VERSES Technologies Has A Potential $28.5 Billion Opportunity In AGI

The artificial intelligence (AI) story shows no signs of slowing.

Instead, AI – which could be worth $1.8 trillion by 2030, according to Statista – is already changing just about everything. Now, we’re even looking at a sizable opportunity in AGI, or Artificial General Intelligence, where AI can perform all human cognitive skills better than the smartest human, as noted by Forbes.

Plus, according to TechTarget.com, “AGI should theoretically be able to perform any task that a human can and exhibit a range of intelligence in different areas without human intervention. Its performance should be as good as or better than humans at solving problems in most areas.”

All could contribute to an AGI market worth about $28.5 billion by 2033 from a current valuation of about $1.53 billion.

Look at VERSES Technologies Inc. VERS VRSSF Progress with AGI 

VERSES AI Inc., a cognitive computing company specializing in biologically inspired distributed intelligence, today announced Nalantis as the first participant in a private Genius™ beta program, which aims to advance and redefine AI.

Nalantis is a next-gen language technology company bridging the gap between processing and understanding data. Their solution integrates semantics, linguistics, machine learning and deep learning to foster semantic language representation and the analysis of unstructured text. Nalantis improves the analysis of documents and allows a contextual understanding of text from documents, videos and other sources. 

Nalantis is a partner of VERSES in the Flying Forward 2020 project and also part of another EU-funded project SEMCITY, that aims to make regulations universally accessible for civil servants, residents and businesses using AI-powered technologies. The project addresses a market of over 2,500 municipalities in the EU and will enable legal digital services around local, national, and European regulations and legislation.

The private beta program which will initially consist of ten strategic companies, is an example of VERSES AI’s commitment to innovation and is designed to harness the collective expertise of industry leaders. Management believes that the addition of Nalantis to the Genius™ beta program reflects a strategic move to expand the horizons of intelligent software systems.

“The addition of Nalantis to the Genius™ beta program is a milestone for VERSES as they are the first participant we can announce. Additionally, their expertise in natural language processing adds a new dimension to our collaborative efforts and to the advancement of Genius™ capabilities. We are aiming to achieve groundbreaking results as we work together with the goal of shaping the future of AI,” said VERSES CEO and founder Gabriel René.

“Our partnership with VERSES AI has the potential to advance our mutual technologies into a more innovative offering to influence multiple industries including autonomous compliance, human resources management and governmental systems,” said Frank Aernout, CEO of Nalantis.

Join the company on Friday, November 3rd at 1pm EST / 10am PST / 7pm CET for an introduction to Genius™. Designed from first principles and patterned after the wisdom of nature, Genius™ is an intelligent software program that can learn, reason, adapt and interact in digital and physical domains. Click here for more on how to attend.

To read more about VERSES Technologies VERS VRSSF, click here.

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