Mr. Gabriel Rene reports

VERSES PROVIDES Q1 2024 CORPORATE UPDATE

Verses AI Inc. has provided a corporate update.

"For an early-stage company we have so much going on, especially in the last few months. We wanted to provide this update to share our progress," said Gabriel Rene, founder and chief executive officer of Verses.

Genius rollout

In the company update last year, Verses announced the merger of many of its previous technologies and applications into a single developer platform and data pipeline called Genius to enable developers to develop and deploy intelligent agents. Verses launched its Genius private beta program in October, 2023, to enable early access to partners across multiple industries to showcase the applicability of Genius. To date, the company has announced the following six beta engagements: Nalantis, Cortical Labs, SimWell, NASA's (National Aeronautics and Space Administration) jet propulsion laboratory (JPL), Volvo Cars and Blue Yonder.

Additionally, Verses has received over 3,700 signups for the limited private preview of its Genius public beta program.

Commercial engagements/projects

Verses entered into an agreement last year with a national United States pharmacy retailer to enhance the retailer's operational intelligence, and the efficiency of its existing and newly designed distribution centres.

On Jan. 18, Verses announced its partnership with Analog in connection with potential smart city projects in Abu Dhabi.

Research and development (R&D)/benchmarks

On Feb. 22, 2024, Verses released a research road map that outlines its key milestones and benchmarks against which to measure the progress and significance of the company's research and development efforts against conventional deep learning.

Spatial Web Protocol, Architecture and Governance standards

On Friday, April 12, the company announced the progress of the Standard for Spatial Web Protocol, Architecture and Governance moving to the final balloting process at the Institute of Electrical and Electronics Engineers (IEEE).

Intellectual property

Verses has 11 patent applications currently pending. Ten are provisional and filed in the United States, but the company also has one international (PCT (Patent Cooperation Treaty)) application that is currently in the national phase. The company also has 14 registered trademarks (eight in the U.S. and six more in the European Union) plus another nine applications currently pending in the U.S., Europe and Australia. Verses also claims a variety of trade secrets and various copyrights in software, and other original works of authorship.

About Verses AI Inc.

Verses AI is a cognitive computing company specializing in biologically inspired distributed intelligence. The company's flagship offering, Genius, is patterned after natural systems and neuroscience. Genius can learn, adapt and interact with the world. Key features of Genius include generalizability, predictive queries, real-time adaptation and an automated computing network. Built on open standards, Genius transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines and AI across digital and physical domains. Imagine a smarter world that elevates human potential through innovations inspired by nature.