Companies like VERSES AI Inc. (CBOE: VERS) (OTCQX: VRSSF) and Volvo (OTC: VLVCY) are racing to improve autonomous vehicle artificial intelligence. In fact, recent research, VERSES’ algorithms were used to predict the appearance of pedestrians, cyclists, and cars that are obscured behind stationary vehicles and objects. An advancement beyond current capabilities of autonomous vehicle AI, says the company. Even better, research results demonstrated significant improvements in predicting animals, people, and objects entering the street; something that vehicles with current AI have not been able to do.
We also have to consider that by 2030, the autonomous vehicle market could be worth nearly $214.32 billion by 2030, according to Grand View Research. All of which could be a powerful catalyst for VERSES, especially with it able to offer autonomous vehicles something that current artificial intelligence hasn’t brought to the table. In addition to VERSES, the news is also beneficial for Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), C3.AI (NYSE:AI).
VERSES AI (CBOE: VERS) (OTCQX: VRSSF) and Volvo Demonstrate Vehicle Safety Advancement
VERSES AI Inc., a cognitive computing company specializing in next generation intelligent systems, today announces the initial results of the Genius™ Beta Partner collaboration and the publishing of a paper co-authored by research teams at both Volvo Cars and VERSES. The paper uses VERSES’ algorithms to predict the appearance of pedestrians, cyclists, and cars that are obscured behind stationary vehicles and objects. An advancement beyond current capabilities of autonomous vehicle AI.
“As the automotive industry progresses towards fully autonomous self-driving cars, predicting where unseen obstacles like people or bicyclists may be or which trajectory they may be on has been a significant unsolved safety challenge. We believe the inability of current autonomous driving systems to overcome this hurdle is holding back the AV industry worldwide. Volvo Cars is globally recognized for its unwavering commitment to vehicle safety. So, they were the perfect partner to work with to showcase how VERSES can help solve this problem,” said Gabriel Rene´, CEO of VERSES. “We believe this research project with Volvo Cars; part of our Genius Beta project, demonstrates a major advancement in autonomous vehicle safety capability. We expect the research project to pave the way for safer streets for pedestrians, cyclists, cars, robots, and beyond."
The paper titled, “Navigation under uncertainty: trajectory prediction and occlusion reasoning with switching dynamical systems,” can be found on VERSES website or on Arxiv here: https://arxiv.org/html/2410.10653v1
The paper explores a way to predict the trajectory of movement for people, animals, and objects occurring behind stationary objects like parked cars to help vehicles and drivers avoid them if the people enter the street unexpectedly. The research presents completed experiments illustrating capabilities using the Waymo open dataset. The results demonstrate significant improvements in predicting animals, people, and objects entering the street; something that vehicles with current AI have not been able to do.
Other related developments from around the markets include:
Nvidia announced it is teaming with U.S. technology leaders to help organizations create custom AI applications and transform the world’s industries using the latest NVIDIA NIM™ Agent Blueprints and NVIDIA NeMo™ and NVIDIA NIM microservices. Across industries, organizations like AT&T, Lowe’s and the University of Florida are using the microservices to create their own data-driven AI flywheels to power custom generative AI applications.
U.S. technology consulting leaders Accenture, Deloitte, Quantiphi and SoftServe are adopting NVIDIA NIM Agent Blueprints and NVIDIA NeMo and NIM microservices to help clients in healthcare, manufacturing, telecommunications, financial services and retail create custom generative AI agents and copilots.
Microsoft announced that its board of directors declared a quarterly dividend of $0.83 per share, reflecting an 8 cent or 10% increase over the previous quarter’s dividend. The dividend is payable Dec. 12, 2024, to shareholders of record on Nov. 21, 2024. The ex-dividend date will be Nov. 21, 2024. The board of directors also approved a new share repurchase program authorizing up to $60 billion in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time. In addition, the company announced the date for the 2024 Annual Shareholders Meeting, to be held Dec. 10, 2024. Shareholders at the close of business on Sept. 30, 2024, the record date, will be entitled to vote their shares.
C3.AI, the Enterprise AI application software company, announced that it has been recognized as a Leader by Forrester Research in its recent report, The Forrester Wave™: AI/ML Platforms, Q3 2024. “C3 AI offers an AI future to enterprises,” the report states. “C3 AI thinks big because it’s led by big thinkers. The company’s vision illuminates the future of business in the age of AI and also clearly articulates the steps that enterprises can take now to successfully become an AI beacon in their industry.”
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