News Brief: VERSES AI Inc.

News Brief: VERSES AI Inc.

Thursday, November 30, 2023

Vancouver, British Columbia based VERSES AI Inc. (NEO:VERS) (OTCQX:VRSSF) has welcomed National Aeronautics and Space Administration’s (NASA) Jet Propulsion Laboratory (JPL) to the Beta program of its Intelligence-as-a-Service platform, Genius™.

NASA seeks to advance international and interagency collaboration on space exploration efforts through technology and policy standards. NASA, JPL and many other stakeholders in the new “space race” have a vested interest in standardizing infrastructure and supporting the space economy, which Morgan Stanley estimates may grow to $1 Trillion by 2040.

According to the release, the international space agency community is actively seeking to develop standards for space exploration. For example, many countries have recently announced their intention to return to the moon. To ensure safety and collaboration, in 2020, NASA published the Artemis Accords, a non-binding multilateral arrangement between thirty-two world governments and one territory participating in NASA’s Artemis space program, which aims to return humans to the moon by 2025, establish a permanent presence on the moon, and ultimately expand space exploration to Mars and beyond.  

“Interoperability of systems is critical to ensure safe and robust space exploration. Therefore, the Artemis Accords call for partner nations to utilize open international standards, develop new standards when necessary, and strive to support interoperability to the greatest extent practical,” says NASA.

VERSES AI is a cognitive computing company specializing in biologically inspired distributed intelligence.

Shares are trading up 7 cents at $0.9599

Industry Competitors: Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META) and Advanced Micro Devices (NASDAQ: AMD)


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