VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ("VERSES'' or the
"Company”), a cognitive computing company specializing in the next
generation of intelligent systems, announces the filing of a
provisional patent application representing an innovative method
for “Knowledge Expansion” in next-generation artificial
intelligence systems.
Artificial intelligence is becoming increasingly ubiquitous and
has impacted virtually every industry, yet it is largely employed
to generate content – images and words – based on massive amounts
of data. However, once trained, these models cannot be
incrementally updated. VERSES Knowledge Expander enables
intelligent systems to continuously learn and adapt in real-time by
emulating the encoding processes of the human brain. The Company
believes this technology could potentially replace the current
state-of-the-art approach to artificial intelligence.
“We believe that knowledge expansion is the key to enabling
dynamic models, allowing agents to adapt to a changing world. It is
the essence of artificial general intelligence,” said Gabriel René,
founder and CEO of VERSES.
Now, similar to how our brains allow us to “find the right
place” in our memory for the novel information we receive every
day, the VERSES Knowledge Expander can expand the information store
of a graph database by determining whether a new node, edge or
element of an existing node should be added to the graph to reflect
the correct causal relationship between the new information and the
existing information in the database. This allows inference in
real-world scenarios by encoding the probability of
relationships.
The Company believes Knowledge Expander is significant because
deciding how new information should be connected with respect to
existing information stored in a graph database normally requires a
human understanding of how things causally relate to each other in
the world. It enables real-time, adaptive and autonomous learning
in agents. This was demonstrated in the Genius™ demo earlier this
month.
VERSES' Knowledge Expander automates tasks requiring human
intervention, facilitating more advanced cognitive processes. The
invention is designed to secure VERSES novel IP in the highly
competitive AI space.
About VERSES
VERSES AI is a cognitive computing company specializing in
biologically inspired distributed intelligence. Our flagship
offering, Genius™, is patterned after natural systems and
neuroscience. Genius can learn, adapt and interact with the world.
Key features of Genius include generalizability, predictive
queries, real-time adaptation and an automated computing network.
Built on open standards, Genius 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
X.
On behalf of the Company
Gabriel René, Founder & CEO, VERSES AI Inc.
Eric Holder, Director of Communications, VERSES AI Inc.
press@verses.ai
Investor Relations Inquiries
U.S., Matthew Selinger, Partner, Integrous Communications,
mselinger@integcom.us 415-572-8152
Canada, Leo Karabelas, President, Focus Communications,
info@fcir.ca 416-543-3120
Forward Looking Information
This press release contains "forward-looking
information" and "forward-looking statements" within the meaning of
applicable securities legislation (collectively, “forward-looking
statements”). The forward-looking statements herein are made as of
the date of this press release only, and the Company does not
assume any obligation to update or revise them to reflect new
information, estimates or opinions, future events or results or
otherwise, except as required by applicable law. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budgets",
"scheduled", "estimates", "forecasts", "predicts", "projects",
"intends", "targets", "aims", "anticipates" or "believes" or
variations (including negative variations) of such words and
phrases or may be identified by statements to the effect that
certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be achieved. These forward-looking
statements include, among other things, statements relating to: the
fact that the Company’s Knowledge Expander can potentially replace
traditional AI and increase efficiencies of scale; the possibility
that artificial intelligence which adapts and incorporates new
information can replace traditional AI systems; the potential
benefits an organization will derive from adding the Company’s
Knowledge Expander automation to graph databases; the capabilities
of the Company’s Knowledge Expander; the fact that knowledge
expansion can enable dynamic models and allow agents to adapt to a
changing world; and the significance of the Company’s Knowledge
Expander. Such forward-looking statements are based on a number of
assumptions of management, including, without limitation, that
artificial intelligence with the ability to adapt and incorporate
new information is preferable to traditional AI systems which do
not learn in real time; that adding the Company’s Knowledge
Expander automation to graph databases will help organizations save
time and money and allow them to operate faster and more
efficiently; that knowledge expansion is a key to enabling dynamic
models; that the Company’s Knowledge Expander will perform and
provide the results currently anticipated by management; that the
Company will be successful in the deployment of its resources and
personnel; that results of testing and development data will be
consistent with anticipated results and estimates; that the Company
will not come across technology or other barriers preventing it
from achieving its business objectives and commercializing its
technology; and that the Company’s technology will impact the AI
market and the Company’s success in the AI market as
anticipated.
Additionally, forward-looking statements involve
a variety of known and unknown risks, uncertainties and other
factors which may cause the actual plans, intentions, activities,
results, performance or achievements of the Company to be
materially different from any future plans, intentions, activities,
results, performance or achievements expressed or implied by such
forward-looking statements. Such risks include, without limitation:
the Company’s operations could be adversely affected by possible
future government legislation, policies and controls or by changes
in applicable laws and regulations including the ability of the
Company to develop and commercialize its products and release and
deploy its technologies; political instability; unexpected
development and production challenges; the Company could face
technology or software disruptions; unanticipated costs; the
Company’s technology may fail to perform as expected; increased
competition; artificial intelligence which adapts and incorporates
new information may not be preferable to traditional AI systems;
the Company’s Knowledge Expander may not deliver the expected
benefits to organizations that use it; the Company may not be
issued a patent for the Knowledge Expander or may experience other
intellectual property related issues; the loss of key personnel;
and the loss of key partnerships necessary for the Company to
achieve its business objectives. The forward-looking statements
contained in this press release represent management's best
judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future
results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements. Neither the
Company nor any of its representatives make any representation or
warranty, express or implied, as to the accuracy, sufficiency or
completeness of the information in this press release. Neither the
Company nor any of its representatives shall have any liability
whatsoever, under contract, tort, trust or otherwise, to you or any
person resulting from the use of the information in this press
release by you or any of your representatives or for omissions from
the information in this press release.
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