The artificial intelligence market shows no signs of cooling, creating substantial opportunities for companies such as VERSES AI (CBOE: VERS) (OTCQB: VRSSF), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), C3 AI (NYSE:AI) and Amazon.com (NASDAQ: AMZN). For one, according to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030.
Two, according to Goldman Sachs, Big Tech, including Microsoft, Alphabet, Meta an Amazon.com, could spend about $1 trillion over the next four years, creating an even bigger opportunity. Three, according to JPMorgan, of the 166 Chief Investment Officers it surveyed, 75% are set to allocate more than 5% of their IT budgets to AI computer hardware.” Even better, according to a recent CNBC survey, 60% of respondents said AI investments are “accelerating.” Again, with the AI market showing no signs of slowing, there’s still plenty of upside remaining for AI-related stocks.
Look at VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSF), For Example
VERSES AI Inc., a cognitive computing company developing next-generation intelligent software systems, today announces that the Company has been recognized in Gartner’s 2024 Hype Cycle for Artificial Intelligence report.
“It’s an honor to be recognized and to be mentioned alongside other well-respected tech companies like Nvidia by Gartner, one of the world's top technology and research firms, in their Hype Cycle AI report, often considered the ‘gold standard’ of technology reports guiding the technology investment for Fortune 500 companies,” said VERSES CEO Gabriel René.
“We very much agree that, as the report states, Generative AI has peaked and our technology, First Principles AI, is ‘On the rise’, ‘Transformational’, and is in the ‘Innovation Trigger’ phase. We are very encouraged that entities such as Gartner are taking 7notice.”
VERSES is listed in the section of the report titled “First-Principles AI (FPAI)”. Of note, within the “Why this is Important” section, the report states that “FPAI instills a more reliable representation of the context and the physical reality, yielding more adaptive systems. This leads to reduced training time, improved data efficiency, better generalization, and greater physical consistency.”
According to the “Business Impact” section of the report, “FPAI helps train models with fewer data points and accelerates the training process, helping models converge faster to optimal solutions. It improves the generalizability of models to make reliable predictions for unseen scenarios, including applicability to nonstationary systems, and enhances transparency and interpretability, boosting trustworthiness.”
A link to the full report can be found here: https://www.gartner.com/doc/reprints?id=1-2HV4OPON&ct=240618&st=sb
Other related developments from around the markets include:
Nvidia and Hewlett Packard announced NVIDIA AI Computing by HPE, a portfolio of co-developed AI solutions and joint go-to-market integrations that enable enterprises to accelerate adoption of generative AI. Among the portfolio’s key offerings is HPE Private Cloud AI, a first-of-its-kind solution that provides the deepest integration to date of NVIDIA AI computing, networking and software with HPE’s AI storage, compute and the HPE GreenLake cloud. The offering enables enterprises of every size to gain an energy-efficient, fast and flexible path for sustainably developing and deploying generative AI applications. Powered by the new OpsRamp AI copilot that helps IT operations improve workload and IT efficiency, HPE Private Cloud AI includes a self-service cloud experience with full lifecycle management and is available in four right-sized configurations to support a broad range of AI workloads and use cases.
Microsoft will publish fiscal year 2024 fourth-quarter financial results after the close of the market on Tuesday, July 30, 2024, on the Microsoft Investor Relations website at https://www.microsoft.com/en-us/Investor/. A live webcast of the earnings conference call will be made available at 2:30 p.m. Pacific Time.
C3 AI, the Enterprise AI application software company, today announced C3 Generative AI for Government Programs, a generative AI application that helps federal, state, and local governments quickly deliver accurate information to the public about government programs ranging from healthcare, employment, financial assistance, and more. The application streamlines access and comprehension of complex government programs and processes for hundreds of millions of citizens and residents, helping them navigate systems and services with ease. With C3 Generative AI for Government Programs, federal, state, or local government agencies can eliminate service delays, reduce wait times, make contact centers more effective, and improve the citizen experience. By empowering the public to find answers directly through an intuitive search and chat interface, support centers will see decreased inquiry volumes and strain, allowing service representatives to focus on more complex cases and inquiries.
Amazon Web Services, Inc. (AWS), an Amazon.com company, announced the launch of AWS GenAI Lofts, a global tour designed to foster innovation and community in the evolving landscape of generative artificial intelligence (AI) technology. This initiative will bring collaborative pop-up spaces to key AI hotspots around the world, offering developers, startups, and AI enthusiasts a platform to learn, build, and connect. Visitors will benefit from immersive experiences showcasing cutting-edge generative AI projects, workshops, fireside chats, and hands-on programming from AI experts, community groups, AWS Partners, including Anthropic, Cerebral Valley, Weights & Biases, and venture capital investors.
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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