The age of artificial intelligence (AI) is here. And it could very well transform just about everything, creating a multi-billion-dollar opportunity in the process. Google CEO Sundar Pichai once said AI is “more profound than fire or electricity.” Baidu chairman Robin Li Yanhong says, “If the internet was the appetizer, then AI is the main course. The internet changed a lot of our daily lives, but did not have much impact on the 2B industries. I think AI will change that.”
MIT Technology Review says, “Artificial intelligence is changing the world and doing it at breakneck speed. The experts go on to predict a 50 percent chance that AI will be better than humans at more or less everything in about 45 years.” All 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).
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. 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.
Look at VERSES Technologies Inc. (NEO: VERS) (OTCQX: VRSSF), For Example
VERSES announced that further to its press release dated December 16, 2022, it has received acceptance from the Neo Exchange Inc. to list up to 18,100,714 Class A subordinate voting share purchase warrants of the Company.
An aggregate of 11,613,485 Class A Warrants were subject to certain Warrant Amendments. The Amended Warrants will be posted for trading on the NEO at market open on January 24, 2023 under the symbol “VERS.WT.A”. Each Amended Warrant entitles the holder thereof to acquire one Class A subordinate voting share of the Company at an exercise price of $1.00 per Class A Share until 4:00 p.m. (Vancouver time) on August 15, 2025. The Amended Warrants are subject to the provisions of a warrant indenture dated December 16, 2022 between the Company and Endeavor Trust Corporation, pursuant to which Endeavor acts as warrant agent for the Amended Warrants. A copy of the warrant indenture may be obtained under the Company’s SEDAR profile at www.sedar.com.
An aggregate of 6,487,229 Class A Warrants may become listed on the NEO once the Company’s receives written consent from the applicable warrant holders for the Warrant Amendments. Endeavor or the Company will provide any warrant holders that have not yet provided written consent to the Warrant Amendments with notices by email or physical mail seeking their written approval to replace each of their Unlisted Warrants with an Amended Warrant that will be tradable under the symbol “VERS.WT.A” pursuant to the Supplemental Listing. Until such warrant holders provide their written consent to replace their Unlisted Warrants with the Amended Warrants, their Unlisted Warrants will: (i) not be subject to the Warrant Amendments; (ii) not be included in the Supplemental Listing; and (iii) continue to be governed by their current terms and conditions until the applicable expiry date.
Other related developments from around the markets include:
Nvidia Corp. announced that the high-performance GeForce NOW cloud gaming service will be coming to cars. Hyundai Motor Group, one of the world’s largest automakers with the Hyundai, Kia and Genesis brands; BYD, the world’s leading manufacturer of new energy vehicles (NEVs); and Swedish premium electric vehicle and lifestyle brand Polestar are the first working with NVIDIA to deliver GeForce NOW in their vehicles. The announcement expands NVIDIA’s vehicle infotainment offerings, which include a suite of products and services that improve the cockpit experience. Coupling NVIDIA’s heritage in gaming and infotainment, GeForce NOW can stream a real-time, full PC-gaming experience beyond desktops, laptops and mobile devices, now to software-defined cars.
Microsoft just announced the third phase of its long-term partnership with OpenAI through a multiyear, multibillion-dollar investment to accelerate AI breakthroughs to ensure these benefits are broadly shared with the world. This agreement follows its previous investments in 2019 and 2021. It extends our ongoing collaboration across AI supercomputing and research and enables each of us to independently commercialize the resulting advanced AI technologies. Supercomputing at scale – Microsoft will increase its investments in the development and deployment of specialized supercomputing systems to accelerate OpenAI’s groundbreaking independent AI research. It will also continue to build out Azure’s leading AI infrastructure to help customers build and deploy their AI applications on a global scale. New AI-powered experiences – Microsoft will deploy OpenAI’s models across its consumer and enterprise products and introduce new categories of digital experiences built on OpenAI’s technology. This includes Microsoft’s Azure OpenAI Service, which empowers developers to build cutting-edge AI applications through direct access to OpenAI models backed by Azure’s trusted, enterprise-grade capabilities and AI-optimized infrastructure and tools. Exclusive cloud provider – As OpenAI’s exclusive cloud provider, Azure will power all OpenAI workloads across research, products and API services.
Apple announced HomePod (2nd generation), a powerful smart speaker that delivers next-level acoustics in a gorgeous, iconic design. Packed with Apple innovations and Siri intelligence, HomePod offers advanced computational audio for a groundbreaking listening experience, including support for immersive Spatial Audio tracks. With convenient new ways to manage everyday tasks and control the smart home, users can now create smart home automations using Siri, get notified when a smoke or carbon monoxide alarm is detected in their home, and check temperature and humidity in a room — all hands-free. The new HomePod is available to order online and in the Apple Store app starting today, with availability beginning Friday, February 3.
Alphabet will hold its quarterly conference call to discuss fourth quarter 2022 financial results on Thursday, February 2, at 1:30 p.m. Pacific Time (4:30 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 February 2, 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 full disclaimer.