Investors should pay close attention to the smart home stocks, including VERSES Technologies Inc. (CBOE: VERS) (OTCQB: VRSSF), Nvidia Corp. (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), and Alphabet (NASDAQ: GOOG, GOOGL). For one, the smart home market – valued at $101.1 billion in 2023 is expected to grow to about $755.8 billion by 2032.
Even more impressive, “The smart home market is the fastest-growing industry in the world powered by near-futuristic technology, continuing urbanization, and interconnected living structures. the Internet of Things device demand is driven by the increasing uptake of smart home products, including thermostats, security cameras, lighting controls, and voice assistants,” as noted by SNS Insider.
However, according to VERSES AI, “We believe the challenge with today’s rule-based energy control systems, such as smart homes, is that they are reactive and don’t take into account other variables like hyper-local weather, multiple energy sources (grid, solar, battery), carbon emissions or room occupancy, and therefore they really aren't ‘smart’,” said VERSES CEO, Gabriel René. We’ll “show how multiple agents working together can better predict which actions to take, given various trade-offs to achieve a desired goal.”
VERSES’ (CBOE: VERS) (OTCQB: VRSSF) Will Showcase its Work on Smart Homes at the Turing Grand Challenge at AI UK 2025
VERSES AI Inc., a cognitive computing company specializing in next-generation intelligent software systems, announces the completion and exhibition of its work on sustainable building management, or smart homes, for the invite-only Turing Grand Challenge at AI UK 2025 on March 17th and 18th.
“We believe the challenge with today’s rule-based energy control systems, such as smart homes, is that they are reactive and don’t take into account other variables like hyper-local weather, multiple energy sources (grid, solar, battery), carbon emissions or room occupancy, and therefore they really aren't ‘smart’,” said VERSES CEO, Gabriel René. “In this exhibition, we show how multiple agents working together can better predict which actions to take, given various trade-offs to achieve a desired goal. This might include deciding to switch a source of power from solar to electrical or preemptively adjust heating and cooling temperature based on weather conditions, occupancy, cost or efficiency goals.”
According to the US Department of Energy, buildings are responsible for 40% of global energy consumption and roughly one-third of that is wasted at a cost of $150 billion annually.
The VERSES exhibit, entitled EcoNet: A Multi-Agent Active Inference System for Urban Energy Optimisation, is a joint effort between VERSES researchers and University College London (UCL), that addresses a key aspect of the environment and sustainability objectives of Turing Grand Challenge, which seeks to develop AI systems that can reduce the impacts of climate change by managing energy use effectively.
“We believe this demonstration of autonomous multi-agent coordination in a complex dynamic system like energy management is an ideal showcase for Genius,” said CTO Hari Thiruvengada. “While this specific use case is applicable from studio apartments all the way up to skyscrapers and to large industrial buildings, the more general problem that Genius is designed to solve is generating reliable predictions in the face of complex, uncertain and changing conditions that can be applied across enterprises universally.”
The Company expects to share further details regarding the results of this test in an upcoming blog at Verses.ai.
Other related developments from around the markets include:
Nvidia has partnered with Microsoft to bring neural shading support to the Microsoft DirectX preview in April, giving developers access to AI Tensor Cores in NVIDIA GeForce RTX™ GPUs to accelerate neural networks from within a game’s graphics pipeline. Neural shading represents a revolution in graphics programming, combining AI with traditional rendering to dramatically boost frame rates, enhance image quality and reduce system resource usage. “Microsoft is adding cooperative vector support to DirectX and HLSL, starting with a preview this April,” said Shawn Hargreaves, Direct3D development manager at Microsoft. “This will advance the future of graphics programming by enabling neural rendering across the gaming industry. Unlocking Tensor Cores on NVIDIA RTX will allow developers to fully leverage RTX Neural Shaders for richer, more immersive experiences on Windows.”
Microsoft announced that its board of directors declared a quarterly dividend of $0.83 per share. The dividend is payable June 12, 2025, to shareholders of record on May 15, 2025. The ex-dividend date will be May 15, 2025.
Apple announced financial results for its fiscal 2025 first quarter ended December 28, 2024. The Company posted quarterly revenue of $124.3 billion, up 4 percent year over year, and quarterly diluted earnings per share of $2.40, up 10 percent year over year. “Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago,” said Tim Cook, Apple’s CEO. “We were thrilled to bring customers our best-ever lineup of products and services during the holiday season. Through the power of Apple silicon, we’re unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal. And we’re excited that Apple Intelligence will be available in even more languages this April.”
Alphabet announced financial results for the quarter and fiscal year ended December 31, 2024. Consolidated Alphabet revenues in Q4 2024 increased 12% year over year to $96.5 billion reflecting robust momentum across the business. Google Services revenues increased 10% to $84.1 billion, reflecting the strong momentum across Google Search & other and YouTube ads. Google Cloud revenues increased 30% to $12.0 billion led by growth in Google Cloud Platform (GCP) across core GCP products, AI Infrastructure, and Generative AI Solutions. Total operating income increased 31% and operating margin expanded by 5% percentage points to 32%. Net income increased 28% and EPS increased 31% to $2.15.
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.
Contact:
Ty Hoffer
Winning Media
281.804.7972
Ty@winning.media
