Investors should pay close attention to next-generation intelligent software companies, like VERSES AI (CBOE: VERS) (OTCQB: VRSSF). With an application to uplist shares on the Nasdaq Capital Market, it’s also getting set to commercially launch its flagship Genius™ platform.
“The private beta phase of Genius allowed us to validate its applicability across diverse use cases, including autonomous vehicle safety, fleet optimization, fraud detection, credit risk assessment, financial market modelling and medication efficacy,” said Gabriel Rene, the founder and CEO, as quoted by Mugglehead Magazine. “Rene stated that Genius’s domain-specific models offer superior accuracy and reliability compared to general-purpose LLMs, effectively meeting key market demands and resolving AI’s ‘last-mile’ challenge—an innovation they see as essential for broad adoption and real-world impact.”
Not only is that substantial news for VERSES AI, but also for leading tech companies such as Nvidia (NASDAQ: NVDA), Palantir Technologies (NASDAQ: PLTR), Advanced Micro Devices (NASDAQ: AMD) and Alphabet (NASDAQ: GOOG).
VERSES AI (CBOE: VERS) (OTCQB: VRSSF) Also Promoted James Hendrickson to President and Chief Operating Officer
VERSES AI Inc., a cognitive computing company specializing in next-generation intelligent software systems announces that James Hendrickson has been promoted to the role of President and Chief Operating Officer (COO) of VERSES AI.
“James has demonstrated extraordinary leadership and operational excellence since joining VERSES,” said Gabriel René, Founder and CEO of VERSES. “As we prepare for the expected commercial launch of our flagship Genius™ platform, I believe James’ experience of scaling up tech operations will be critical. I believe his background at both large enterprises, like Honeywell, and small start-ups, like Berkshire Grey which eventually became listed on the Nasdaq, will help our Company to navigate the next stages of growth.”
“I’m honored to take on this new responsibility during such a pivotal time for VERSES,” said James Hendrickson. “My top priority will always be ensuring that we design and bring quality products to the market that our users want and need and to create value for our shareholders. I believe the anticipated commercial launch of Genius will open many opportunities across industries, including where I have seen Genius already achieve success such as telecom, financial services, transportation and logistics, and technology.”
The Company is also pleased to announce Dan Mapes is leaving his role as President and has been appointed President Emeritus and Director of Global Development where he will continue to work with global partners and thought leaders on furthering the VERSES mission.
“I thank Dan for his contributions as a founder of the Company and look forward to continuing to work together in his new role,” continues Mr. René.
To learn more about Genius, please visit: https://www.verses.ai/genius
Other related developments from around the markets include:
Nvidia reported revenue for the fourth quarter ended January 26, 2025, of $39.3 billion, up 12% from the previous quarter and up 78% from a year ago. For the quarter, GAAP earnings per diluted share was $0.89, up 14% from the previous quarter and up 82% from a year ago. Non-GAAP earnings per diluted share was $0.89, up 10% from the previous quarter and up 71% from a year ago. For fiscal 2025, revenue was $130.5 billion, up 114% from a year ago. GAAP earnings per diluted share was $2.94, up 147% from a year ago. Non-GAAP earnings per diluted share was $2.99, up 130% from a year ago.
Palantir Technologies announced the successful deployment of its specialized technological solutions within Societe Generale, a top tier European bank, for its international retail banking activities. The solution deployed relates to cutting-edge technologies ensuring the highest standards of security and data integrity. The partnership sees Societe Generale, integrate Palantir’s state-of-the-art Anti Financial Crime solutions, tailored specifically to address the challenges faced by international financial institutions today. Built on Palantir Foundry, this suite of solutions includes advanced analytics, machine learning algorithms, and comprehensive risk assessment tools designed to detect, prevent, and mitigate financial crime’s risks such as money laundering or fraud.
Advanced Micro Devices unveiled the highly-anticipated AMD RDNA 4 graphics architecture with the launch of the AMD Radeon RX 9070 XT and RX 9070 graphics cards as a part of the Radeon RX 9000 Series. The new graphics cards feature 16GB of memory and extensive improvements designed for high-quality gaming graphics, including re-vamped raytracing accelerators and powerful AI accelerators for ultra-fast, cutting-edge performance, and breakthrough gaming experiences. The RX 9000 Series, powered by the new AMD RDNA 4 architecture, offers gamers and creators a powerful blend of performance, visuals, and value. These advanced graphics cards redefine incredibly fast, high-resolution gaming with third-generation raytracing technology enabling realistic lighting, shadows, and reflections to deliver immersive gaming experiences while integrating a suite of AMD features to maximize hardware utilization.
Alphabet announced financial results for the quarter and fiscal year ended December 31, 2024. Consolidated Alphabet revenues in Q4 2024 increased 12% year over year to $96.5 billion reflecting robust momentum across the business. Google Services revenues increased 10% to $84.1 billion, reflecting the strong momentum across Google Search & other and YouTube ads. Google Cloud revenues increased 30% to $12.0 billion led by growth in Google Cloud Platform (GCP) across core GCP products, AI Infrastructure, and Generative AI Solutions. Total operating income increased 31% and operating margin expanded by 5% percentage points to 32%. Net income increased 28% and EPS increased 31% to $2.15.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for VERSES AI Inc. by VERSES AI Inc. We own ZERO shares of VERSES AI Inc. Please click here for disclaimer.
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