09:41 AM EST - VERSES AI Inc. : Announced the initial results of the Genius™ Beta Partner collaboration and the publishing of a paper co-authored by research teams at both Volvo Cars and VERSES. The paper uses VERSES’ algorithms to predict the appearance of pedestrians, cyclists, and cars that are obscured behind stationary vehicles and objects. An advancement beyond current capabilities of autonomous vehicle AI. “As the automotive industry progresses towards fully autonomous self-driving cars, predicting where unseen obstacles like people or bicyclists may be or which trajectory they may be on has been a significant unsolved safety challenge. We believe the inability of current autonomous driving systems to overcome this hurdle is holding back the AV industry worldwide. Volvo Cars is globally recognized for its unwavering commitment to vehicle safety. So, they were the perfect partner to work with to showcase how VERSES can help solve this problem,” said Gabriel René, CEO of VERSES. “We believe this research project with Volvo Cars; part of our Genius Beta project, demonstrates a major advancement in autonomous vehicle safety capability. We expect the research project to pave the way for safer streets for pedestrians, cyclists, cars, robots, and beyond." VERSES AI Inc.
shares O.VRSSF are trading unchanged at $0.44.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=VRSSF&qmodStoryID=8922152318675722
