Five of the Top Artificial Intelligence Stocks to Buy Now May 25, 2023 - Baystreet.ca The artificial intelligence story is fueling a massive rally in tech. But it’s far from over. In fact, as AI revolutionizes just about every industry out there, it could create a $1.81 trillion opportunity, says Grand View Research. Just look at Nvidia (NASDAQ: NVDA) earnings, for example. According to CNBC, “Nvidia’s strong performance in data center shows that AI chips are becoming increasingly important for cloud providers and other companies that run large numbers of servers.” In short, we’re looking at what could be a massive opportunity for companies, like VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF), C3.AI Inc. (NYSE: AI), SoundHound AI (NASDAQ: SOUN), and BigBear.AI (NYSE: BBAI). Look at VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF), For Example VERSES Technologies, a cognitive computing company specializing in the next generation of artificial intelligence, is pleased to announce the filing of a patent application covering a milestone invention for automating the generation of intelligent software agents directly from data sets that can interact with both software and hardware systems, such as robots, drones, sensors, and actuators. Today's Generative AI and Large Language Models (“LLM"), such as OpenAI’s GPT, Google’s BARD and Meta’s LLAMA, excel at creating content based on patterns inferred from their training data. However, their comprehension of underlying data remains rudimentary, mimicking rather than understanding, and they lack the ability to incorporate to new information post-training. This can produce inaccurate, biased, and potentially harmful responses which have resulted in calls for global AI regulation to ensure that AI can be aligned with human values and goals. With the goal of developing human-centered intelligent agents, VERSES has employed a “neuromorphic” approach to its AI research and software development based on neuroscience research known as Active Inference which simulates the brain's processes for learning and problem-solving. VERSES AI Inc.'s new invention is designed to streamline and automate the creation of 'intelligent agents' or digital taskmasters. The process begins by creating a structured representation of the world, known as an HSML graph, and transforming it into a blueprint for how the agent should behave. This not only brings a new level of intelligence and adaptability to smart systems but we believe also represents a significant step forward in their scalability. Building on this, the next phase of the process tunes the agent to perform within a specific context, such as operating in a drone or vehicle or as a personal assistant or managing a smart home, warehouse, or manufacturing facility. By tailoring the agent to the particular context, task and hardware, the process seeks to create a seamless and effective operation. These two aspects of VERSES’ new invention work together with the aim of creating a more advanced, adaptable, and effective AI system. The result is expected to be a new class of Agents that have the capacity to evaluate and consider their responses prior to making them, and to assess the context of a scenario before determining an appropriate course of action. In essence, to enable AI to be able to “think” before they speak or act and to constantly learn and update their understanding of users, and the domain they operate in. This differs from ChatGPT and related models that are currently on the market, which cannot weigh decisions or update themselves in light of new information. Until recently, the adaptive benefits of Active Inference agents were tempered by the fact that they relied on labor-intensive, hand-crafted methods to encode the generative 'world' model they use for reasoning and decision-making. This limitation restricted the widespread adoption of this approach to AI due to the scalability challenge it presented for real-world deployment. With the recent breakthroughs at VERSES believe this limitation will be overcome, paving the way for the automated creation and adoption of a new generation of adaptive intelligent agents. After years of advanced research and development, VERSES, in a recent series of technical breakthroughs, has successfully overcome this limitation enabling the automated generation of Agents from small data sets. The development of this technology was led by VERSES Chief Scientist, Professor Karl Friston and R&D and engineering teams who have developed a transformative method for automatically generating intelligent software agents directly from domain-specific data that utilize HSML (Hyperspace Modeling Language), an explicit knowledge modeling language currently being developed into the P2874 IEEE standard that enables the translation of any multimodal data set (text, image, audio, sensor data) into a generative “world” model upon which an Agent can reason and act on. The invention not only establishes a foundation for the automated creation of VERSES intelligent agents but also lays the groundwork for “guidance systems” for other AI. These systems are expected to contribute to safer and more efficient operation, better user alignment, predictive accuracy and the potential regulatory compliance of Large Language Models (LLMs) and other foundational models for text, audio, video, IoT devices, cameras, autonomous vehicles and robotics. This patent application reflects the process of this standards-based AI agent generation and forms the basis for VERSES' ongoing advancements in the AI space. The technology is intended to be demonstrated in the Company’s upcoming version of KOSM OS, an operating system for generating and running agents in the cloud or on devices or robotics systems as well as in GIA, their general intelligent agent personal service, expected to be released later this year. The issuance of the patent is subject to receipt of approval from the USPTO. "We believe our latest patent filing marks a pivotal moment in the evolution of AI," said Gabriel René CEO of VERSES AI. "By enabling AI systems to understand and interact with people and the world, we believe our technology has the potential for an era where intelligent, adaptable, and scalable autonomous systems are able to meet complex real-world challenges head-on. The potential applications of this technology and its use in KOSM OS span across industries and regions seeking to leverage smarter and safer AI technology.” In all industries including, but not limited to, manufacturing, logistics, healthcare and education, the Company’s advancement is intended to create more efficient and effective AI solutions through the advent of increasingly intelligent, adaptable, and autonomous systems. The patent application is the latest in a new series related to VERSES' recent technological advancements in the AI landscape. Other related developments from around the markets include: C3.AI Inc. announced preliminary results for its fourth fiscal quarter and fiscal year ended April 30, 2023. All numbers reported are unaudited preliminary estimates. Completed financial results, fiscal 2024 guidance, KPIs, and additional details will be provided on May 31, 2023. “As we began the fiscal year on May 1, the company has never been better positioned,” said Thomas M. Siebel, C3 AI CEO. “I believe we now have broad consensus that the addressable market for Enterprise AI is extraordinarily large; we have nearly 1,000 talented, dedicated employees; the C3 AI Platform is increasingly recognized as the gold-standard in enterprise AI; we have over 40 production enterprise AI applications that offer the market rapid time to value; our C3 Generative AI offerings are being enthusiastically received; our growing market-partner ecosystem enables us to punch above our weight; and with our tried, tested, and proven management team, our august and distinguished board of directors, our strong work ethic, and armed with over $800 million in cash – we are well positioned to accelerate growth, gain market share, attain sustainable non-GAAP profitability, and establish a market-leading position globally in enterprise AI. FY 2024 will be exciting.” NVIDIA reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.82, up 28% from a year ago and up 44% from the previous quarter. Non-GAAP earnings per diluted share were $1.09, down 20% from a year ago and up 24% from the previous quarter. “The computer industry is going through two simultaneous transitions — accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA. “A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process. “Our entire data center family of products — H100, Grace CPU, Grace Hopper Superchip, NVLink, Quantum 400 InfiniBand and BlueField-3 DPU — is in production. We are significantly increasing our supply to meet surging demand for them,” he said. During the first quarter of fiscal 2024, NVIDIA returned to shareholders $99 million in cash dividends. NVIDIA will pay its next quarterly cash dividend of $0.04 per share on June 30, 2023, to all shareholders of record on June 8, 2023. SoundHound AI, a global leader in voice artificial intelligence, announced that it will be welcoming attendees of the National Restaurant Association Show 2023 to experience its best-in-class voice AI. The SoundHound for Restaurants booth #7057 will feature the company’s multi-channel integrated voice platform, which allows customers to effortlessly place orders via phone, kiosk, drive-thru, or any other connected device supported entirely by AI. Live demonstrations will include SoundHound’s flagship drive-thru ordering interface, Dynamic Interaction – a multimodal experience that accommodates both voice and touch input, and responds with audiovisual output. BigBear.AI Holdings announced financial results for the first quarter of 2023. BigBear.ai CFO Julie Peffer said, “In the first quarter, we achieved approximately 16% year-over-year revenue growth driven by key programs with the U.S. Army including GFIM Phase 2. Our disciplined approach to reducing operating costs helped support lowered overall expenses for the quarter. Additionally, we filed a universal shelf registration statement to offer up to $500 million of securities, which will allow us to more easily access capital markets moving forward to support organic and inorganic growth. We expect these key factors will help position us to deliver sustainable revenue growth in the future.” 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 Technologies Inc. by VERSES Technologies Inc. We own ZERO shares of VERSES Technologies Inc. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972Ty@winning.media
Five of the Top Artificial Intelligence Stocks to Buy Now May 25, 2023 - Baystreet.ca The artificial intelligence story is fueling a massive rally in tech. But it’s far from over. In fact, as AI revolutionizes just about every industry out there, it could create a $1.81 trillion opportunity, says Grand View Research. Just look at Nvidia (NASDAQ: NVDA) earnings, for example. According to CNBC, “Nvidia’s strong performance in data center shows that AI chips are becoming increasingly important for cloud providers and other companies that run large numbers of servers.” In short, we’re looking at what could be a massive opportunity for companies, like VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF), C3.AI Inc. (NYSE: AI), SoundHound AI (NASDAQ: SOUN), and BigBear.AI (NYSE: BBAI). Look at VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF), For Example VERSES Technologies, a cognitive computing company specializing in the next generation of artificial intelligence, is pleased to announce the filing of a patent application covering a milestone invention for automating the generation of intelligent software agents directly from data sets that can interact with both software and hardware systems, such as robots, drones, sensors, and actuators. Today's Generative AI and Large Language Models (“LLM"), such as OpenAI’s GPT, Google’s BARD and Meta’s LLAMA, excel at creating content based on patterns inferred from their training data. However, their comprehension of underlying data remains rudimentary, mimicking rather than understanding, and they lack the ability to incorporate to new information post-training. This can produce inaccurate, biased, and potentially harmful responses which have resulted in calls for global AI regulation to ensure that AI can be aligned with human values and goals. With the goal of developing human-centered intelligent agents, VERSES has employed a “neuromorphic” approach to its AI research and software development based on neuroscience research known as Active Inference which simulates the brain's processes for learning and problem-solving. VERSES AI Inc.'s new invention is designed to streamline and automate the creation of 'intelligent agents' or digital taskmasters. The process begins by creating a structured representation of the world, known as an HSML graph, and transforming it into a blueprint for how the agent should behave. This not only brings a new level of intelligence and adaptability to smart systems but we believe also represents a significant step forward in their scalability. Building on this, the next phase of the process tunes the agent to perform within a specific context, such as operating in a drone or vehicle or as a personal assistant or managing a smart home, warehouse, or manufacturing facility. By tailoring the agent to the particular context, task and hardware, the process seeks to create a seamless and effective operation. These two aspects of VERSES’ new invention work together with the aim of creating a more advanced, adaptable, and effective AI system. The result is expected to be a new class of Agents that have the capacity to evaluate and consider their responses prior to making them, and to assess the context of a scenario before determining an appropriate course of action. In essence, to enable AI to be able to “think” before they speak or act and to constantly learn and update their understanding of users, and the domain they operate in. This differs from ChatGPT and related models that are currently on the market, which cannot weigh decisions or update themselves in light of new information. Until recently, the adaptive benefits of Active Inference agents were tempered by the fact that they relied on labor-intensive, hand-crafted methods to encode the generative 'world' model they use for reasoning and decision-making. This limitation restricted the widespread adoption of this approach to AI due to the scalability challenge it presented for real-world deployment. With the recent breakthroughs at VERSES believe this limitation will be overcome, paving the way for the automated creation and adoption of a new generation of adaptive intelligent agents. After years of advanced research and development, VERSES, in a recent series of technical breakthroughs, has successfully overcome this limitation enabling the automated generation of Agents from small data sets. The development of this technology was led by VERSES Chief Scientist, Professor Karl Friston and R&D and engineering teams who have developed a transformative method for automatically generating intelligent software agents directly from domain-specific data that utilize HSML (Hyperspace Modeling Language), an explicit knowledge modeling language currently being developed into the P2874 IEEE standard that enables the translation of any multimodal data set (text, image, audio, sensor data) into a generative “world” model upon which an Agent can reason and act on. The invention not only establishes a foundation for the automated creation of VERSES intelligent agents but also lays the groundwork for “guidance systems” for other AI. These systems are expected to contribute to safer and more efficient operation, better user alignment, predictive accuracy and the potential regulatory compliance of Large Language Models (LLMs) and other foundational models for text, audio, video, IoT devices, cameras, autonomous vehicles and robotics. This patent application reflects the process of this standards-based AI agent generation and forms the basis for VERSES' ongoing advancements in the AI space. The technology is intended to be demonstrated in the Company’s upcoming version of KOSM OS, an operating system for generating and running agents in the cloud or on devices or robotics systems as well as in GIA, their general intelligent agent personal service, expected to be released later this year. The issuance of the patent is subject to receipt of approval from the USPTO. "We believe our latest patent filing marks a pivotal moment in the evolution of AI," said Gabriel René CEO of VERSES AI. "By enabling AI systems to understand and interact with people and the world, we believe our technology has the potential for an era where intelligent, adaptable, and scalable autonomous systems are able to meet complex real-world challenges head-on. The potential applications of this technology and its use in KOSM OS span across industries and regions seeking to leverage smarter and safer AI technology.” In all industries including, but not limited to, manufacturing, logistics, healthcare and education, the Company’s advancement is intended to create more efficient and effective AI solutions through the advent of increasingly intelligent, adaptable, and autonomous systems. The patent application is the latest in a new series related to VERSES' recent technological advancements in the AI landscape. Other related developments from around the markets include: C3.AI Inc. announced preliminary results for its fourth fiscal quarter and fiscal year ended April 30, 2023. All numbers reported are unaudited preliminary estimates. Completed financial results, fiscal 2024 guidance, KPIs, and additional details will be provided on May 31, 2023. “As we began the fiscal year on May 1, the company has never been better positioned,” said Thomas M. Siebel, C3 AI CEO. “I believe we now have broad consensus that the addressable market for Enterprise AI is extraordinarily large; we have nearly 1,000 talented, dedicated employees; the C3 AI Platform is increasingly recognized as the gold-standard in enterprise AI; we have over 40 production enterprise AI applications that offer the market rapid time to value; our C3 Generative AI offerings are being enthusiastically received; our growing market-partner ecosystem enables us to punch above our weight; and with our tried, tested, and proven management team, our august and distinguished board of directors, our strong work ethic, and armed with over $800 million in cash – we are well positioned to accelerate growth, gain market share, attain sustainable non-GAAP profitability, and establish a market-leading position globally in enterprise AI. FY 2024 will be exciting.” NVIDIA reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.82, up 28% from a year ago and up 44% from the previous quarter. Non-GAAP earnings per diluted share were $1.09, down 20% from a year ago and up 24% from the previous quarter. “The computer industry is going through two simultaneous transitions — accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA. “A trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process. “Our entire data center family of products — H100, Grace CPU, Grace Hopper Superchip, NVLink, Quantum 400 InfiniBand and BlueField-3 DPU — is in production. We are significantly increasing our supply to meet surging demand for them,” he said. During the first quarter of fiscal 2024, NVIDIA returned to shareholders $99 million in cash dividends. NVIDIA will pay its next quarterly cash dividend of $0.04 per share on June 30, 2023, to all shareholders of record on June 8, 2023. SoundHound AI, a global leader in voice artificial intelligence, announced that it will be welcoming attendees of the National Restaurant Association Show 2023 to experience its best-in-class voice AI. The SoundHound for Restaurants booth #7057 will feature the company’s multi-channel integrated voice platform, which allows customers to effortlessly place orders via phone, kiosk, drive-thru, or any other connected device supported entirely by AI. Live demonstrations will include SoundHound’s flagship drive-thru ordering interface, Dynamic Interaction – a multimodal experience that accommodates both voice and touch input, and responds with audiovisual output. BigBear.AI Holdings announced financial results for the first quarter of 2023. BigBear.ai CFO Julie Peffer said, “In the first quarter, we achieved approximately 16% year-over-year revenue growth driven by key programs with the U.S. Army including GFIM Phase 2. Our disciplined approach to reducing operating costs helped support lowered overall expenses for the quarter. Additionally, we filed a universal shelf registration statement to offer up to $500 million of securities, which will allow us to more easily access capital markets moving forward to support organic and inorganic growth. We expect these key factors will help position us to deliver sustainable revenue growth in the future.” 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 Technologies Inc. by VERSES Technologies Inc. We own ZERO shares of VERSES Technologies Inc. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972Ty@winning.media