VERSES AI Inc. (NEO: VERS) (OTCQB:VRSSF) ("VERSES'' or the
"Company”), a cognitive computing company specializing in
biologically inspired distributed intelligence, today announced
Nalantis as the first participant in a private Genius™ beta
program, which aims to advance and redefine AI.
Nalantis is a next-gen language technology company bridging the
gap between processing and understanding data. Their solution
integrates semantics, linguistics, machine learning and deep
learning to foster semantic language representation and the
analysis of unstructured text. Nalantis improves the analysis of
documents and allows a contextual understanding of text from
documents, videos and other sources.
Nalantis is a partner of VERSES in the Flying Forward 2020
project and also part of another EU-funded project SEMCITY, that
aims to make regulations universally accessible for civil servants,
residents and businesses using AI-powered technologies. The project
addresses a market of over 2,500 municipalities in the EU and will
enable legal digital services around local, national, and European
regulations and legislation.
The private beta program which will initially consist of ten
strategic companies, is an example of VERSES AI’s commitment to
innovation and is designed to harness the collective expertise of
industry leaders. Management believes that the addition of Nalantis
to the Genius™ beta program reflects a strategic move to expand the
horizons of intelligent software systems.
“The addition of Nalantis to the Genius™ beta program is a
milestone for VERSES as they are the first participant we can
announce. Additionally, their expertise in natural language
processing adds a new dimension to our collaborative efforts and to
the advancement of Genius™ capabilities. We are aiming to achieve
groundbreaking results as we work together with the goal of shaping
the future of AI,” said VERSES CEO and founder Gabriel René.
“Our partnership with VERSES AI has the potential to advance our
mutual technologies into a more innovative offering to influence
multiple industries including autonomous compliance, human
resources management and governmental systems,” said Frank Aernout,
CEO of Nalantis.
About VERSES
VERSES AI is a cognitive computing company specializing in
next-generation artificial intelligence solutions. Our flagship
offering, Genius™, is inspired by natural systems and human
cognition. Genius™ can adapt, learn and integrate with the
Institute of Electrical and Electronics Engineers’ open spatial web
standard P2874. Key features of Genius™ include generalizability,
spatial web standards integration, 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 Twitter.
About Nalantis
Nalantis is a next-gen language technology company. Nalantis
developed an artificial intelligence system that enables machines
to understand text and natural language. Governments and
enterprises implement this technology to build highly intelligent
products and solutions with a low-code/no-code approach. Nalantis
is also the creator of TAP 3.0, an innovative talent acquisition
platform that can be integrated into HR software. Learn more about
Nalantis solutions at www.nalantis.com.
On behalf of the Company Eric Holder, Director
of Communications, VERSES AI Inc. press@verses.ai
Investor Relations Inquiries
U.S. Matthew Selinger, Partner, Integrous
Communications, mselinger@integcom.us
Canada Leo Karabelas, President, Focus
Communications, info@fcir.ca
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
Company’s goals with regard to the Genius™ beta program; the number
of participants in the Genius™ beta program; the impact and
benefits of the partnership with Nalantis; the advancement of the
Company’s products; and the goals of the Company.
Such forward-looking statements are based on a
number of assumptions of management, including, without limitation,
that the Genius™ beta program will proceed as expected; that
Nalantis’ solutions provide the benefits described herein; that the
partnership with Nalantis will yield the benefits currently
expected by management; that the partnership has the potential to
advance the technologies of both Nalantis and VERSES and influence
multiple industries; 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 the Genius™ 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 the release
and deployment of the Genius™ technology; political instability;
unexpected development and production challenges; the Company could
face technology or software disruptions; unanticipated costs; the
Genius™ technology may fail to perform as expected; the Genius beta
program may not proceed as expected; the Company may be
unsuccessful in achieving its goals as it relates to advancing and
redefining Al; the partnership with Nalantis may fail to produce
the expected benefits; the partnership may fail to advance the
mutual technologies of Nalantis and VERSES or influence the
expected industries; the Company’s technology could fail to impact
the AI market as anticipated; 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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