likely distributors like Walmart, a grocery chain like Giant, or something else. Supposedly Penn state is known for its warehouses and distribution centers, and that lines up with what Verses AI is already offering companies if that's the case. Shippensburg (pop 5K) just opened a huge facility last year, and that was just one of the names on the list.
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Post by captsmith77 on Jul 13, 2023 7:47:14 GMT
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Post by captsmith77 on Jul 15, 2023 3:35:56 GMT
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Post by captsmith77 on Jul 19, 2023 3:04:19 GMT
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Post by captsmith77 on Jul 19, 2023 9:57:27 GMT
The 13:23 point is a big WOW.
Apparently the CSO of Verses AI, the good Dr Karl Friston, figured out the E=Mc2 equivalent for AI, and this code was embedded in the KOSM platform.
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Post by lcd on Jul 19, 2023 21:51:29 GMT
Thanks for sharing Captain. He is right that if the average investor wants to get into AI, there are not many direct opportunities so this is very interesting. I also like the CEO's understanding of the spatial web and how AI can be used to solve complex spatial queries.
Their investor presentation is pretty light on the financials. It references the $26million/10 year contract with a supply chain company, but it is unclear if that is their only customer.
My company just had a brown bag lunch talk on Generative AI and implications for our work environment. It was an interesting discussion with very different opinions. We all agreed that the average user of ChatGPT, Bard, or whatever else is out there is far too confident in the correctness of the AI, but that doesn't really impact whether or not this company or any Generative AI company is worth my investment.
I think it is a good move to at least put some money into AI right now, so today I took a small position.
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Post by captsmith77 on Jul 19, 2023 23:40:02 GMT
I believe that the 26M/10yrs deal is the Blue Yonder contract, servicing their 3000+ clients. Getting their foot in the door with them was a big deal, and a huge step towards validation of their products on a massive scale.
GIA is expected to be announced near the end of the summer, and both the CEO and President have alluded to the fact that Chat GPT saw insane demand, as users went from a few thousand testers to well over a hundred million within a couple of months. As they say, Chat GPT is based on older tech, and is limited in what it can do as it tries to get data out of the 5% that is available on the web, whereas it cannot access the 95% that's under lock and key. They describe it as a black box, and Verses AI has the answer as it does not use generative AI but as they have developed general ai that isn't limited in any scope and will actually learn as it goes and communicates with other personal assistants. They've also helped create the new web, which will change how most interact with the web as it will be AI controlled. Current web tech is 30+ years old and entering the end of its life cycle. I don't know if GIA will garner as much attention as ChatGPT did when it rolls out, but I am hopeful that it will be a huge success, and that the company properly prepares for the rollout. When you listen to both the CEO and President speak about it, there's a certain confidence that investors can lean on, IMO.
Also there has been discussion in these parts about drones, and Verses AI is already in the door on that front as well. In fact they beat out 80+ other companies in a bid to work with a large European project. For me it isn't about instant $$$ in contracts, but developing products and getting both feet in the door of as many large companies as possible so that the KOSM AI platform can eventually be embedded in everything.
Anyways, welcome aboard!
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Post by captsmith77 on Jul 20, 2023 15:57:36 GMT
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Post by captsmith77 on Jul 22, 2023 4:36:36 GMT
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Post by captsmith77 on Jul 24, 2023 11:11:21 GMT
I was wrong; the 26M/10yr contract is with NRI. Blue Yonder is a reseller.
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Post by captsmith77 on Jul 24, 2023 16:54:26 GMT
Some quick DD for those interested. Verses AI has a lot of irons in the fire. GIA app- Verses AI’s flagship product, GIA, will be based on the KOSMOS AI network, and able to assist users in finding answers and solutions. GIA will be able to communicate safely with other GIAs around the globe, improving and learning on the go, and the user will be able to customize the interface of GIA to their preferences. One of the world’s leading neuro scientists, Karl Friston, now works at Verses AI as the company’s CSO, and discovered the AI equivalent to physics E=mc2 that is embedded into GIA and every other assistant that is a part of the KOSM network that developers will soon have access to. The company is already allowing for signups to become Early Access Users for GIA, and is expected to announce Beta testing on an international level at the end of Q3 this year. It took ChatGTP two months to reach more than 100 million users, as demand for AI based assistance has soared. How many users will demand GIA? They plan to offer a freemium tier, as well as a $20 subscription model with marketplace acess. www.verses.ai/giaKOSM Marketplace- Verses AI’s platform for developers is expected to be announced for BETA testing of the toolkit in Q4 of this year, allowing developers to begin creating their own AI based assistants that can smartly communicate with each other throughout the KOSM network. The company is allowing for signups for BETA testing on their website. www.verses.ai/kosmEU Commission’s dAIEDGE project. The Kosmos AI platform will be embedded to assist European cities in utilizing AI for networking, such as ground and air applications, including drone BVLOS operations. Verses will also demonstrate Kosmos AI for smart city and smart warehouse domains. This will incorporate use of the spacial web protocols. aiatedge.eu/Blue Yonder Partnership- Partnered with the largest supply chain company in the world, they will soon offer their more than 3,000 customers AI based solutions provided by Verses AI, utilizing their KOSMOS AI network, GIA assistants, and WAYFINDER app. The Wayfinder app is already available for AI assisted order picking, is hardware agnostic, and can be deployed after minimal integration time. success.blueyonder.com/s/partner-solution/aPC4z0000008OJXGA2/verses-kosm?language=en_USwww.verses.ai/wayfinderDatalens- This Analysis Agent app is the equivalent to an advanced version of ChatGTP but for an enterprise model, and is being pilot tested by a large Blue Yonder client that has 400 facilities and 5B in revenues. Wayfinder app- The wayfinder app is already available to customers around the globe, and provides an increase in productivity to its clients for warehousing and storage applications with intelligent routing with its dynamic route sequencing. NRI signed on as a customer for a 26.5M/10yr contract, and Verses is partnered with Blue Yonder, which will be a reseller of its product apps to all of its 3,000+ clients. www.verses.ai/wayfinderGuardian App- This Regulatory Agent is being Pilot tested by the Flying Forward 2020 Urban Air Mobility (UAM) initiative, where Verses AI is one of thirteen consortium partners, and managed to beat out eighty other companies in securing its role. www.ff2020.eu/demonstrators/zaragoza-city-council/www.youtube.com/watch?v=SfJaF3SQk4Ywww.ff2020.eu/news-items/zaragoza-city-council-employs-drones-to-search-for-the-missing-for-flying-forward-2020/Simwell Partnership- Using Simwell’s expertise on digital twinning and Verses AI’s Kosmos AI platform and GIAs, they will assist end clients with their supply chain management. Simwell is the first to join Verses AI’s developer network, utilizing the KOSMOS AI platform. The collaboration starts out with a project for a major apparel brand looking to enhance production processes and minimize operational costs, and is expected to lead to additional projects in various industry sectors. www.simwell.io/SVT Robotics Partnership- The partnership between Verses AI and SVT Robotics is expected to accelerate deployments of AI powered robots into warehouses and distribution centers utilizing SVT’s Softbot platform and Verses AI’s KOSMOS. SVT’s Softbot platform was integrated into Blue Yonder’s WMS in 2021, meaning both companies will benefit soon from Blue Yonder’s more than 3,000 clients. www.svtrobotics.com/softbot-platform/www.svtrobotics.com/press-releases/svt-robotics-softbot-platform-accelerates-integration-with-blue-yonder-wms/success.blueyonder.com/s/partner-solution/aPC4z000000006ZGAQ/softbot-integration-platform?language=en_USVerses AI's most recent IR presentation in PDF format... 21624003.fs1.hubspotusercontent-na1.net/hubfs/21624003/Investor%20Material/2023-05-01%20VERSES%20Overview%20Deck.pdfVideos worth watching… Gabriel Rene, CEO and Founder speaks www.youtube.com/watch?v=WJ8FVx-H9LU&t=1075sDan Mapes, Founder and President speaks www.youtube.com/watch?v=St4mq-E__k4&t=2987s
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Post by captsmith77 on Aug 2, 2023 12:14:57 GMT
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Post by captsmith77 on Aug 3, 2023 13:37:40 GMT
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