The artificial intelligence market could be worth $2.7 trillion by 2032, according to Market.US. All as it become an invaluable resource for decision making, based on pattern recognition and understanding. Fueling the boom, we’re likely to see an increase in AI usage across every industry, including medicine, medical equipment, electric vehicles, smartphones, governments, finance, banking, autos, and even heavier use of the Internet. In healthcare, AI could help doctors sift through thousands of medications to treat a myriad of issues in seconds. It could help personalize learning in schools. It may even be able to help pharmaceutical companies find new medications, and potential solutions to some of the world’s worst medical issues. In financial services, it can detect fraud. Insurance companies are relying on AI for claims and registrations. Supply chains are using AI to power the entire supply chain and logistics process. The list goes on. All of which could be beneficial for companies such as VERSES Technologies Inc. (NEO: VERS) (OTCQX: VRSSF), Nvidia Corp. (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), and Alphabet (NASDAQ: GOOG, GOOGL).
Look at VERSES Technologies Inc. (NEO: VERS) (OTCQX: VRSSF), For Example
VERSES Technologies, a cognitive computing company specializing in the next generation of Artificial Intelligence is thrilled to announce a strategic partnership with SimWell (https://www.simwell.io), a leader in digital simulations aiming to make the world more efficient through the use of advanced analytics technologies. This collaboration strives to leverage the power of knowledge models and digital twin technologies to deliver insights, optimization, and efficiency for businesses worldwide.
The partnership is expected to leverage VERSES’ advanced A.I. and SimWell’s experience building digital twins to deliver predictive modeling simulations. This collaboration aims to empower enterprise clients in the retail, warehousing, consumer brand, manufacturing, logistics, and supply chain sectors to generate real-time models to make data-driven decisions, optimize processes, and reduce costs while setting themselves apart in the competitive global market.
SimWell will become the first to join the VERSES developer network to build Intelligent Agents in the KOSMOS ecosystem. Intelligent Agents continuously transform data into human and machine readable knowledge model, based on which they perform actions and which leads to increasingly predictive and reactive autonomous systems. SimWell has many Fortune 500 clients who rely on SimWell to help solve complex strategic and operational challenges with simulation, optimization, and digital twin technology.
“Spending $500K-$1M simulating your process before committing to multimillion dollar and multi-year projects only works if you trust the simulation and with SimWell that trust has been demonstrated repeatedly around the world.” said James Hendrickson, President and General Manager of VERSES Logistics Inc., a wholly owned subsidiary of the Company that serves as its global enterprise-specific business unit. “We’re most excited about the cultural and technical alignment between VERSES and SimWell. Our combined energy benefits global customers and partners with expertise and tools that drive transformation across enterprise verticals.”
Jon Santavy, Partner and Chief Revenue Officer at SimWell added, "This partnership with VERSES represents an exceptional opportunity to show our clients greater long-term value by harnessing the power of Intelligent Agents acting on spatial twins to automate operational decisions.”
The collaboration between VERSES and SimWell commences with a joint project for a global apparel brand, aiming to enhance production processes and minimize operational costs. This initial venture will set the stage for additional projects across a variety of industry sectors.
Other related developments from around the markets include:
Nvidia Corp. announced Google Cloud is integrating the newly launched L4 GPU and Vertex AI to accelerate the work of companies building a rapidly expanding number of generative AI applications. Google Cloud, with its announcement of G2 virtual machines available in private preview today, is the first cloud services provider to offer NVIDIA’s L4 Tensor Core GPU. Additionally, L4 GPUs will be available with optimized support on Vertex AI, which now supports building, tuning and deploying large generative AI models. Developers can access the latest state-of-the-art technology available to help them get new applications up and running quickly and cost-efficiently. The NVIDIA L4 GPU is a universal GPU for every workload, with enhanced AI video capabilities that can deliver 120x more AI-powered video performance than CPUs, combined with 99% better energy efficiency.
Microsoft announced it is bringing the next generation of AI to cybersecurity with the launch of Microsoft Security Copilot, giving defenders a much-needed tool to quickly detect and respond to threats and better understand the threat landscape overall. Security Copilot will combine Microsoft's vast threat intelligence footprint with industry-leading expertise to augment the work of security professionals through an easy-to-use AI assistant. "Today the odds remain stacked against cybersecurity professionals. Too often, they fight an asymmetric battle against relentless and sophisticated attackers," said Vasu Jakkal, corporate vice president, Microsoft Security. "With Security Copilot, we are shifting the balance of power into our favor. Security Copilot is the first and only generative AI security product enabling defenders to move at the speed and scale of AI."
Apple launched Shop with a Specialist over Video, a new live shopping experience on apple.com for customers in the U.S. Shop with a Specialist over Video connects customers looking to purchase iPhone® with a retail team member via a safe and secure, one-way video shopping session. With this new service, customers can browse the latest models, explore new features, and learn about Apple Trade In offers, carrier deals, switching to iOS, and various financing options. "We’re constantly innovating to deliver an even more personalized experience for our customers, meeting them where they are to deliver the best of Apple," said Karen Rasmussen, Apple’s head of Retail Online. "With Shop with a Specialist over Video, our team members are excited to connect with customers and provide exceptional service as they learn about which iPhone best suits them."
Alphabet announced financial results for the quarter and fiscal year ended December 31, 2022. Sundar Pichai, CEO of Alphabet and Google, said: “Our long-term investments in deep computer science make us extremely well-positioned as AI reaches an inflection point, and I’m excited by the AI-driven leaps we’re about to unveil in Search and beyond. There’s also great momentum in Cloud, YouTube subscriptions, and our Pixel devices. We’re on an important journey to re-engineer our cost structure in a durable way and to build financially sustainable, vibrant, growing businesses across Alphabet.”
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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