Verses AI Inc (VERS) 銘柄情報

talk to yourself much

Imo,there is no way they would have started the Abu Dhabi experiment if Genius wasn't a major success in the warehousing beta testing.Iaf it wasn't working there,there would be a delay in auditioning Genius in a highly challenging public environment,as they corrected any problems with Genius,or it wasn't working at all.
We haven't seen any of that,and the Benchmark Tests are just about ready to roll.
Just the fact they are comfortable starting in Abu Dhabi tells me everything is right on schedule and the Benchmarks will easily be reached just as they outlined,98% or greater accuracy,with 50% or greater efficiency on 90% less data.
They wouldn't have thrown those numbers out there already unless they had already tested it themselves and achieved these targets,otherwise they'd have been very conservative and then pumped the barely better usage numbers as the Holy Grail like all the LLMs do.
I wonder if they start releasing the Beta testers results right after the Benchmark results and really pound the success into the public eye,and then have Abu Dhabi on the go to put the finishing touches on the complete success of Genius before they announce production plans?

Some people seem to be concerned with the fact that Genius may be in beta through to the 2nd Quarter next year.But,often,software remains in beta in perpetuity so they can continue getting feedback even while the product is being sold to the public.
From what I've been able to research,they are in the same timeframe as Open Ai with their ChatGPT release and most other products that took years to develop.
Imo,they are just about ready to unleash Genius to the public.This fall and early winter is the final timeframe needed.

According to Denise Holt's latest article,the UAE wants the whole city of Abu Dahbi to become a Smart City.The taxi contract is just the first one.If that works,then they move on.
In the beta testing,they are proving Genius works in a basically stationary environment in warehouses.Now,Abu Dahbi is the big test,where all the parts are moving at every moment.If they prove they can do it,they would be the only ones who have been able to accomplish anything like it,and it won't be with 1000s or even 100s of IT people running,it will basically run itself,on laptop computers,without the need for $100 billion LLMs that suck up water and power by the bucketload.
Imo,G42 and Microsoft,using Analog,is giving Verses their chance to prove their claims that they have achieved AGI.
But,why would you invest 100s of millions into something no one believes can be achieved any time soon?That's why I think no one has jumped all in on Verses yet.
This is their biggest test yet.If the taxi test works in a moving environment,then they start to prove to everyone they have something truly unique.
Maybe the whole city is the test,but maybe it's the taxis,and then the rest of a major contract comes if they prove that out.
Google tried something like this and failed miserably a few years back.I think we may be on the cusp of something truly earth shattering if they are successful with Abu Dahbi.Jmo

100%

💯

I used to have similar positive thoughts on such things as being possible, but I think reality finally sets in when you start to see the company do one lousy financing round after another, while companies like Microsoft, G42, and others sit by and watch as the company struggles to get by, and the stocks continue to crater.

I just don't see them as looking at Verses as a serious answer to anything at this point or even in the near future, including the spatial web. If they did, I think we would have seen some sort of traction in the markets by now, and more importantly, a real infusion of $$$$.

In the last corporate update,Gabriel Rene said that the Benchmarks were just one of the criteria for the $350 million investment by G42.Just wondering if the success of this project with Analog would be the second one.
G42 has the building of smart cities as a big part of their business model.Verses has shown they can make difficult schedules with Genius,and they are in the process of proving they can use it with success in warehouse planning,which can be difficult.
Maybe proving it can work in real world city environments is the final benchmark.
Sure is funny that On January 18,Analog is launched at the AI House in Davos and the same day Verses teams up with them to turn cities into smart cities.Then,by March Kipman is an advisor to Verses.
What if Microsoft created Analog to advance what Verses was claiming they could do with Genius?
G42 has had many meetings with the Biden Administration on the safety of AI and separating themselves from China,and Biden was the one who got Microsoft to invest $1.5 billion with G42 to cement their partnership with the US.A big part of the agenda of the WEF and the proposed One World Order is smart cities throughout the West.
Is Genius auditioning for Analog or was Analog created to test the real world capability of Genius and whether the Spacial Web has actually been created?If so,it is a step many thought wouldn't be ready for 10 years or more,so Verses has to prove itself.

you tell that bitch gurl friend

"The registering of the Shelf Offering is a move often seen for companies just before they uplist"

^ LOL 😂 Do you know how many companies file a shelf offering and DON'T uplist? How do you know it's not a way for them to surreptitiously dilute shareholder?? Sneaky dilution seems MUCH more likely since Verses doesn't have the ability to uplist because they are nowhere near the minimum qualifications.

It appears that Verses is getting ready for an uplist at some point...The registering of the Shelf Offering is a move often seen for companies just before they uplist.
LWLG was one such company.In 2021 they filed a Shelf and in connection with an uplisting to the NASDAQ.
GAME and MIGI are others.
The ArcStone-Kingswood Summit 2024 just attended by and presented at by Verses AI was a conference for companies looking at uplisting,cross listing etc,so the dots are connecting.

One lawsuit judgment has already been entered against Verses and Rene for unjust enrichment. So I wouldn't be so quick to assume "bad employees are suing the company". It seems like you're trying to obfuscate the truth, or maybe you just have "press secretary" motivated reasoning, relative to your own confirmation bias, in your (lying brain) cerebral cortex. Just bc you want something to be true, doesn't make it so.

Generally legal counsel looks at those lawsuits and makes a judgement on whether or not their is likely going to be an unfavorable outcome. The fact that is being reported in the financial statements should give you some pause. Aka there’s a better than 0 chance this ends badly

This was from the web page of the ArcStone-Kingswood Growth Summit 2024 attended and presented at yesterday by Verses AI...Doesn't mean anything but found it interesting...Also that they set up the PP and Shelf just before attending...Appears to me they worked with ArcStone before they went to put everything in place.Jmo

Why This Summit is a Must-Attend
This premier event is a must-attend for corporate issuers looking to navigate the complexities of American and Canadian tier 1 exchanges. Our summit offers unparalleled access to insightful sessions and expert-led panel discussions that explore all aspects of listing, cross-listing, and uplisting processes. Attendees will gain invaluable knowledge from industry leaders, network with key stakeholders, and discover strategic insights to enhance their market presence. Investing in this summit means investing in your company’s future success on the global stage. Don’t miss this opportunity to elevate your business.

I wouldn't worry much about a frivolous lawsuit like that.Every company has to deal with workers who never show up,try and bilk them out of health insurance etc.In unionized companies,the unions have to try and protect lazy people and can sometimes come to some sort of agreement with the company if they take it far enough.
This person most likely deserved to be canned,but now is broke so they'll try their luck in a lawsuit.Either the company makes a deal to make it go away at a few weeks pay,or they make the plaintiff drag it into court and see if the lawyer says the hell with it.

I don't know, but the possibility of an M&A did come to mind. Not sure what would fit, in that sense.

Either way, I find it very odd that they would need funding after funding, when they supposedly had a 350M funding lined up with G42 that was also supposed to amount to a much higher valuation. All of these other funding options are just killing the shareholders valuation.

In the most recent filings with the SEC today, I found page 41 to be intriguing, as it appears that a former employee of the company is seeking significant damages.

Wonder what's coming up that they do a $100 million shelf 4 days after setting up a $10 million Life PP,which will likely be oversubscribed?And the 1st tranche comes on the day of their presentation at the ArcStone-Kingsway summit.
The Shelf would have been arranged under the guidance of Arcstone-Kingsway.
So what is the plan?Acquisition/merger to drive up the stock price?Something else is coming.

They didn't mention anything about allocation for contracts, in the filing with the SEDAR; if they did I missed it. A chunk of its intended for the benchmarks, which have already been delayed and taking forever. Roughly 10% of the amount is allocated to the two co-founders of the company.

As for Intermap, based on their market cap, I'm assuming that the hundreds of millions in expected revenues from InsitePro never amounted to anything; kind of like those monster mapping service contracts from years back expected to have huge payouts.

I can only assume that because they're seeing more contracts in the present, that there's a likely need for hardware upgrades and possibly even additions to the fleet. I'm not an aircraft expert, but I know that they're not cheap to maintain and operate.

As for their CEO, I know there are plenty of investors that have had little use for him over the years.... assuming its the same guy.

The story is great, the results have not been (considering the cash burn & decisions made)

DSHJDHS...As Gabe said,"Hold onto your hats!"

the final two sets of benchmarks will a profound effect on the AI landscape.Here is why..

1-https://www.windowscentral.com/software-apps/openai-ceo-sam-altman-admitted-gpt-4-kind-of-sucks-and-now-we-learn-the-ai-model-consumes-up-to-3-water-bottles-to-generate-a-mere-100-words
2-https://oilprice.com/Alternative-Energy/Nuclear-Power/Three-Mile-Island-Nuke-to-Reopen-with-Microsoft-Contract.html

They will be presenting at the Arcstone-Kingswood conference tomorrow.This PP will be oversubsrcibed,possibly up to $12 million.It should be announced in the next two weeks.
They will be using the money for the execution of contracts,of which they have said will be a string of,and working capital for that execution.
Intermap went through this exact same scenario when they started getting their Indonesian and US Air Force contracts.
The stock will rebound all the way to at least $1.20 because that's where the newest warrants hit,just as Intermap's stock did.
Gabriel Rene will most likely come out with another Quarterly interview in the next couple of weeks to explain all that is happening.

its like magical poo

I fell into yet another trap. PENNY stock BS.

Check out the 20:30 mark in this video, and then 52:30. They were claiming they had the next big thing in AI within weeks away from being released into BETA last summer, and showing investors slides of ChatGPT and other big chatboxes and their quick rise of massive numbers of subscribers, to try and entice investors into believing they didn't just have a product, but the next big thing to compare to these other names. What a joke.

But hey, at least the Co-founders and the rest of the staff get paid, while not one of them bothers to mess with insider purchases of their penny stock.

Shareholders have always taken a back seat with this company, and I don't see that changing anytime soon.

Well the good news, is that they've cut way back on the promotional BS, as they simply don't have the funds for it.

It used to be where they might have six or more months worth of financing most times, but not anymore. Its now quarter to quarter, and apparently the hype around G42 and its desire to fund operations while taking a portion of the company at a much higher valuation was just that. Now they're having to rely on LIFE offerings of a penny stock that's about to head much lower unless they add meaningful revenues, which is highly doubtful. These LIFE offerings allow Canadian entities to have stock offerings which have no holding periods, and my interpretation is that its a potential form of death spiral financing.

So why didn’t they stay private? I don’t buy the they wanted to give the avg person a chance. Also paying stock promoters looks really bad too.

Oh and while we're talking about that wonderful filing, I can't help but point out that they list all funding costs as being "compromised", as opposed to comprised. How ironic, wouldn't you say?

Compromised of costs from the research and development team to reach the standard of 98% accurate handwriting
recognition from a standard set of handwriting samples. The plan is to achieve 98% or greater accuracy in this standard
test, but do so with 50% or greater efficiency (measured in power consumption, processors used, and time to complete)
than the current next best alternative.
(2) Compromised of costs from the research and development team to reach the industry test for AI to demonstrate
learning capabilities. This benchmark test demonstrates how quickly an AI system can learn to play the original 26 Atari
games.
(3) Compromised of costs of the engineering team to reach additional milestone releases for the Genius Beta program as
new features and capabilities are added and the Beta program expands, and cost of engaging additional support staff
in connection with new curated commercial projects.
(4) Compromised of development costs associated with the effort to make the Genius product publicly accessible. This will
require operations infrastructure, support staff, and customer service level agreements; and costs associated with
integrating the results of research milestones into Genius.
(5) Compromised of the cost to make the Genius Agents and an agent framework that integrates agents from VERSES and
from VERSES’ partners that can be used to solve specific customer problems.
(6) Compromised of salaries and related costs for the sales team and consultants to support sales of the Genius strategy.
(7) Compromised of costs of financial advisors ($135,630), third party marketing strategy teams and investor relations
($202,370).
(8) Compromised of salaries and related costs for the CEO and President ($1,035,976), CFO ($388,884), accounting team
($501,086), Board of Directors ($324,324), human resources team ($253,220), IT team ($257,096), internal counsel
($386,781), external counsel ($643,243), software subscriptions ($202,703), travel expenses ($182,432), D&O insurance
($559,111), stock exchange-related costs ($81,081), rent ($63,554), and other general administrative purposes
($79,904).

According to the filing (page 9), the co-founders will be "earning" just over 1M off this latest amount raised, or about 10%. They've been raking it in for years financially with this, and one would think that with both the US and Canadian stocks trading for pennies on the dollar, that it would represent such a great opportunity to show investors that they believe in their own company buy purchasing shares on the open market. I guess when you're already loaded with so many freebie shares its pointless to them, but to everyone else that puts their hard earned money into this POS it's just another huge red flag, blowing in the wind.

And what is that Mapes does with this company that earns him a dime, anyway? Is he still doing field trips around the country or globe, talking about the evolution of mankind from apes and pond goo? I'm embarrassed to admit that I used to believe in this clown show. Friday's filing fills us all in what the focus really is all about, and just how far off this company is from literally any sort of relevancy. I'm wondering if it was required for the raising of funds in this latest round, as they're literally having to raise about 10M every quarter at this point just to keep the damn lights on. It looks like there is no lockup period for the shares that are about to hit, either. One thing is for certain. If those MNIST and Atari "Milestone" benchmarks don't amount to anything with G42 by the end of this year from a valuation/funding standpoint, there's going to be pandemonium amongst the investment community as both stocks continue to crater.



Compromised of salaries and related costs for the CEO and President ($1,035,976), CFO ($388,884), accounting team
($501,086), Board of Directors ($324,324), human resources team ($253,220), IT team ($257,096), internal counsel
($386,781), external counsel ($643,243), software subscriptions ($202,703), travel expenses ($182,432), D&O insurance
($559,111), stock exchange-related costs ($81,081), rent ($63,554), and other general administrative purposes
($79,904).

All of these companies burn through cash at an elevated level.Every IT company,let alone the high-flying LLMs go through a lot of cash just retaining their talent.
Just look at the names working with Verses,then you have all the ones in the background.
$10 million goes extremely fast.These people aren't working for $30/hr.The top end guys are earning in the high hundreds of thousands to a million.Then,are you paying any or all of these high end companies in your Beta program?
There is nothing cheap in running one of these fledgling companies.Most of these companies stay private until they are at the revenue stage,and go through 100s of millions to billions before they ever go public.

oh no down tu .25 weeee

https://www.verses.ai/press-2/verses-ai-inc-announces-life-private-placement-offering

These guys are burning through cash like their in a rap video

vrssf is down like a turd

Verses AI to give a presentation at the Arcstone-Kingswood Growth Summit on September 26.
https://www.arcstoneglobalsecurities.com/growth-summit

Yes, I think that was the plan based on the press releases. I was in a similar situation 25 years ago. The CEO gave a large retainer to a broker/dealer to raise capital or bring in a strategic alliance for a start-up company I was working with. They didn't do squat. I eventually went out and did it myself. I was dedicated and a true believer. The middlemen just want to get the up-front money and hope something drops out of the sky without expending any major effort. I hope the management team at Verses knows what they are doing. I'm quite sure I could have arranged something of significance by now. Just saying...........

The joke was on us as investors, as usual. There are those that defended the CEO's remarks, but when you post that maybe you can/can't comment by the end of the month, then you really are full of shit, and clearly wanted to mislead for some reason. They had absolutely zero ties with that company, but wanted to give the appearance that something big was in play, when in reality all it was is another promotion of a software that's continuously hyped but never actually available to anyone.

Months ago they claimed to have begun a large public beta of their Genius product, and where is it? Where is any of it?

Isn't that what G42 was supposed to be about? We kept hearing about how they would value the company in the billions with upcoming financing in play, but to date they haven't bothered with it, despite the company's cash burn rate and need for funding each quarter.

I like moving Mr Samit out of Chairman role to focus on developing partnerships. IBM, SAP, HPE and many others need a technological refresh! Sell 2% of the company to someone at a major premium to get the ball rolling.

If they were working with OpenAI and a part of Strawberry, the stock wouldn't be trading for pennies.

All of the messages on social media are a joke.

The more I look at those two tweets, the more I realize it was a filthy pump. Post a monkey and a strawberry and a butterfly, price spikes to near $1.00, 7+ million shares get added to the OS during that timeframe.

What don’t you understand about “Strawberry doesn’t use Active Inference”? Seems the semantics are very clear here.

The more I look at those two tweets,the more I'm thinking Strawberry and Genius are intertwined after all...Why the play on words at the exact same time as Altman again,and why not just refute the rumors 3 weeks ago,or even yesterday,instead of playing around?
And why would G42 bother putting that clause in the June financing before the public beta was even announced unless there was something else in the works that could potentially bring in revenues,and thus a huge financing.
And why would the govt bother with just another glorified search engine?
Why would Microsoft,Nvidia and Apple talk about throwing more billions at Open AI when they are losing billions,unless there is something that looks promising,other than just a new search engine,in the works.
There is a rumor that Strawberry will be released in January.Basically the same time as Genius is set to go public.
Hard to get all these coincidences out of my head.
And Gabriel Rene being so cryptic for no reason if they weren't connected.
'I'll see you on the field!'....Really?

some bidding doofus

13 hours ago,Sam Altman tweeted this,"Sam Altman
@sama
·13h
we are happy to have reached an agreement with the US AI Safety Institute for pre-release testing of our future models.
for many reasons, we think it's important that this happens at the national level. US needs to continue to lead!"------------
One hour later,Gabe tweets this,"Gabriel Rene
@GReal1111
·11h
Here's my comment: Everyone is starting to realize that Active Inference is needed for efficient online reasoning, planning, and learning. Strawberries don't do that. Geniuses do it well. See you on the field."
So,Open AI let the govt safety board take a look at Strawberry and they determined there was no safety issue for national security and they will allow it to proceed for public use.
The govt has confirmed that Starwberry is not AGI,just another search engine for language.
So,now we know Verses AI is not involved with Strawberry,and Gabe has confirmed again we are the only true AGI.
All these companies are talking like they have AGI in their new products,but not one of them does...They can not reason,plan,or learn,they can only repeat what was put in.Search engines.
LET THE BIDDING BEGIN!

So you’re not going to really answer if you have a real position. I’m assuming you own less than 1,000 shares

“ A final arbitration award was issued on this action on May 17,
2024. The final award imposes liability against: (i) VTU, jointly and severally with Cyberlab, LLC (a company owned by Dan Mapes, President of the Company), in the amount of US$6,307,258, inclusive of interest; and (il) Cyberlab, LLC, VTU and its principals, Gabriel René and Daniel Mapes, jointly and severally, for damages in the amount of US$1,900,000, interest of US$709,973, costs of US$64,303 and the fees of the plaintiff's counsel totalling US$920,231. To resolve their part of joint and several liability, Mr. René and Mr. Mapes are working toward satisfying the portion of the award that applies to them as individuals. The remaining liability belongs to VTU and VTU is pursuing resolution negotiations which are ongoing.
As any litigation is subject to many uncertainties, it is not possible to predict the ultimate outcome of this claim or to estimate the loss, if any, which may result. Accordingly, the outcome of the claim is not yet determinable, and the extent to which an outflow of funds may be required to settle this possible obligation cannot be reliably determined.”

I believe that a large amount was set aside previously to cover the lawsuit. Thats why the last quarter expenses weren't as high as the previous.

Its a plus for them, but the burn rate is still high and now they show zero for revenues as they allowed NRI to be free from under their contract, before signing a new one.

If you consider yourself an analyst which it sounds like you do, you should have a nice big chunk of shares.

If you’re not willing to disclose whether you have more than 10,000 or 5,000 shares considering the enormous amount of money Verses has paid for you to promote their stock, than you should at least disclose here (on IHub) that you are being paid or have been paid by the company to promote their stock.

Btw, your disclosure on YouTube makes it look like your contract with Verses (for promotion) ended Sept of 2023. If they are still paying you then you should probably update your disclosure. Your statement “additional cash payments have accrued since then” doesn’t state if the company is still paying you $10k per month or not.

Oh, you’re definitely a paid pumper. Nobody takes that much time to find that many links to (quasi) relevant articles, unless they’re being paid to do so.

Being up ~200% on a risky penny stock investment and holding it nearly back to your supposed entry price, is not something to brag about. You should learn how to trade and build a position. If you had sold at the top you could have had an identical position, with zero risk.

There is no liquidity here. OTCN and VIRT present the SEMBLANCE of liquidity with BID SPOOFING. They bagged me trying to limit my loss from the .80s. Every time I tried selling into a bid that looked ample to accommodate, they immediately lowered the bid and either only filled a TINY portion of my sell order, or they didn’t fill anything and lowered the bid. The volume only changed by what I sold, so I know it’s illegal bid spoofing. They have been reported to the SEC, in case you’re wondering.

I started buying Verses January '23 and have added several times since.

I have NEVER sold a share.

Verses is a very speculative investment.
They are competing with some of the biggest players in the space but have taken a different approach to the ultimate goal, AGI.

I view this like ANY startup (very risky and requires patience), but it differs in the size of the market they're going after AND it is very rare in that with this investment, it offers liquidity (which MANY of the AI startups I follow DON'T).