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VERSES Issues Inaugural Monthly Newsletter May 2025
GlobeNewswire·2025-05-07 12:55

Core Insights - VERSES AI Inc. has launched its inaugural monthly newsletter to provide updates on company momentum, product innovation, and financial highlights [2][4] - The company has officially launched its product Genius, aimed at enabling Agentic Intelligence for enterprise applications [4][5] - Genius is designed for machine learning and data science professionals, offering tools for building domain-specific models to enhance decision-making [4][5] Product Update - Genius was launched on April 30, 2025, with significant upgrades based on customer feedback during the beta phase [5] - The product targets various sectors including telecom, logistics, and oil and gas, providing tools for model building and reliable predictions [5] - Genius operates on a paid service model with consumption-based and performance-based pricing [5] Use Case Spotlight - Genius can optimize insulin delivery in healthcare by learning patient-specific glucose response patterns and adapting insulin delivery in real-time [7][13] - The International Diabetes Federation predicts a rise in diabetes cases from 589 million in 2025 to 853 million by 2050, highlighting the need for advanced solutions [9] Research Developments - Research is progressing with a focus on advanced strategies for complex dynamic systems, including a presentation on EcoNet at the AI UK 2025 event [11] - Several scholarly papers have been published by employees, contributing to the academic discourse in AI and neuroscience [12][17] Corporate News - Recent leadership promotions include Lori Pike as Vice President of Engineering and Tim Bellay as Director of Product, crucial for the success of Genius [21] - James Hendrickson has been promoted to President and COO, while James Christodoulou has joined as CFO to lead financial operations [22] AI Sector Update - NVIDIA's GTC AI Conference highlighted the transformative potential of AI agents across industries, emphasizing the concept of "agentic AI" [23][24] - Morgan Stanley identified five key AI trends at its Technology, Media & Telecom Conference, indicating a growing interest in AI applications [26][28] News and Key Moments - Key recent events include the commercial launch of Genius, a public offering raising US$7.9 million, and a partnership with AI Driller for smarter oil and gas operations [27]