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.
VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF) Stands to Benefit
VERSES AI Inc., a cognitive computing company specializing in next-generation intelligent software systems, welcomes National Aeronautics and Space Administration’s (NASA) Jet Propulsion Laboratory (JPL) to the Beta program of its Intelligence-as-a-Service platform, Genius™.
NASA seeks to advance international and interagency collaboration on space exploration efforts through technology and policy standards. NASA, JPL and many other stakeholders in the new “space race” have a vested interest in standardizing infrastructure and supporting the space economy, which Morgan Stanley estimates may grow to $1 Trillion by 2040.
The international space agency community is actively seeking to develop standards for space exploration. For example, many countries have recently announced their intention to return to the moon. To ensure safety and collaboration, in 2020, NASA published the Artemis Accords, a non-binding multilateral arrangement between thirty-two world governments and one territory participating in NASA’s Artemis space program, which aims to. return humans to the moon by 2025, establish a permanent presence on the moon, and ultimately expand space exploration to Mars and beyond. The Accords set out to define space rules and laws governing various activities, from exploiting natural resources on the moon, comets and asteroids to governments' ability to protect access to lunar bases or mining zones. PWC estimates that the lunar economy will reach $170B by 2040. In addition to governance considerations, many technical specifications must be developed, including power distribution, communications, positioning, navigation and timing, lunar surface surveying, lunar satellite networks for guidance and communications, and cislunar space traffic control. Interoperability is central to the success of the global space economy.
“Interoperability of systems is critical to ensure safe and robust space exploration. Therefore, the Artemis Accords call for partner nations to utilize open international standards, develop new standards when necessary, and strive to support interoperability to the greatest extent practical,” says NASA.
“We believe that interoperability, knowledge sharing, transparency and accountability are prerequisites for collaboration in space and is precisely the kind of application that Genius is uniquely designed to enable,” said VERSES CTO, Jason Fox. Genius is built on the open standards designed by the Spatial Web Foundation being developed within the IEEE P2874 Spatial Web, Architecture and Governance Working Group. IEEE (Institute of Electrical and Electronics Engineers) is the world’s largest standards development organization (SDO) and works with many other SDOs and government agencies involved in space exploration. The standards have been successfully deployed in Flying Forward 2020, a European Commission program chartered with defining governance systems for autonomous drones across five European cities.
In a similar fashion, NASA, Defense Advanced Research Projects Agency (DARPA), and John Hopkins Applied Physics Laboratory (APL), among others, are seeking to develop a civil lunar infrastructure that unifies other siloed efforts to foster shareable, scalable systems that interoperate. Genius is the only system based on these open standards that is designed specifically to foster this kind of interoperability and governance on Earth, the Moon, Mars, and beyond.
"I’m thrilled that JPL will participate in the Genius beta program because it represents one more step towards standardization. While serving as CTO of the Open Geospatial Consortium, the standards body responsible for key geospatial information standards, my experience with NASA and JPL is that real tests using running code are an essential step in the adoption of standards. And standards are the foundation to enabling industries and economies to thrive," said George Percivall, Distinguished Engineering Fellow and Vice-Chair of the IEEE P2874 Working Group on behalf of the Spatial Web Foundation.
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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