At the moment, companies, like VERSES AI Inc. (NEO: VERS) (OTCQB: VRSSF) are racing toward Artificial General Intelligence (AGI), where AI can perform all human cognitive skills better than the smartest human, as noted by Forbes. In fact, as also noted by TechTarget.com, “AGI should theoretically be able to perform any task that a human can and exhibit a range of intelligence in different areas without human intervention. Its performance should be as good as or better than humans at solving problems in most areas.” Not only is that a key driver for companies like VERSES AI Inc., but also for Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), and Advanced Micro Devices (NASDAQ: AMD). Even better, the global AGI market, currently valued at $1.53 billion could be worth $28.51 billion by 2033.
Look at VERSES Technologies Inc. (CBOE: VERS) (OTCQB: VRSSF), For Example
VERSES AI Inc., a cognitive computing company specializing in the next generation of intelligent software systems, has penned an open letter and invitation to OpenAI to collaborate on the pursuit of artificial general intelligence (AGI).
The open letter, published today in The New York Times, outlines how VERSES is pursuing an alternative approach to AGI using Active Inference, a method pioneered by VERSES' Chief Scientist, Karl Friston. Active Inference comprises a set of techniques and tools enabling the design and deployment of intelligent agents capable of automatically and efficiently seeking out and learning from relevant data, resulting in an auditable and human-explainable decision-making and action-selection process.
VERSES' latest research results indicate that its Active Inference agents may soon be able to match and surpass the performance of leading AI state-of-the-art approaches based on deep learning while using orders of magnitude less data and fewer computations. The Company expects to share more details and validation tests with partners and the broader community in the coming months. The breakthrough is also anticipated to be integrated into the Genius platform, aiming to empower developers to create agents capable of learning from any dataset, reasoning, planning and adapting. These agents are optimized for energy and computational efficiency, specifically tailored for intelligent computing on the edge rather than solely in the cloud.
VERSES’ invitation to collaborate with the non-profit organization OpenAI stems from OpenAI’s charter, issued in its pursuit of non-competitive AGI development, which states, “If a value-aligned, safety-conscious project comes close to building AGI before we do, we commit to stop competing with and start assisting this project.” Through the open letter, VERSES invites OpenAI to explore this new path of collaboration, employing its biologically inspired approach. The goal is to ensure that AGI and subsequent superintelligent systems, as emphasized by the G7 and the US Government, can be developed based on established standards. This approach aims to guarantee that safer and more transparent methods underpin the industry's ambitions and meet society's needs.
The Company wishes to explore the potential of Active Inference and its applicability in science and industry, given the significant strides made by prominent large language models such as GPT, LLaMa, BARD and Claude using deep learning methods. However, they encounter challenges in demonstrating generalizability, explainability and alignment—factors the company considers vital to AGI. The company believes that these aspects can be better achieved through its approach. VERSES' preliminary research results further indicate that its Active Inference-based approach can enable the efficient, explainable and sustainable generation and deployment of intelligent agents at scale.
“The VERSES AI Research Lab has spent years fine-tuning the intricacies surrounding Active Inference,” said Dr. Friston. “By incorporating the Free Energy Principle, a physics-based approach to AI, we are granted the possibility of modeling any physical system as an Active Inference agent that reasons, learns, plans and predicts in real-time.”
Following the Free Energy Principle — which reconciles our brains' predictions about the world with reality to reduce the differences between the two — Active Inference codifies mathematical principles that explicitly link intelligence, cognition and rational behavior to physical processes at any scale, from macroscopic to microscopic. With this framework, VERSES aims to solve probabilistic AI’s tractability problem, allowing users to design and deploy adaptive, real-time, scalable AI.
“We believe that nature's blueprint for intelligence offers the best foundation to scale systems to AGI and beyond,” said Gabriel René, VERSES founder and CEO. “A foundation that can enable smarter, safer and more sustainable, standards-based approaches to general and super intelligent systems. Building on this foundation, our latest research has revealed a promising new path toward this goal.”
To read the full letter, please visit https://www.verses.ai/open-letter
Other related developments from around the markets include:
Nvidia reported revenue for the third quarter ended October 29, 2023, of $18.12 billion, up 206% from a year ago and up 34% from the previous quarter. GAAP earnings per diluted share for the quarter were $3.71, up more than 12x from a year ago and up 50% from the previous quarter. Non-GAAP earnings per diluted share were $4.02, up nearly 6x from a year ago and up 49% from the previous quarter. “Our strong growth reflects the broad industry platform transition from general-purpose to accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA.
Microsoft and Siemens are deepening their partnership by bringing the benefits of generative AI to industries worldwide. As a first step, the companies are introducing Siemens Industrial Copilot, an AI-powered jointly developed assistant aimed at improving human-machine collaboration in manufacturing. In addition, the launch of the integration between Siemens Teamcenter software for product lifecycle management and Microsoft Teams will further pave the way to enabling the industrial metaverse. It will simplify virtual collaboration of design engineers, frontline workers, and other teams across business functions.
Meta Platforms’ CEO Mark Zuckerberg recently said, “We had a good quarter for our community and business. I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio.” Facebook daily active users (DAUs) – DAUs were 2.09 billion on average for September 2023, an increase of 5% year-over-year. Facebook monthly active users (MAUs) – MAUs were 3.05 billion as of September 30, 2023, an increase of 3% year-over-year. Ad impressions and price per ad – In the third quarter of 2023, ad impressions delivered across our Family of Apps increased by 31% year-over-year and the average price per ad decreased by 6% year-over-year. Revenue – Revenue was $34.15 billion, an increase of 23% year-over-year, and an increase of 21% year-over-year on a constant currency basis.
Advanced Micro Devices announced “Advancing AI,” an in-person and livestreamed event on December 6, 2023 to launch the next-generation AMD Instinct™ MI300 data center GPU accelerator family and highlight the Company’s growing momentum with AI hardware and software partners. AMD Chair and CEO Dr. Lisa Su will be joined by AMD executives, AI ecosystem partners and customers who will discuss how AMD products and software are re-shaping the AI, adaptive and high-performance computing landscape.
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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