VERSES AI VRSSF CEM Montreal Summary
VERSES AI VRSSF presented at the Capital Event Management in Montreal. This is a summary of things we heard and opinions.
Published: June 25, 2023 | Published By: Real Creative Agency
VERSES AI VRSSF CEM Montreal Event Summary
Here are some of the nuggets we picked up from this past weekend at the CEM in Montreal and releases this week.
They come from 18 presentations with investors (money managers, family office/high net worth etc) and an interview with Maxwell Ramstead (Dir of Research at VERSES AI).
Two major news items set the stage.
McKinsey ups the number to 25T for AI GDP (link)
Our friends at the IEEE highlighted the ai intellectual problem that VERSES AI can solve.
There are numerous companies that USE AI, but VERSES is the only public company with a patent-pending next generation of artificial intelligence.
Common question. “What is your revenue?”…valuations will ALWAYS leapfrog a high growth revenue company.
(Our explanation) The top 3 competitors to V (OpenAI took 3 years and almost $3B to generate their first $3M. Anthropic AI has raised $1.3B with a valuation of $4.1B with NO REVENUE. Cohere has raised $435M with a valuation of $2.2B..has NO REVENUE).
Is VRSSF the most undervalued AI stock?
With just $40M in funding, VERSES has built 2 killer AI apps, signed a $26M contract from their FIRST pilot, developed an artificial intelligence operating system, 2 next generation network protocols which are being developed into a worldwide standard IEEE, filed patents around a next generation ai solution, hired the top 15 AI researchers in the world (including Dr. Karl Friston), formed a partnership with the largest warehouse solutions provider (starting with 1 application and turned into ALL of their solutions), wrote a white paper with the world’s largest law firm for AI governance
E=mc2 is the equation for physics. Dr. Karl Friston has effectively defined the “E=mc2 for intelligence.”
Dan and Gabe’s gift to humanity is HSTP & HSML, the “guardrails for AI”..and they gave it away.
VERSES AI is replicating how humans think in software..they have built “thinking software”
KOSM is an AI that will work on YOUR DATA
Machines/electricity took out the PHYSICAL labor, AI takes out the mental labor.
Blue Yonder. The partnership with BY is expanding. Investors should refer to the press release in May. “The WAYFINDER Intelligent Routing Agent is the first in a series of Intelligent Agents that VERSES is developing in collaboration with Blue Yonder”…BlueYonder website confirms ALL 4 V’s products now available through BY
VERSES AI builds cognition in computing
AI is the largest total addressable market (TAM) in technology history
V has designed how to program human context into digital…created a common language for AI
NO CO has a “Google for their business”..Verses’ GIA is a “Google for their business but doesn’t just show you where the info is, but explains what it means”….we have an extensive report coming up about how VERSES’ Explainable AI (XAI) is like Google’s PageRank to web search. Subscribe to get notified when it comes out.
GOOG is valued at $1.5T for delivering ads for finding info on 5% of the Web. What is the value of unlocking the other 90+%?
GIA is like having the smartest executive assistant for every employee in your company.
ChatGPT valued at $29B uses outdated AI for 5% of the Web.
GIA is valued at $350m and uses next generation AI for 90% of the Web.
ChatGPT is trained on indexing the Web, NOT your data.
VERSES’ Explainable AI is to artificial intelligence what Google’s Page Rank is to web search.
The company’s “secret sauce” is HSML + Active Inference
Dan and Gabe predicted everything happening today in AI..5 years ago in the Spatial Web book.
Veterans of Silicon Valley plus the top computer neuroscientists.
Verses created an easier, 1000X cheaper way to make true intelligence
Created artificial intelligence that can teach themselves.
HSML puts unstructured data into a structured format, and KOSM delivered the relationship in the data in a natural language interface….
OUR SUMMARY: think of a ChatGPT like application that can be used for YOUR DATA with realtime answers.
Example. A company has numerous databases (human resources, legal, manufacturing, inventory, commerce, marketing etc). All of these databases are in “silos”, so they don’t “speak” to each other and are in different formats.
What VERSES does is take ALL of data in these databases and put all of the data into one “box” and adds their Explainable AI…
Ask a question about your company, which can include any employee, department, contract or figure, and get answer…this is the “holy grail for enterprise”…NOBODY CAN DO THIS.
GIA is like getting answers like ChatGPT BUT from YOUR DATA.
HSML pretrains data for AI
Active Inference doesn’t require the use of a ton of GPUS
HSML is a language for describing the structure of data for AI. KOSM is the AI system that explains the relationship of the data
It is VERY difficult to invest in TRUE AI, investing in VRSSF makes it easy.
VRSSF is VC AI startup in a public market
VERSES AI VRSSF:
- Faster (no need for NVDA chips)
- Cheaper (no need for training)
- Conforms to EU regulations
- Market oppty is almost 20X of ChatGPT
“Our patent standardizing AI is worth more than ANY contract”
“We feel our standards approach to AI is extremely valuable”
Dan and Gabe built a holographic database which became the foundation for the Human Genome Project.
Interview with Dr. Maxwell Ramstead Dir of Research
We’ve created software that can think..that can run on almost any processor.
Active Inference understands what’s causing the data.
KOSM is a data pipeline for HSML.
Active Inference is to the 2020s what neural networks were to the 2010s
What V has done is understand how the brain works and created algorithms around that….how the brain works into code.
HSML turns content into context…it can tell what’s causing the data, what’s going behind the data.
The company has disrupted the core architecture of computing, which eliminates the need for high end Nvidia GPUS..they hope to share this method and product in Q3…Moore’s Law disruption?
Blue Yonder now lists ALL of VERSES’ products on their site (WF, GIA, KOSM, KOSMOS)…
Let’s do the math Estimates $300m-2B in 3-4 years with WAYFINDER…and DATALENS (GIA) contracts are expected to be at least 10X of a WAYFINDER contract?
Did adding these additional products to BY lineup delay revenue?
IEEE Final Draft expected to be submitted by end of 2023
Darin Bunker, joins VERSES as the Director of Engineering.
Why would this guy leave his position as Head of Software Engineering at Elementum, for V?
Elementum is the only Snowflake-native, no-code business process automation solution that effortlessly transforms data into automated workflows…lets look closer ok?
Elementum unleashes the power of machine learning and generative AI on your Snowflake data. Engineered for dynamic anomaly detection, predictive future values, and actions.
What if Darin and the V team could build the same solution but uses Adaptive AI/KOSM?
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