Five Ways to Profit from a Potential $155 Billion Intelligence-as-a-Service Boom

December 08, 2023 -

The artificial intelligence (AI) story shows no signs of slowing. Instead, AI – which could be worth $1.8 trillion by 2030, according to Statista – is already changing just about everything. In fact, it’s already changing drug discovery, education, finances, and cyber threats. All of which is beneficial for companies, such as VERSES AI Inc. (NEO: VERS) (OTCQB: VRSSF), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), and Advanced Micro Devices (NASDAQ: AMD). Even better, if we look at the global artificial intelligence as a service market, we’re looking at a potential $155.3 billion opportunity by 2032, from just $6.3 billion today, according to Precedence Research.

“Artificial intelligence as a service is made use of in order to make the process automated with minimum human intervention wherever necessary. In today's world it includes machine learning and computer vision which is helping to reset the entire business world. With the help of artificial intelligence, the total investment of the company is reduced to a negligible amount which in turn helps to boost the economy of the business,” added Precedence Research.

Look at VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF), For Example

VERSES AI Inc., a cognitive computing company specializing in next-generation of intelligent software systems, welcomes Peter Provost as VP of Product, Developer Platforms. Mr. Provost will lead the strategic development and enhancement of Genius™, VERSES’ Intelligence-as-a-Service platform, leveraging his experience in product engineering, leadership and deep understanding of the developer community.

Jason Fox, Chief Technology Officer at VERSES, said, “Peter brings with him nearly two decades of experience shipping developer platforms and tools at Microsoft in the Visual Studio and Azure teams. We're excited to welcome him to lead the developer experience for the Genius™ platform. Peter will take a leadership role in advancing our developer platforms, fostering creativity and driving forward VERSES’ mission to create a smarter world through the power of AI.”

Peter Provost brings a diverse background to VERSES, with over 18 years of experience at Microsoft, where he held key roles in engineering, product management, and leadership. Mr. Provost has demonstrated a commitment to developer-focused initiatives throughout his career. His expertise spans various domains, including enterprise systems, big data, IoT, launch strategies, and the software development life cycle. This breadth of experience aligns well with VERSES AI's vision for intelligent systems.

Mr. Provost received his BS in Computer Science from Colorado State University in 1994 and has been coding for over 40 years.

Other related developments from around the markets include:

Nvidia reported revenue for the third quarter ended October 29, 2023, of $18.12 billion, up 206% from a year ago and up 34% from the previous quarter. GAAP earnings per diluted share for the quarter were $3.71, up more than 12x from a year ago and up 50% from the previous quarter. Non-GAAP earnings per diluted share were $4.02, up nearly 6x from a year ago and up 49% from the previous quarter. “Our strong growth reflects the broad industry platform transition from general-purpose to accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA.

Microsoft and Siemens are deepening their partnership by bringing the benefits of generative AI to industries worldwide. As a first step, the companies are introducing Siemens Industrial Copilot, an AI-powered jointly developed assistant aimed at improving human-machine collaboration in manufacturing. In addition, the launch of the integration between Siemens Teamcenter software for product lifecycle management and Microsoft Teams will further pave the way to enabling the industrial metaverse. It will simplify virtual collaboration of design engineers, frontline workers, and other teams across business functions.

Meta Platforms’ CEO Mark Zuckerberg recently said, “We had a good quarter for our community and business. I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio.” Facebook daily active users (DAUs) – DAUs were 2.09 billion on average for September 2023, an increase of 5% year-over-year. Facebook monthly active users (MAUs) – MAUs were 3.05 billion as of September 30, 2023, an increase of 3% year-over-year. Ad impressions and price per ad – In the third quarter of 2023, ad impressions delivered across our Family of Apps increased by 31% year-over-year and the average price per ad decreased by 6% year-over-year. Revenue – Revenue was $34.15 billion, an increase of 23% year-over-year, and an increase of 21% year-over-year on a constant currency basis.

Advanced Micro Devices announced “Advancing AI,” an in-person and livestreamed event on December 6, 2023 to launch the next-generation AMD Instinct™ MI300 data center GPU accelerator family and highlight the Company’s growing momentum with AI hardware and software partners. AMD Chair and CEO Dr. Lisa Su will be joined by AMD executives, AI ecosystem partners and customers who will discuss how AMD products and software are re-shaping the AI, adaptive and high-performance computing landscape.

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.


Ty Hoffer
Winning Media