Core Insights - VERSES AI Inc. has filed its Quarterly Report on Form 10-Q for the three months ended June 30, 2025, with the SEC, indicating ongoing compliance and transparency in financial reporting [1] - The company reported its first revenue generated by its flagship product, Genius, just two months after its launch, showcasing early commercial success [2] - The CFO emphasized disciplined cost management and strong customer interest, suggesting a positive outlook as the company scales its operations [2] Financial Performance - The Quarterly Report reflects the company's financial results for the period ending June 30, 2025, highlighting the initial revenue from Genius [2] - The report is accessible on the SEC's website and the company's investor relations site, ensuring stakeholders can review the financial details [3] Company Overview - VERSES AI Inc. is focused on developing next-generation agentic software systems inspired by natural principles, with its flagship product, Genius, designed for reliable predictions and decisions under uncertainty [3] - The company aims to elevate human potential through technology modeled after the wisdom of nature, indicating a strong commitment to innovation in cognitive computing [3]

Core Insights - The company, VERSES AI Inc., has launched its enterprise intelligence platform, Genius, which is designed to provide reliable domain-specific predictions and decisions under uncertainty [1][3] - The Chief Commercial Officer highlighted the diverse use cases for Genius, indicating its potential to fill gaps in current AI solutions and unlock additional value across various industries [2][5] - Initial customer engagements include recognized brands in multiple sectors, showcasing the platform's broad applicability [2][5] Company Overview - VERSES AI Inc. specializes in cognitive computing and next-generation intelligent software systems, inspired by principles found in nature [3] - The flagship product, Genius, aims to elevate human potential through technology and is modeled after the wisdom of nature [3] Industry Applications - Genius is being explored for various applications across different industries, including: - Advertising & Media: Media Mix Strategy - Aviation: Resource Scheduling - Consulting: Project & Workforce Scheduling - Financial Services: Customer & Credit Risk Modeling - Manufacturing: Predictive Maintenance - Oil & Gas: Expert Drilling Assistant [5]

Summary of VERSES (VRSS.D) Update / Briefing July 29, 2025 Company Overview - **Company**: VERSES (VRSS.D) - **Focus**: Development of AI and robotics technology, particularly in real-world applications and enterprise solutions Key Points Uplist Plans - The company is actively pursuing an uplist to a major tier one US exchange, such as Nasdaq or the New York Stock Exchange, to access larger pools of capital and greater liquidity [3][4][6] - A reverse split is required to meet minimum share price requirements for listing on these exchanges [3] - Transitioned from a foreign private issuer to a domestic SEC reporting company, which comes with different public disclosure requirements [4] Corporate Strategy and Technology Development - The company is focused on creating real-world intelligence through AI, addressing the limitations of current AI technologies that struggle with practical applications [14][15][18] - Emphasis on developing enterprise-ready solutions that can handle mission-critical applications, such as real-time sensing and modeling of environments [19][22] - The company has made significant advancements in its technology, including the development of Genius, a platform designed for adaptive real-time learning [32][35] Product Innovations - **Acxiom**: A cognitive architecture that demonstrates superior performance in spatial reasoning and real-time learning, outperforming competitors like Google's models [35][37] - **VBGS**: A new machine vision technology that allows for real-time mapping and sensing of environments, significantly improving accuracy and efficiency [40][41] - **Genius Act**: A robotic simulation that showcases the ability of robots to learn and adapt in real-time, achieving tasks without extensive pre-training [44][46] Market Position and Recognition - The company has gained attention from various media outlets and industry experts, indicating a growing recognition of its technology and potential [75] - Partnerships with notable organizations, including NASA and JPL, highlight the credibility and applicability of its technology in real-world scenarios [74] Customer Adoption and Revenue Potential - Strong adoption of the Genius platform across diverse industries, including CRM, banking, and media, with customers acting as both users and potential resellers [67][70] - The company is optimistic about future revenue growth as it transitions from research to revenue-generating phases [72][75] Future Outlook - The company believes it is at a pivotal moment, with the potential to significantly impact the AI and robotics market by solving complex real-world problems [89][90] - Continued focus on developing systems that can operate intelligently in dynamic environments, aiming to lead in the enterprise and industrial sectors [66][87] Additional Important Insights - The company acknowledges the challenges faced during the transition period but emphasizes the strength and resilience of its team and technology [5][6] - The strategic focus on real-world applications of AI and robotics positions the company uniquely in a market that is increasingly recognizing the limitations of traditional AI approaches [14][18][63]

Core Insights - VERSES AI Inc. has signed Kalosys as an enterprise customer, aiming to enhance IT workforce scheduling and productivity through the Genius platform [1][2] - Kalosys plans to expand its Agent Factory solution to provide adaptive workforce solutions and co-intelligence capabilities, utilizing over 30 advanced AI agents [2][3] - The collaboration aims to address the complexities of large-scale workforce scheduling, improving resource utilization and reducing costs [3] Company Overview - VERSES is a cognitive computing company focused on developing intelligent software systems inspired by natural principles, with its flagship product being the Genius platform [4] - Kalosys, with over 20 years of experience, specializes in IT consulting and aims to empower organizations through AI-driven solutions [5] Strategic Goals - The partnership between VERSES and Kalosys is designed to transition organizations from generic AI to domain-specific intelligence that adapts to business needs [3][5] - The Genius platform is expected to enable real-time scheduling that matches the right talent to changing project requirements, enhancing productivity and growth [2][3]

Core Insights - VERSES AI Inc. and Analog are expanding their collaboration on Smart City projects, focusing on energy management, urban robotics, and edge-AI applications following a successful pilot program [1][4] - The Genius platform demonstrated a 32% increase in completed rides during the pilot, indicating significant potential for revenue growth for fleet operators [2][3] - The collaboration aims to integrate Genius into Analog's secure edge infrastructure, enabling real-time decision-making and data control for Smart City applications [4][5] Company Overview - VERSES AI Inc. specializes in cognitive computing and next-generation agentic software systems, with its flagship product, Genius, designed for reliable predictions and decisions under uncertainty [6] - Analog, founded in 2024, focuses on adaptive intelligence and edge computing, aiming to create intelligent systems that enhance human connection and experience [7] Future Prospects - The partnership will explore higher-value Smart City projects, including logistics, autonomous inspection robots, and city-scale sensor fusion, leveraging Genius' capabilities [4][5] - Significant investments are being made in Smart City initiatives, particularly in the Middle East, with expectations for growth in autonomous vehicles, sensors, and energy management systems [5]

Core Insights - VERSES AI Inc. has introduced a new digital brain architecture named AXIOM, which reportedly outperforms Google DeepMind's DreamerV3 in various benchmarks, showcasing significant advancements in artificial intelligence [1][2][3] Performance Metrics - AXIOM achieved a normalized performance score of 77, which is 60% better than DreamerV3's score of 48 [8] - The model is 7.6 times more sample-efficient, learning in 3,175 steps compared to DreamerV3's 24,207 steps [8] - AXIOM runs 39 times faster in GPU runtime, taking approximately 10 minutes versus DreamerV3's 370 minutes [8] - The estimated GPU cost for running AXIOM is $0.66, making it 12 times cheaper than DreamerV3, which costs about $25.54 [8] - AXIOM's model size is 400 times smaller, with 0.95 million parameters compared to DreamerV3's 420 million parameters [8] Development and Validation - AXIOM is developed by Professor Karl Friston, a leading neuroscientist, aiming to mimic the modular structure and dynamic processes of the human brain [4] - The model integrates Variational Bayesian Inference with Active Inference, allowing for more human-like learning with fewer interactions and faster convergence [6] - Third-party validation of AXIOM's performance was conducted by Soothsayer Analytics, confirming its significant gains over leading deep reinforcement learning models [5][6] Implications for AI - The introduction of AXIOM represents a shift towards AI that learns in real-time rather than relying on past data, which aligns with the company's mission to create more effective and trustworthy AI solutions [10] - The model's ability to generalize from fewer examples mirrors human cognition, making it suitable for complex, real-world environments [9]

Global Market Overview - In April 2025, global AI app downloads reached an estimated total of 330 million across both Apple App Store and Google Play, marking a 27.4% increase from March [4] - ChatGPT dominated the market with a 27% share of downloads, while the top five apps accounted for 43% of total downloads [4] - The top five apps globally included ChatGPT, Google Gemini, DeepSeek, Genius, and Doubao, with significant shifts in rankings compared to March [4] Domestic Market Overview - In April 2025, the estimated download volume for AI apps in the Chinese mainland reached approximately 30.57 million, reflecting a 24.0% decline from March [8] - The top five apps in the domestic market were Doubao, DeepSeek, Jimeng AI, Quark, and Tencent Yuanbao, collectively holding 73% of the market [8] - The ranking of the top five apps remained consistent with March, indicating a stable competitive landscape among leading AI applications [10] Download Trends - From March to April 2025, global downloads for head AI apps showed notable changes, particularly for ChatGPT, which saw daily downloads rise from around 2 million to approximately 3.5 million before stabilizing around 3 million [13] - Genius experienced a surge in downloads, increasing from about 200,000 to over 1 million daily, before returning to previous levels [14] - The fluctuations in download volumes were attributed to the launch of ChatGPT's new multimodal model GPT-4o and updates to Genius [15] Domestic Download Trends - In the domestic market, Doubao's daily downloads increased from around 160,000 to 200,000, while DeepSeek and Tencent Yuanbao experienced declines [18] - Jiemeng AI exhibited cyclical download patterns, with significant fluctuations based on user demand for its tool-like features [18] Advertising Material Trends - In April 2025, the total number of advertising materials for AI products in the Chinese mainland was 875,000, down 8.6% from March [21] - The top five applications in terms of advertising material volume were Tencent Yuanbao, Quark, Doubao, Tongyi, and Xingye, which together accounted for 73% of the total [21] - The stability in the ranking of the top five applications further confirmed the solidified competitive landscape in the domestic AI market [21] Download Rankings - In April 2025, the global download ranking was led by ChatGPT, which saw a 52.4% increase in downloads, reaching 90.93 million [28] - The second and third positions were held by Google Gemini and DeepSeek, both exceeding 14 million downloads, while the remaining apps had lower download figures [29] - In the Chinese mainland, Doubao topped the download chart with 5.81 million downloads, while other top apps experienced declines, indicating a general downturn in the market [32]

Launch to Drive Enterprise Customer Acquisition, Product Adoption and Revenue GrowthVANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ("VERSES'' or the "Company”) a cognitive computing company specializing in next-generation intelligent software systems is pleased to announce that the Company has officially launched its flagship product Genius enabling Agentic Intelligence for Enterprise. The Company will offer Genius as a paid service with consumption- ...