Exciting New Developments in a Potential $1.8 Trillion AI Market Boom

July 20, 2023 - Baystreet.ca


Over the last week, artificial intelligence has seen some incredible advancements. Microsoft (NASDAQ: MSFT), for example, just announced a $30 per month subscription for the use of generative AI with Microsoft 365. As noted by CNBC, “Adding on the subscription to Copilot, a generative AI assistant that works across Microsoft 365 programs, could increase monthly prices for enterprise customers as much as 83%. Copilot’s capabilities include ranking incoming emails, summarizing meetings, analyzing spreadsheet data, offering writing prompts, and designing presentations.” Now, Alphabet (NASDAQ: GOOG, GOOGL) is announcing that it is exploring AI tools for journalists. Even Apple (NASDAQ: AAPL) is now testing a new ChatGPT-like chatbot. AI companies like VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF) and Nvidia Corp. (NASDAQ: NVDA) are set to race higher with the potential $1.8 trillion AI boom.

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 (AI), announces presentation of its developments and contributions at the Association for the Scientific Study of Consciousness.

The 26th annual meeting of the Association for the Scientific Study of Consciousness (ASSC), held at New York University, last month, welcomed a variety of distinguished keynote speakers, presenters and philosophers including Thomas Nagel, David Chalmers and two contributors from VERSES –Director of Product, Mahault Albarracin, and Senior Researcher, Alex Kiefer, who presented novel and potentially disruptive theories in cognitive neuroscience.

Albarracin presented findings on a model of consciousness derived from the free-energy principle (FEP). After outlining the classical and quantum formulations of FEP, Albarracin discussed its implications on the sparse, nested and hierarchical neuro-anatomy of the brain.

“We believe VERSES continues to be at the forefront of innovation in AI, guided by the principles of scientific discovery and technological advancement. The research presented at the ASSC 2023 conference underlines the commitment of VERSES’ researchers to pioneer breakthroughs in AI, cognitive science, and our understanding of consciousness itself,” said Albarracin.

The highlight of Albarracin's presentation was the examination of the holographic structure of the brain and how it supports overt and covert action. The research connects our understanding of human consciousness with AI development, fostering a novel approach to AI at VERSES.

Kiefer, stationed at Monash University, challenged traditional cognitive science debates, asserting that 21st-century advancements in the theory of cognitive systems, particularly those linked with sophisticated AI and machine learning, have rendered two “outdated” dichotomies.

The first dichotomy Kiefer dismantled was between iconic and discursive (language-like) representations or representational formats. The second, was between formal, rule-governed processes or state transitions and associative ones.

Kiefer's talk elucidated the role and function of vector space embeddings - common elements in all successful deep learning systems - as being more flexible and capable than traditionally recognized. He presented four key theses highlighting the capabilities of vector space representations and their role in modern paradigms in cognitive science. Kiefer's research aims to broaden our understanding of AI, offering insights into the workings of advanced systems.

These presentations from Kiefer and Albarracin highlight the innovative research conducted by VERSES, as they delve into the intricacies of AI and cognitive sciences. The following papers, related to their respective presentations, are presented below for additional context.

Inner screen model of consciousness

Designing explainable AI

Other related developments from around the markets include:

Nvidia Corp. announced that electronics manufacturers worldwide are advancing their industrial digitalization efforts using a new, comprehensive reference workflow that combines NVIDIA technologies for generative AI, 3D collaboration, simulation and autonomous machines. Supported by an expansive partner network, the workflow helps manufacturers plan, build, operate and optimize their factories with an array of NVIDIA technologies. These include: NVIDIA Omniverse, which connects top computer-aided design apps, as well as APIs and cutting-edge frameworks for generative AI; the NVIDIA Isaac Sim application for simulating and testing robots; and the NVIDIA Metropolis vision AI framework, now enabled for automated optical inspection.

Microsoft and KPMG announced a significant expansion of their global relationship that will reshape professional services across a number of business-critical areas including workforce modernization, safe and secure development, and use of Artificial Intelligence (AI) solutions for clients, industries and society more broadly. The industry-leading collaboration between the two global organizations includes a KPMG multibillion-dollar commitment in Microsoft cloud and AI services over the next 5 years that will help to unlock potential incremental growth opportunity for KPMG of over US$12 billion. The expanded alliance will enhance KPMG client engagements and supercharge the employee experience in a way that is responsible, trustworthy and safe.

Apple announced the availability of new software tools and technologies that enable developers to create groundbreaking app experiences for Apple Vision Pro — Apple’s first spatial computer. Featuring visionOS™, the world’s first spatial operating system, Vision Pro lets users interact with digital content in their physical space using the most natural and intuitive inputs possible — their eyes, hands, and voice. Starting today, Apple’s global community of developers will be able to create an entirely new class of spatial computing apps that take full advantage of the infinite canvas in Vision Pro and seamlessly blend digital content with the physical world to enable extraordinary new experiences. With the visionOS SDK, developers can utilize the powerful and unique capabilities of Vision Pro and visionOS to design brand-new app experiences across a variety of categories including productivity, design, gaming, and more.

Alphabet will hold its quarterly conference call to discuss second quarter 2023 financial results on Tuesday, July 25, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The live webcast of the earnings conference call can be accessed here. A replay of the webcast will be available through the same link following the conference call. Please visit the Investor Relations website at abc.xyz/investor on July 25, 2023 to view the earnings release before the conference call.

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.

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