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Verses AI Inc N.VERS

Alternate Symbol(s):  VRSSF | N.VERS.WT.A | N.VERS.WT.B

VERSES AI Inc. is a Canada-based cognitive computing company specializing in intelligence software systems. The Company is primarily focused on developing an intelligence-as-a-service smart software platform, Genius, through its subsidiary VERSES Technologies USA Inc. (VTU). Its flagship product, Genius, is a toolkit for developers to generate intelligent software agents that enhance existing applications with the ability to reason, plan, and learn. The Genius allows developers to generate world models and intelligent agents that enable optimal and hyper-personalized predictions, recommendations, and automations. The Genius is a world model that stores knowledge in a multidimensional probabilistic vector-graph representation that factors uncertainty into predictions. It generates an ecosystem of many specialized autonomous intelligent agents, each having a shareable world model (like a mental model), that optimize for certainty while seeking balance in the system overall.


NEO:VERS - Post by User

Post by StockHawk1on Jul 26, 2022 5:17pm
116 Views
Post# 34852227

VERS.n's Wayfinder tech close to doubling efficiency at NRI

VERS.n's Wayfinder tech close to doubling efficiency at NRI

After initial and overwhelming success at select NRI distribution centres,  VERSES' (VERS.n) spatial order picking software, Wayfinder, was recently deployed to all eighteen NRI North American centers.


At NRI centres Wayfinder has improved picking, provided AI reorganizing the slotting of products, and more. 


Overall VERS' tech nearly doubled the efficiency at the NRI warehouses it was initially deployed to resulting in $8M of annual savings for NRI. 


With the expanded deployment VERS will receive ~$2.5M per year for the next 10 years from NRI.


VERS.n closed in the green again today @ $1.04, MC is 46.352M


https://www.globenewswire.com/news-release/2022/07/19/2481735/0/en/VERSES-Expands-Deployment-of-Smart-Logistics-Solution-across-NRI-s-Global-Operations.html

 
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