AI Software Update Sends Shares Of This Micro Cap Higher - InvestingChannel

AI Software Update Sends Shares Of This Micro Cap Higher

Since the launch of ChatGPT in late 2022, artificial intelligence (AI) has become a central topic of discussion, similarly to the transformative impact of the internet’s widespread adoption in the late 1990s.

Although ChatGPT is approaching its two-year anniversary, advancements in AI are emerging at breakneck speed. Companies of all sizes are eager to capitalize on the opportunities presented by this lucrative and rapidly growing industry. Today VERSES AI Inc. (OTCQB:VRSSF), a cognitive computing company specializing in next-generation intelligent systems, announced the release of a software update of their flagship product Genius to its beta program participants.

“Our flagship product, Genius, features a collection of tools designed for developing and deploying Genius agents, assisting machine learning practitioners—such as programmers, coders, engineers, and researchers—in tackling unprecedented AI challenges,” said Hari Thiruvengada, Ph.D., VERSES® Chief Technology Officer. “In this release, we are introducing powerful enhanced reasoning and planning capabilities, accompanied by comprehensive explainability, to our toolkit.”

While the release will initially be available to existing beta partners, select journalists, and industry experts only, the Company anticipates offering the commercial release of Genius to new partners in the coming months.

Shares of VRSSF are on the move higher today after the announcement, currently trading at $0.34, up 11.48% in late-morning trading. Shares appear to have found support around the $0.30 level after a significant share price slide in 2024. Perhaps news of this Genius software update is the catalyst the bulls needed to push shares higher into the closing weeks of 2024 and into 2025.

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