VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ("VERSES'' or the
"Company”), a cognitive computing company specializing in the next
generation of artificial intelligence, announces winning a research
and innovation grant in the amount of €418,000 from the EU
Commission and their Horizon Europe project entitled dAIEDGE , a
network of excellence for “distributed, trustworthy, efficient and
scalable AI at the Edge.”
Artificial intelligence (AI) is becoming a major
force in shaping the future of the internet and the world. By
combining edge computing and AI (Edge AI), devices can make
decisions in a few milliseconds by processing data directly at the
point of origin—without insecure connections, high latency, large
energy overheads or costs due to transmission. Edge AI is therefore
a pathfinder and accelerator for many new applications in areas
such as autonomous driving, personalized digital assistance and
intelligent service robots.
“The dAIEDGE is a very exciting project poised to
revolutionize the development and market adoption of distributed
edge AI solutions in Europe. Together with our consortium partners,
we will be at the heart of steering AI onto a path of sustainable
growth, and paving the way for a future where digital advancements
and environmental consciousness go hand in hand,” said Philippe
Sayegh, VERSES Chief Adoption Officer.
As part of the European Union's initiative
"European Network of AI Excellence Centres: Expanding the European
AI lighthouse," the main objective of the project is to create a
Network of Excellence Centers for AI-based edge solutions. This
network aims to support and ensure rapid development and market
adoption of distributed Edge AI technologies, such as hardware,
software, frameworks and tools that are reusable, secure and
trustworthy.
The applications of dAIEDGE are expected to be used
in a wide range of fields, such as the Internet of Things (IoT),
intelligent transportation systems, robotics and healthcare.
"The development of smart edge devices drastically
increases their ability to make complex decisions autonomously and
respond to real-time data. This is the basis for a dynamic AI
ecosystem with distributed, trustworthy, efficient and scalable AI
methods," says Prof. Didier Stricker, head of research lab
Augmented Vision at consortium leader DFKI in Kaiserslautern.
VERSES Global B.V. has been selected as part of a
European consortium of experts in artificial intelligence, embedded
computing, microprocessors, distributed hardware and software,
computer science and engineering that will work closely together to
provide ideas, tools, services, guidelines and trends to support
the next generation of Edge AI technologies.
VERSES Global B.V. is expected to lead and
contribute to several working packages and tasks of the dAIEDGE
project. This includes the definition of the AI lighthouse
strategy, Edge AI application requirements and trends across
domains and industries. Additionally, VERSES Global B.V. is
expected to provide a contextual model called Hyperspace Modelling
Language (HSML) and a communication protocol known as Hyperspace
Transaction Protocol (HSTP). VERSES Global B.V. is also expected to
participate in use case scenarios in smart warehouse and smart city
domains using AI at the edge.
"We are thrilled to have won this grant from the EU
Commission and to be a part of the dAIEDGE project," said Gabriel
René, VERSES CEO. "As a leading provider of advanced AI solutions,
we are committed to developing technologies that can drive
innovation and create value for our customers. The dAIEDGE project
is an excellent opportunity to collaborate with other industry
leaders, academics and SMEs to achieve breakthroughs in the field
of AI and network automation."
Partners:Aegis Rider, Bonseyes
Community Association, Blekinge Institute of
Technology, Commissariat à l'Energie Atomique et aux énergies
alternatives, Centre d'excellence en technologies de l'information
et de la communication, CSEM, Deutsches Forschungszentrum für
Künstliche Intelligenz, Deutsches Zentrum für Luft- und Raumfahrt
e.V., ETH Zürich, Fraunhofer Gesellschaft, FundingBox Accelerator
SP, Foundation for Research and Technology - Hellas, Haute école
spécialisée de Suisse, HIPERT SRL, imec, Institut national de
recherche en informatique et automatique, INSAIT - Institute for
Computer Science, Artificial Intelligence and Technology, IoT
Digital Innovation Hub, Katholieke Universiteit Leuven, NVISO,
SAFRAN Electronics and Defense, SINTEF AS, Sorbonne Université,
CNRS, ST Microelectronics, Synopsys International Limited, Thales,
Ubotica Technologies Limited, University of Castilla-La Mancha, The
University of Edinburgh, University of Glasgow, University of
Modena and Reggio Emilia, University of Salamanca, Varjo
Technologies, VERSES Global B.V., Vicomtech
About VERSESVERSES is a cognitive
computing company specializing in next-generation Artificial
Intelligence. Modeled after natural systems and the design
principles of the human brain and the human experience, VERSES
flagship offering, GIA™, is an Intelligent Agent for anyone powered
by KOSM™, a network operating system enabling distributed
intelligence. Built on open standards, KOSM transforms
disparate data into knowledge models that foster trustworthy
collaboration between humans, machines, and AI, across digital and
physical domains. Imagine a smarter world that elevates human
potential through innovations inspired by nature. Learn more
at VERSES, LinkedIn and Twitter.
Project Coordination dAIEDGE:
Dr. Alain Pagani, German Research Center for
Artificial Intelligence, Alain.Pagani@dfki.de
On Behalf of the Company
Gabriel RenéVERSES AI Inc.Co-Founder &
CEOpress@verses.io
Media and Investor Relations
Inquiries
Leo KarabelasFocus
CommunicationsPresidentinfo@fcir.ca416-543-3120
Cautionary Note Regarding Forward-Looking
Statements
When used in this press release, the words
"estimate", "project", "belief", "anticipate", "intend", "expect",
"plan", "predict", "may" or "should" and the negative of these
words or such variations thereon or comparable terminology are
intended to identify forward-looking statements and information.
Although Verses believes, in light of the experience of their
respective officers and directors, current conditions and expected
future developments and other factors that have been considered
appropriate, that the expectations reflected in the forward-looking
statements and information in this press release are reasonable,
undue reliance should not be placed on them because the parties can
give no assurance that such statements will prove to be correct.
The forward-looking statements and information in this press
release include, among others, the wide range of fields in which
dAIEDGE is expected to be applied, that the Company is expected to
lead and contribute to several working packages and tasks of the
dAIEDGE project, that the Company is expected to provide a
contextual model called HSML and a communication protocol known as
HSTP, and that the Company is expected to participate in use case
scenarios in smart warehouse and smart city domains using AI at the
edge.
In making the forward-looking statements in this
news release, the Company has applied several material assumptions,
including without limitation, that dAIEDGE will apply to a wide
range of fields, that the Company will lead and contribute to
several working packages and tasks of the dAIEDGE project, that the
Company will provide a contextual model called HSML and a
communication protocol known as HSTP, and that the Company will
participate in use case scenarios in smart warehouse and smart city
domains using AI at the edge.
By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or other
future events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. There are a number of important factors
that could cause Verses actual results to differ materially from
those indicated or implied by forward-looking statements and
information. Such factors include, among others: that dAIEDGE will
not be used in a wide range of fields; that the Company will not
lead and contribute to several working packages and tasks of the
dAIEDGE project; that the Company will not provide a contextual
model called HSML or a communication protocol known as HSTP; that
the Company will not participate in use case scenarios in smart
warehouse and smart city domains using AI at the edge; currency
fluctuations; limited business history of the parties; disruptions
or changes in the credit or security markets; results of operation
activities and development of projects; project cost overruns or
unanticipated costs and expenses; and general development, market
and industry conditions. The Company undertakes no obligation to
comment on analyses, expectations or statements made by third
parties in respect of its securities or its financial or operating
results (as applicable).
Neither the Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this press
release.
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