Artificial intelligence has been transformational for just about every industry. It’s also been incredibly beneficial for stocks such as VERSES AI (CBOE: VERS) (OTCQX: VRSSF), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), C3.AI (NYSE:AI) and Advanced Micro Devices (NASDAQ: AMD). Even better, the story is far from over.
Analysts at McKinsey say the AI market opportunity to swell to $17 trillion to $25 trillion by 2030. And, according to Grand View Research, the global AI market could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030.
Companies, like VERSES AI, for example, are taking a different approach in its quest to build a truly transformational Artificial General Intelligence (AGI) model. Rather than take the “scale up” approach, VERSES AI is modeling technology after nature’s blueprint. In contrast to the “artificial” approaches to intelligence, VERSES AI’s technology is rooted in what is known as Natural Computing.
Natural Computing explores the computational mechanisms found in nature to design new algorithms, models, and architectures. Unlike traditional computer programs that follow rigid rules, or current AI systems that lack memory and accuracy. VERSES AI’s Genius combines the power of natural algorithms, knowledge modeling and data transformation to create a more flexible and intelligent system.
Look at VERSES AI (CBOE: VERS) (OTCQX: VRSSF), For Example
VERSES AI Inc., a cognitive computing company specializing in next generation intelligent systems, today announced a strategic partnership with goProdigii, LLC as a member of VERSES Genius™ beta program. Prodigii aims to leverage Genius’ advanced predictive and inferencing capabilities to develop intelligent solutions with an emphasis on sustainability planning and compliance with Fortune 1000 clients.
Prodigii helps companies meet Environmental, Social, and Governance (ESG) accounting standards, which includes reporting on environmental impact, fair labor practices, and ethical governance to help clients turn sustainability into a competitive edge, enhancing both brand reputation and operational efficiency. These ESG requirements can be cumbersome for Fortune 1000 companies and can directly affect their bottom line.
In order to effectively manage ESG accounting and reporting requirements, firms need to combine data from a variety of different sources to create clear, actionable insights and reports. Collecting and normalizing data across organizations is notoriously challenging and Genius provides tools to potentially streamline and automate this modeling process. Further, current solutions are typically a bespoke patchwork of various software, making them fragile and inflexible, whereas Genius is designed to be composable and reusable. Genius is also designed from the ground up to learn continually, in contrast to mainstream approaches that are pre-trained, static and known for generating unreliable results.
”A business consulting and analytics firm like Prodigii is a great example of who Genius was designed to benefit,” said James Hendrickson, COO of VERSES. “Genius will enable Prodigii to deliver more robust, resilient and scalable solutions by embedding adaptive intelligence into their platform.“
Andrew Tasker, co-founder and CEO of Prodigii, notes, “A recent McKinsey study* concluded that a strong sustainability commitment adds additional shareholder value for companies that also exceed their peers in growth and profitability. Sustainability is as complex as it is important, and we believe Genius can allow us to expand our capabilities and deepen our impact.”
*The McKinsey and Company August 2023 study titled “The Triple Play: Growth, Profit and Sustainability” can be found here: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/the-triple-play-growth-profit-and-sustainability
Other related developments from around the markets include:
Nvidia announced it is teaming with U.S. technology leaders to help organizations create custom AI applications and transform the world’s industries using the latest NVIDIA NIM™ Agent Blueprints and NVIDIA NeMo™ and NVIDIA NIM microservices. Across industries, organizations like AT&T, Lowe’s and the University of Florida are using the microservices to create their own data-driven AI flywheels to power custom generative AI applications.
U.S. technology consulting leaders Accenture, Deloitte, Quantiphi and SoftServe are adopting NVIDIA NIM Agent Blueprints and NVIDIA NeMo and NIM microservices to help clients in healthcare, manufacturing, telecommunications, financial services and retail create custom generative AI agents and copilots.
Microsoft announced that its board of directors declared a quarterly dividend of $0.83 per share, reflecting an 8 cent or 10% increase over the previous quarter’s dividend. The dividend is payable Dec. 12, 2024, to shareholders of record on Nov. 21, 2024. The ex-dividend date will be Nov. 21, 2024. The board of directors also approved a new share repurchase program authorizing up to $60 billion in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time. In addition, the company announced the date for the 2024 Annual Shareholders Meeting, to be held Dec. 10, 2024. Shareholders at the close of business on Sept. 30, 2024, the record date, will be entitled to vote their shares.
C3.AI, the Enterprise AI application software company, announced that it has been recognized as a Leader by Forrester Research in its recent report, The Forrester Wave™: AI/ML Platforms, Q3 2024. “C3 AI offers an AI future to enterprises,” the report states. “C3 AI thinks big because it’s led by big thinkers. The company’s vision illuminates the future of business in the age of AI and also clearly articulates the steps that enterprises can take now to successfully become an AI beacon in their industry.”
Advanced Micro Devices announced revenue for the third quarter of 2024 of $6.8 billion, gross margin of 50%, operating income of $724 million, net income of $771 million and diluted earnings per share of $0.47. On a non-GAAP basis, gross margin was 54%, operating income was $1.7 billion, net income was $1.5 billion and diluted earnings per share was $0.92. “We delivered strong third quarter financial results with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for our Ryzen PC processors,” said AMD Chair and CEO Dr. Lisa Su. “Looking forward, we see significant growth opportunities across our data center, client and embedded businesses driven by the insatiable demand for more compute.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for VERSES AI Inc. by VERSES AI Inc. We own ZERO shares of VERSES AI Inc. Please click here for disclaimer.
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