AI Could Be One of the Greatest Wealth Builders in History July 12, 2023 - Baystreet.ca Artificial intelligence could be one of the greatest wealth builders in history. That’s according to Matt Higgins, CEO of RSE Ventures, as quoted by CNBC, who added, “Artificial intelligence doesn’t care where you were born, whether you have money, whether you have a PhD. It’s going to destroy barriers that have prevented people from moving up the ladder, and pursuing their dream of economic freedom.” Granted, you may not get rich from investing advice from AI, given its limitation, however, there’s big money to be made from the AI market overall. According to PwC, the AI market – currently valued at $100 billion – could contribute up to $15.7 trillion to the global economy over the next decade. That’s game-changing, and could be a major catalyst for VERSES AI Inc. (CBOE: VERS) (OTCQX: VRSSF), C3.AI Inc. (NYSE: AI), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Advanced Micro Devices (NASDAQ: AMD). 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, announces winning a research and innovation grant in the amount of €418,000 from the EU Commission and their Horizon Europe project entitled dAIEDGE , a network of excellence for “distributed, trustworthy, efficient and scalable AI at the Edge.” Artificial intelligence (AI) is becoming a major force in shaping the future of the internet and the world. By combining edge computing and AI (Edge AI), devices can make decisions in a few milliseconds by processing data directly at the point of origin—without insecure connections, high latency, large energy overheads or costs due to transmission. Edge AI is therefore a pathfinder and accelerator for many new applications in areas such as autonomous driving, personalized digital assistance and intelligent service robots. “The dAIEDGE is a very exciting project poised to revolutionize the development and market adoption of distributed edge AI solutions in Europe. Together with our consortium partners, we will be at the heart of steering AI onto a path of sustainable growth, and paving the way for a future where digital advancements and environmental consciousness go hand in hand,” said Philippe Sayegh, VERSES Chief Adoption Officer. As part of the European Union's initiative "European Network of AI Excellence Centres: Expanding the European AI lighthouse," the main objective of the project is to create a Network of Excellence Centers for AI-based edge solutions. This network aims to support and ensure rapid development and market adoption of distributed Edge AI technologies, such as hardware, software, frameworks and tools that are reusable, secure and trustworthy. The applications of dAIEDGE are expected to be used in a wide range of fields, such as the Internet of Things (IoT), intelligent transportation systems, robotics and healthcare. "The development of smart edge devices drastically increases their ability to make complex decisions autonomously and respond to real-time data. This is the basis for a dynamic AI ecosystem with distributed, trustworthy, efficient and scalable AI methods," says Prof. Didier Stricker, head of research lab Augmented Vision at consortium leader DFKI in Kaiserslautern. VERSES Global B.V. has been selected as part of a European consortium of experts in artificial intelligence, embedded computing, microprocessors, distributed hardware and software, computer science and engineering that will work closely together to provide ideas, tools, services, guidelines and trends to support the next generation of Edge AI technologies. VERSES Global B.V. is expected to lead and contribute to several working packages and tasks of the dAIEDGE project. This includes the definition of the AI lighthouse strategy, Edge AI application requirements and trends across domains and industries. Additionally, VERSES Global B.V. is expected to provide a contextual model called Hyperspace Modelling Language (HSML) and a communication protocol known as Hyperspace Transaction Protocol (HSTP). VERSES Global B.V. is also expected to participate in use case scenarios in smart warehouse and smart city domains using AI at the edge. "We are thrilled to have won this grant from the EU Commission and to be a part of the dAIEDGE project," said Gabriel René, VERSES CEO. "As a leading provider of advanced AI solutions, we are committed to developing technologies that can drive innovation and create value for our customers. The dAIEDGE project is an excellent opportunity to collaborate with other industry leaders, academics and SMEs to achieve breakthroughs in the field of AI and network automation." Other related developments from around the markets include: C3.AI Inc. announced that C3 Generative AI is now available on the AWS Marketplace. Adding C3 Generative AI to the AWS Marketplace accelerates the procurement and onboarding process, enabling customers to rapidly access C3 AI and AWS’s combined Generative AI expertise in just a few clicks. "We enjoy a robust partnership with AWS, its strength demonstrated by the large number and success of our mutual customers," said C3 AI CEO Thomas M. Siebel. "There is tremendous interest in C3 Generative AI on AWS. C3 Generative AI provides a natural language search interface that helps diverse users in the most complex organizations quickly and easily use LLMs and GPT to access enterprise data and AI insights." 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. Contact: Ty Hoffer Winning Media281.804.7972Ty@winning.media
AI Could Be One of the Greatest Wealth Builders in History July 12, 2023 - Baystreet.ca Artificial intelligence could be one of the greatest wealth builders in history. That’s according to Matt Higgins, CEO of RSE Ventures, as quoted by CNBC, who added, “Artificial intelligence doesn’t care where you were born, whether you have money, whether you have a PhD. It’s going to destroy barriers that have prevented people from moving up the ladder, and pursuing their dream of economic freedom.” Granted, you may not get rich from investing advice from AI, given its limitation, however, there’s big money to be made from the AI market overall. According to PwC, the AI market – currently valued at $100 billion – could contribute up to $15.7 trillion to the global economy over the next decade. That’s game-changing, and could be a major catalyst for VERSES AI Inc. (CBOE: VERS) (OTCQX: VRSSF), C3.AI Inc. (NYSE: AI), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Advanced Micro Devices (NASDAQ: AMD). 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, announces winning a research and innovation grant in the amount of €418,000 from the EU Commission and their Horizon Europe project entitled dAIEDGE , a network of excellence for “distributed, trustworthy, efficient and scalable AI at the Edge.” Artificial intelligence (AI) is becoming a major force in shaping the future of the internet and the world. By combining edge computing and AI (Edge AI), devices can make decisions in a few milliseconds by processing data directly at the point of origin—without insecure connections, high latency, large energy overheads or costs due to transmission. Edge AI is therefore a pathfinder and accelerator for many new applications in areas such as autonomous driving, personalized digital assistance and intelligent service robots. “The dAIEDGE is a very exciting project poised to revolutionize the development and market adoption of distributed edge AI solutions in Europe. Together with our consortium partners, we will be at the heart of steering AI onto a path of sustainable growth, and paving the way for a future where digital advancements and environmental consciousness go hand in hand,” said Philippe Sayegh, VERSES Chief Adoption Officer. As part of the European Union's initiative "European Network of AI Excellence Centres: Expanding the European AI lighthouse," the main objective of the project is to create a Network of Excellence Centers for AI-based edge solutions. This network aims to support and ensure rapid development and market adoption of distributed Edge AI technologies, such as hardware, software, frameworks and tools that are reusable, secure and trustworthy. The applications of dAIEDGE are expected to be used in a wide range of fields, such as the Internet of Things (IoT), intelligent transportation systems, robotics and healthcare. "The development of smart edge devices drastically increases their ability to make complex decisions autonomously and respond to real-time data. This is the basis for a dynamic AI ecosystem with distributed, trustworthy, efficient and scalable AI methods," says Prof. Didier Stricker, head of research lab Augmented Vision at consortium leader DFKI in Kaiserslautern. VERSES Global B.V. has been selected as part of a European consortium of experts in artificial intelligence, embedded computing, microprocessors, distributed hardware and software, computer science and engineering that will work closely together to provide ideas, tools, services, guidelines and trends to support the next generation of Edge AI technologies. VERSES Global B.V. is expected to lead and contribute to several working packages and tasks of the dAIEDGE project. This includes the definition of the AI lighthouse strategy, Edge AI application requirements and trends across domains and industries. Additionally, VERSES Global B.V. is expected to provide a contextual model called Hyperspace Modelling Language (HSML) and a communication protocol known as Hyperspace Transaction Protocol (HSTP). VERSES Global B.V. is also expected to participate in use case scenarios in smart warehouse and smart city domains using AI at the edge. "We are thrilled to have won this grant from the EU Commission and to be a part of the dAIEDGE project," said Gabriel René, VERSES CEO. "As a leading provider of advanced AI solutions, we are committed to developing technologies that can drive innovation and create value for our customers. The dAIEDGE project is an excellent opportunity to collaborate with other industry leaders, academics and SMEs to achieve breakthroughs in the field of AI and network automation." Other related developments from around the markets include: C3.AI Inc. announced that C3 Generative AI is now available on the AWS Marketplace. Adding C3 Generative AI to the AWS Marketplace accelerates the procurement and onboarding process, enabling customers to rapidly access C3 AI and AWS’s combined Generative AI expertise in just a few clicks. "We enjoy a robust partnership with AWS, its strength demonstrated by the large number and success of our mutual customers," said C3 AI CEO Thomas M. Siebel. "There is tremendous interest in C3 Generative AI on AWS. C3 Generative AI provides a natural language search interface that helps diverse users in the most complex organizations quickly and easily use LLMs and GPT to access enterprise data and AI insights." 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. Contact: Ty Hoffer Winning Media281.804.7972Ty@winning.media