Capt_Smith77
2 weeks ago
Yes, they've had more promotional services than I'd like to see, especially of the type that do very little.
I understand that they want to get the word out about the new methods revolved around active inference, but the way they've gone about it has produced limited results to date, IMO.
Hopefully that changes for the better, and we start to see the stock price reflective off those changes.
einstock
2 weeks ago
Anyone who highlights a penny stock WITHOUT disclosing the extreme risks, in my opinion, is misleading the public.
There are numerous entities that tout the potential of lower-priced stocks but never tell the audience the risks associated with them.
Having invested in lower priced, unprofitable stocks for over 30 years, many never make it or investors get extremely diluted.
However, the ones that do can offer extremely life-changing opportunities.
crazyflavor
2 weeks ago
So I’ll say shame on me 1st. I made a few assumptions looking at their filings about where their marketing was going. I spoke with management a few months ago but the person I spoke with was more on the technical side (not finance or accounting).
My issue is there is ALOT of money going to people that don’t look like they are adding much value to the company.
VHLA media got $110k (that’s a rough conversion from CAD)
“This communication is a paid advertisement and is not a recommendation to buy or sell securities. Its owners, managers, employees, and assigns Black Swan Solutions Inc, DBA VHLA Media Inc has been paid for by Verses AI Inc. (the “Company”) CAD$150,000 for an ongoing marketing campaign including this article among other things. This compensation is a major conflict with our ability to be unbiased”
And
Real Creative Agency (who appears to be einstock here on I-hub) is being paid 10k per month. Here is a quote from his YouTube disclaimer.
“VERSES Technologies is an extremely high-risk investment, and it is HIGHLY LIKELY you can LOSE YOUR ENTIRE INVESTMENT.”
My problem with people who post videos claiming they have found a company that has solved AGI (or the cure for cancer) and then throw a disclaimer out there where they think no one will look for it is it is a pretty crappy thing to do. It feels scammy.
Most importantly this is a small public company. They should be spending money carefully. The amount of money spent on these two stock promoters alone probably would have paid another programmers salary for a year. These “influencers” are putting out a handful of videos that at best have 1-2k views.
Don’t believe me check the description for VHLA Media and real creative agency YouTube videos.
I’d love to know if either of these promoters own shares in Verses & if so how many shares?
Since the company doesn’t have open source software it is hard to know if what they are selling is what they say it is. None of us can really look under the hood, and yes I understand that Karl Friston is their head scientist (he adds a lot of credibility). However, Karl Friston is not a software engineer. By December of this year we’ll know if they have what they say they have.
All the best (& Happy Tax Day),
Capt_Smith77
2 weeks ago
When the fake short report came out, there were multiple people on some of the boards that claimed they sold their shares on the report because in the end they didn't know what they owned. There were even some that sold shares, and bought back cheaper same day, which can lead to tax issues with wash sales. It was said by some that the short report included made up email addresses. There was so much that wasn't covered by this report, also, as the company employs dozens of PHds, many of whom work in active inference, didn't bother to address the fact that Friston, Ramstead, and other high profile individuals work at the company, nor did they bother to tackle anything related to the claims by the company of having a superior product ready to challenge all of the supposed pillars of AI to benchmark tests.... .a product that has actual explainability and doesn't require much to power it. If you need to train AI agents with the Genius platform, a simple laptop will suffice, and doesn't require the huge infrastructure of expensive NVIDIA GPUs.
In reality I think that they may need more promotional activities if people don't understand what the company and its technology is based around. Stock promotions are one thing, but getting the word out about the difference between what's already out there available and what Verses AI is all about and what exactly sets it far apart from the rest is key.
The only thing that changed last week was that the company is one giant step closer to becoming a major player in enterprise AI as the non profit side of their business succeeded in moving forward the spatial web protocol standards to a final vote. Funny how this lame short report and attack came just two days prior, with so many demanding that the company answer up to this bullshit. Once these new standard protocols are approved, companies that support the open standards will come out of the woodwork and be the first to join Verses in the new web layer that's offered on a global scale. As co-founder Dan Mapes stated on the video two years ago where he spoke about the company's partnership with Microsoft, the huge part of the new web is in digital twins, as you'll eventually have digital twins of practically everything on the new web, including cities, landscapes, oceans, companies and their supply chains, etc. This is no longer down the road.... It's here on the doorstep. The IEEE called the development of these new standard protocols a public imperative.
On a side note, the company has a patent revolved around neuromorphic computing, and I urge everyone to go back and listen to the interview between Gabriel Rene and George Gilder. Despite Verses AI being known solely as a software company, Rene oddly approaches Gilder near the end about the hardware side of things, and while Mr Gilder rambles a bit on and on about graphene, once finished, Gabe returns to the discussion about hardware and neuromorphic computing. He's basically throwing it out there that the company has successfully used their active inference methods and coding on a neuromorphic chip level to see a combined hundred thousand times increase in processing power. Now there are only so many companies and entities working on neuromorphic computing, and I sure as hell am curious who they're working directly or indirectly with when it pertains to neuromorphics. I always believed that there must be a hardware connection with a company like Verses, and this video sheds light that indeed there likely is a major connection as they plan to disrupt the entire industry on the edge. A little reasearch into neuromorphics, and its believed by some to be far more important than quantum computing, which is much further out. If the company is quietly working behind closed doors with Intel, IBM, Brainchip, or one of the others that offers a type of neuromorphic chip on the edge, this is huge. It would also help explain the level of enthusiasm that Gabe showed on the company's webinar from just a few short weeks ago.... an exciting event that so many have already apparently long forgotten.
We all have our own decisions to make whether we buy, hold, or sell the stock, but I'll continue to hold as I believe in the company and its vision. I couldn't even fathom selling my shares at this point either, as the company is about to embark on its next level of beta testing in a matter of a few short weeks with what I believe will be dozens or more of potential enterprise level clients, some of them being rather large.
Capt_Smith77
3 weeks ago
Its being reported by various individuals around the web that the IEEE working group voted on and approved what I understand to be the final draft of the spatial web protocols. Gabriel Rene is the head of the working group, but I believe that most of the group itself have zero ties to Verses AI itself. The company is basically gifting the standards to the world as part of their non profit.
There was an individual that posted on the yahoo board just yesterday that appeared to be working for the company, saying that he, (he likely meaning the CEO) was busy preparing for the speech of his life, and basically needed to be left alone to get the job done. While I knew that this meeting was important and revolved around the final draft of the standards, I was unaware that any vote was necessary by the group, and possibly underestimated the importance of it, despite my enthusiasm. I've read that even Karl himself and other key members were present for the vote, and that there was a celebration of sorts with the resulting vote.
The short report couldn't have come at a more inconvenient time for the company and its shareholders, but it was likely timed as such. If the standards are approved by the IEEE then Verses AI is literally the first company in the world that is already prepared to take off running with the new web layer. I believe voting will be within a few weeks time, but am expecting the company or individuals within the company to update shareholders, possibly as early as Friday.
Capt_Smith77
1 month ago
Its been said in the past that Verses has somehow included neuromorphics into the HSML language for the new web, but I've always expected that they were working on the hardware side (chips), as hardware will always be required to make anything happen at the edge.
In the long interview between Gabriel Rene and Mr Gilder, at the 45:00 mark, I had to play that over again several times to really believe what I was hearing. If I'm hearing it correctly, it sounds as though the company has successfully incorporated active inference into someone like IBM or Intel's neuromorphic chips, which has created a combined increase in performance of many magnitudes. The company already has a patent related to neuromorphics.
Capt_Smith77
2 months ago
Genius trademark..... I'm not an expert by any means on this subject, so take everything I say with a grain of salt on this subject.
It looks like Apple sent a LOP to the trademark office back in November, essentially protesting the trademark based on confusion. I say Apple, because the trademark that the patent/trademark office references in the LOP message to the company is directly Apple's. Shocking I know, but there are a LOT of genius trademarks out there, and just as feared, confusion isn't acceptable between them. It appears that the hurdle of goods/services was resolved, but you have multiple Genius marks that all look identical. The way I'm understanding it, is that the mark itself needs to change, or they have to remove the goods/services that are covered by other companies. I'm betting that the company sticks to its guns, but changes the look or lettering a bit to get it passed. They already abandoned the COSM/KOSM marks last year as they were facing opposition; I can't see them scrapping for a third.