robinandthe7hoods
5日前
Verses is now in the final stage of the beta.Adding GoProdigii to the beta is beta in name only.This is the finished product.Blue Yonder has been a beta partner since the Wayfinder days,1.5 years ago.
SVT Robotics was part of it for the past 1.75 years.Same for the drugstore chain.And now it's being used in the Smart City contract in Abu Dhabi,'in the first on many'...Not as a beta test of its ability.
GoProdigii is now promoting Genius as part of its business plan,which means it is safe for future customers to use in their systems.
Shouldn't be long,next couple of months,before they start announcing contracts and ready for public release.
The contracts will be the signal for a huge financing,that will be considered safe as an investment at a typical 10x.That is how they came up with that valuation.
Then they will be financed for production and new hirings.
robinandthe7hoods
3週前
Now that the PP is almost over with,there will be no more pressure on the stock price for a while.Always hard to say as it takes news to run a stock,no matter which exchange it's on.
But,in any case,they seem to be making a lot of progress,and they are really getting their name spread out there.
LLMs are already slowing down and the numbers of users are dropping,and the word is spreading on Active Inference.Just a matter of time.
robinandthe7hoods
3週前
Just in case anyone thinks what Verses is trying to do with the Atari games test is easy and can be done at the drop of a hat because it's supposed to do anything it wants with Genius,here is a study done with various LLMs that failed to score well on $100 billion systems.
Deepmind was finally able to do it after probably years of working on it and having a section of their lab focusing only on that,and then it improved the score only years after that and it probably cost many 10s of millions of dollars just programming it specifically for that job.
Verses is working on getting Genius to become interoperable over many different software and hardware,which is what their Beta program is trying to achieve,not just over one type of hardware and\or one type of software from one maker,but over any and possible all.This is extremely hard.Which is why they are picking different companies over the Beta.
This is a test that was done using many LLMs on training them on certain Atari games and their score verses human play.
https://arxiv.org/html/2408.15950v1
robinandthe7hoods
4週前
Who is the leading candidate to scoop up Verses AI once all the pieces are in place?...Management seems totally unconcerned with the stock price...G42 wanted to finance the entire $350 million investment when the time came,but Gabriel Rene said no...Are they expecting a bidding war?...Steps to go through-Web 3.0 protocols to be announced by the IEEE,Benchmarks to prove they are as good as the LLMs but faster and cheaper,Beta program to be done and all the kinks are gone from Genius,then it's full speed ahead...Imo,unless they plan to get into the hardware business for this[phones,laptops],then will be up for grabs and won't last long on the market because it'll be scooped up by one of the big boys,because the incredibly huge money is going to come with new phone and laptop sales with the THE BEST operating system available in the world today,an LLM with Genius attached,which no one else will have if it gets scooped up...It will literally be worth 100s of billions when you add up the everyday Joe Blow user with the businesses such as warehousing,defense contractors,healthcare,you name it!
robinandthe7hoods
1月前
With rumors circulating about a Tesla phone,that would be a potentially massive market share loss to the other phone makers because of the ability to add Star Link and at whatever price Musk would decide to break the other phone makers,along with his own AI chatbot.
All the computer/phone makers are spending billions trying to become the first with AGI,but no one is close.
What are the odds that not one of the top computer/phone/operating system manufacturers is going to come calling once production is set to be announced for Genius?
More billions for hope and a prayer,and getting left behind,or more billions for a sure thing,and the only one in existence,and all the business in robotics,smart cities,drones,games,movies and warehousing it can handle?
robinandthe7hoods
1月前
Nice PR today!...In case no one noticed,the publishing of the paper was C0-AUTHORED by research teams at both Volvo Cars and Verses.So this is not just a pump job.
Arxiv.org is a pre-print archive...Usually people submit their article to Arxiv at the same time they submit it to a peer-reviewed journal.
Peer-reviewed journals can take a while to finally publish the article,so Arxiv is a nice way to get your work out there early for people to claim ownership/copyright of their work while getting it out there for people to read,cite,collaborate with you on etc.
This is a big deal!...Arxiv has gatekeepers.If you aren't known to them,you need someone to endorse your submission.
Volvo putting their stamp of approval on the paper is the seal of acceptance.
Congratulations to Verses!
robinandthe7hoods
2月前
And of that potential $350 million,G42 is only being allowed to invest $90 million,so who will be fronting the other $260 million[or more]in that PP?
Management from Verses,their engineers,and others associated with the company sure are keeping tabs and liking posts of a who's who of what you would think would be competitors on LinkedIn,but who could be part of their Beta program,because Verses is telling no one who is in that program.
robinandthe7hoods
2月前
A very important aspect of the potential $350 million financing round that seems to be overlooked completely is,how did they come up with the $3.5 billion valuation?
This isn't just decided by the company or an investor out of thin air.A valuation would have been done by financial analysts based on the projected future revenue and the space they are in.In the past Gabriel Rene has insinuated that by 2025 they would be seeing $300-500 million in revenue coming in.
The analysts coming up with the $3.5 billion valuation would have needed to have some sort of actual proof the revenues could potentially be in that range before they could come up to their Post Money Valuation of $3.5 billion.The big investors putting up the actual $350 million want proof.Their money isn't chickefeed.
Valuations,and/or stock price would typically be at 10x-12x revenue.So the Private Placement of $350 million would be in line with a projected $300-500 million revenue stream that Rene talked about,once Verses is in production mode and deals have been signed.And 10x that is $3.5 billion.And Rene just saying so wouldn't be proof.He would have shown them the proof.
These are analyst numbers....So people should consider this before they talk themselves into selling this stock because of bullboard banter mostly filled by daytraders who are addicted to moving money into and out of stocks,losing most of it over time,who get their highs by the action and thrill of going to new bullboards and discussing their new target,whining,complaining,high if their up a few cents,dejected if their down a few cents,then move on to their next thrilling stock...This is addiction...And every single addict in life loses.
robinandthe7hoods
2月前
If anybody thinks there isn't much going on,remember there were some 3700 entities that applied for the beta program.We only know very few of the companies,individuals,entities that applied.
Dan Mapes seems to have fallen off a cliff,but if you follow him on LinkedIn,you would see that he has been following a lot of people working on Gaussian Splatting.Why would he be so focused on this topic?
https://arxiv.org/html/2410.03592v1
Capt_Smith77
2月前
Microsoft shares traded under $2.00 for most of 1994.Market cap means nothing.Outstanding shares at the time was already over a billion.Outstanding shares today is between 7-9 billion.
Actually its the share price that matters very little in the scheme of things, because if you're diluting shareholders at a valuation of two billion dollars, that's a mountain of a difference than diluting shareholders at 100M or less, as you get very little $$ while having to add tens, if not hundreds of millions in shares outstanding. Unlike Verses, Microsoft had an actual product, and so diluting shareholders heavily back then was worth it for investors that held on. If Verses has to continue diluting shareholders at current and lower market caps, they'll easily end up with billions of shares outstanding, and relatively early investors would need billions in market cap just to recoup their losses.
Sorry, but comparing Verses to an early Microsoft is a real joke at this point. I keep checking the company website, which has been very slow for the past six months or so btw, to see if Karl Friston is even still listed as working for the company. I'm half expecting at this point that he'll move on to better things, though I'm sure he gets paid rather well for the time he puts in remotely.
Judah137
2月前
The CEO feigned a relationship with OpenAI by posting on X:
"Maybe I can comment by the end of the month 🍓🦋🙊" ...
... Company then dilutes 7 million shares as the price rises by 30% (sure that likely included insider selling) ...
Then, after being asked what that means, he followed that post with: "you want my comment, Strawberry doesn't use Active Inference, I'll see you on the field, that's my comment"
If this doesn't tell you that this guy is a fraud, then you're not paying close enough attention. Make an inference.
robinandthe7hoods
2月前
Microsoft stock price when Windows 2.0 came out the stock price was $0.32 when adjusted for rights shares,bonus shares,stock splits etc...And it was generally considered a work in progress.
In 1996,when announced the Linux operating system,the adjusted stock price was $0.25.
When the beta version of Android was released by Google,it took 10 months before the commercial version was released for the public.
All of this should put Verses in perspective.They are exactly where all the other major operating systems and companies owning them were in their build up to release.
robinandthe7hoods
2月前
I have seen soooo many companies like this just struggle in their buildup like the gambling stocks,Crypto stocks,IT/Computer stocks in the 90s,marijuana stocks 10 years ago.The smalltime investors like those here would just whine about the losses they were taking every day.
Then the first big contracts showed up,a huge company would buy a piece for 10s of millions,and then the company took off and the stock price went parabolic.But it only took off because it was READY to take off.These buildups take a long time.Verses is almost there.The company and industry looks at it in terms of months and years,where smalltime investors look at it in terms of minutes,hours and days.
robinandthe7hoods
2月前
Some people seem to think Verses is out of the 'Prove it' stage.They are not.A beta program is when they are trying it out on the public,or in this case the business world,to see if it works on an every day basis.
They are about to try and 'Prove it' is better and faster and cheaper than other AI by going up against the same Benchmarks every other AI went up against.
They are in their first 'Experiment' in Abu Dhabi to try and 'Prove it' can work in the real world where everything else is moving at the same time.
These are the last stages of the 'Prove it' period,but this is trading at .46 because we don't have millions of users or even any contracts with big companies for our product.
Until this gets through this 3-4 month period,you can whine all you want about the company and Gabriel Rene,and the shorts,and other posters,but it hasn't proven itself to the business community,or the AI world yet.
This is a gamble for every investor,the insiders too.Nothing is guaranteed.But,based on the IEEE,Gartner,G42,Analog,many names in the AI space,the odds are good that at some point soon,a big turn around should come.But,ONLY after it proves itself.
Ask yourself this.If huge companies like MS,Google,Apple etc had spent 100s of billions on LLMs and lost billions on them already,don't you think they'd have to see absolute proof something like Genius has discovered the real AGI,before they abandon the other models,or at least reverse course and look to add something like Genius to the mix to finally achieve their goal instead of spending billions more on outdated models?
This is worth .46 because it is still an idea.But,it is an idea Sam Altman was terrified to give any publicity to.Because if it proves itself,it might just make models like Open AI obsolete in a hurry.
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crazyflavor
3週前
