By now, you’re well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. Microsoft, for example, invested about $13 billion in Open AI. Even the industry’s 800 lb. gorilla, Nvidia has been aggressively investing in the market. Nvidia also believes the total addressable market could be worth $600 billion. But even $600 billion may be too low. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. All while the technology massively disrupts everything about everything. Along the way, it’s creating monumental opportunity for companies, such as VERSES AI Inc. (NEO: VERS) (OTCQB: VRSSF), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), and Advanced Micro Devices (NASDAQ: AMD).
VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF) Stands to Benefit
VERSES AI Inc., a cognitive computing company specializing in the next generation of intelligent systems, announces the filing of a provisional patent application representing an innovative method for “Knowledge Expansion” in next-generation artificial intelligence systems.
Artificial intelligence is becoming increasingly ubiquitous and has impacted virtually every industry, yet it is largely employed to generate content – images and words – based on massive amounts of data. However, once trained, these models cannot be incrementally updated. VERSES Knowledge Expander enables intelligent systems to continuously learn and adapt in real-time by emulating the encoding processes of the human brain. The Company believes this technology could potentially replace the current state-of-the-art approach to artificial intelligence.
“We believe that knowledge expansion is the key to enabling dynamic models, allowing agents to adapt to a changing world. It is the essence of artificial general intelligence,” said Gabriel René, founder and CEO of VERSES
Now, similar to how our brains allow us to “find the right place” in our memory for the novel information we receive every day, the VERSES Knowledge Expander can expand the information store of a graph database by determining whether a new node, edge or element of an existing node should be added to the graph to reflect the correct causal relationship between the new information and the existing information in the database. This allows inference in real-world scenarios by encoding the probability of relationships.
The Company believes Knowledge Expander is significant because deciding how new information should be connected with respect to existing information stored in a graph database normally requires a human understanding of how things causally relate to each other in the world. It enables real-time , adaptive and autonomous learning in agents. This was demonstrated in the Genius™ demo earlier this month.
VERSES' Knowledge Expander automates tasks requiring human intervention, facilitating more advanced cognitive processes. The invention is designed to secure VERSES novel IP in the highly competitive AI space.
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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