AI Will Create More Opportunity Than We’ve Seen in 50 Years, Says President Biden

June 22, 2023 - Baystreet.ca


With the artificial intelligence story showing no signs of cooling, even President Biden believes, “We will see more technological change in the next 10 years than we’ve seen in the last 50 years and maybe beyond that. AI is already driving that changes” as noted by the Associated Press. All of which is great news for companies such as VERSES AI Inc. (CBOE: VERS) (OTCQX: VRSSF), C3.AI Inc. (NYSE: AI), Nvidia Corp. (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Advanced Micro Devices (NASDAQ: AMD). All of which could benefit from AI becoming a potential $1.8 trillion opportunity. Granted, there are concerns AI could eventually replace workers, continue to create false images and videos, and perhaps undermine elections. However, the Biden Administration is making moves to put safeguards in place.

VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF) Stands to Benefit

VERSES AI Inc., a cognitive computing company specializing in the next generation of artificial intelligence, welcomes Darin Bunker as its new Director of Engineering. Bunker will be responsible for accelerating the development of VERSES' network operating system KOSM, expanding the company's Agile development program and developing the VERSES software utilizing the Spatial Web Foundation standards.

Jason Fox, CTO of VERSES, commented on the new appointment, "We're thrilled to have Darin join our team. His wealth of experience and expertise will be instrumental in driving the rapid development of KOSM, which is built on neuromorphic computing principles modeled after biological organisms.”

Darin's key role will involve further expanding the company's Agile development program. "The Agile methodology is a cornerstone of our approach at VERSES. Darin's experience and insights will be invaluable for scaling our team to the next level," Fox continued.

Bunker’s background included more than 20 years of experience leading software engineering teams, building widely adopted consumer and enterprise products. He joins VERSES from Elementum where he served as Head of Software Engineering. During his tenure with Elementum, Bunker was instrumental in building a global team of unconventional developers utilizing transformational agile development methodologies that brought break-through software products to market. He has served in several other development leadership positions during his multi-decade career in the software industry including VP of Engineering at ReliaQuest and Director of Engineering at Domo.

“We are delighted to have Darin join the VERSES team,” said Gabriel René, Founder and CEO of VERSES. “He has a proven track record of leading successful global product development teams and a demonstrated history of professional software engineering experience.”

“As VERSES continues to build and expand its AI-centric technology platform and Intelligent Agents into new markets and regions, it is more important than ever to ensure that we have strong product development leadership,” said Jason Fox, Chief Product Officer at VERSES. “And that is why we are excited about the appointment of Darin to the VERSES team. His leadership and focus on product development success will ensure that our customers' expectations are exceeded every step of the way.”

“VERSES will deliver technology which fundamentally changes and improves how we live and how we run the world. I'm extremely excited to be part of this incredible revolution to drive lasting and impactful transformation, improving how we connect, how we engage and how we unlock the world around us,” said Darin Bunker. “Everything is connected and VERSES will help foster growth, change and transformation – bringing us together for a positive and lasting impact for generations.”

Other related developments from around the markets include:

C3.AI Inc. is hosting an Investor Day on June 22, 2023 in New York City to provide C3 AI investors with a company update, including information about our product roadmap, product demonstrations including C3 Generative AI, and updates on our partner ecosystem. The event will be broadcast to the investor community at large via a live webcast. The event will include presentations by C3 AI CEO Thomas M. Siebel and other members of the executive leadership team. In-person attendance is by invitation only.

Nvidia and WPP announced they are developing a content engine that harnesses NVIDIA Omniverse™ and AI to enable creative teams to produce high-quality commercial content faster, more efficiently and at scale while staying fully aligned with a client’s brand. The new engine connects an ecosystem of 3D design, manufacturing and creative supply chain tools, including those from Adobe and Getty Images, letting WPP’s artists and designers integrate 3D content creation with generative AI. This enables WPP's clients to reach consumers in highly personalized and engaging ways, while preserving the quality, accuracy and fidelity of their company’s brand identity, products and logos.

Microsoft announced that its board of directors declared a quarterly dividend of $0.68 per share. The dividend is payable Sept. 14, 2023, to shareholders of record on Aug. 17, 2023. The ex-dividend date will be Aug. 16, 2023.

Advanced Micro Devices announced the addition of two new, workload optimized processors to the 4th Gen EPYC™ CPU portfolio. By leveraging the new “Zen 4c” core architecture, the AMD EPYC 97X4 cloud native-optimized data center CPUs further extend the EPYC 9004 Series of processors to deliver the thread density and scale needed for leadership cloud native computing. Additionally, AMD announced the 4th Gen AMD EPYC processors with AMD 3D V-Cache™ technology, ideally suited for the most demanding technical computing workloads.

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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