Source: Verses AI Inc.
  • Verses AI (NEO:VERS) is teaming up with the National Aeronautics and Space Administration’s (NASA) Jet Propulsion Laboratory (JPL)
  • The Canadian AI firm is working on the beta program of its Intelligence-as-a-Service platform, Genius, which can enable intelligent software agents that can learn, adapt and interact with the world
  • NASA has an interest in standardizing infrastructure and supporting the space economy, which Morgan Stanley estimates may grow to US$1 trillion by 2040
  • Verses AI Inc. last traded at C$1.23 per share

Verses AI (NEO:VERS) is teaming up with the National Aeronautics and Space Administration’s (NASA) Jet Propulsion Laboratory (JPL).

The Canadian AI firm is working on the beta program of its Intelligence-as-a-Service platform, Genius, which can enable intelligent software agents that can learn, adapt and interact with the world.

There is a new “space race” happening, and NASA wants to advance international and interagency collaboration on space exploration efforts through technology and policy standards. NASA has an interest in standardizing infrastructure and supporting the space economy, which Morgan Stanley estimates may grow to US$1 trillion by 2040. PWC forecasts that at that time the lunar economy could reach US$170 billion, as the potential grows for governments and countries to exploit natural resources on the moon, comets and asteroids. NASA has determined that protections needed to be put in place, and the agency turned to the Vancouver-based cognitive computing company on the NEO exchange to help.

In 2020, NASA published the Artemis Accords, a non-binding multilateral arrangement between 32 governments around the world and one territory participating in NASA’s Artemis space program, which aims to return to the moon by 2025.

Beyond governance, NASA says many technical specifications must be developed, including power distribution, communications, positioning, navigation and timing, lunar surface surveying, lunar satellite networks for guidance and communications, and cislunar space traffic control.

“We believe that interoperability, knowledge sharing, transparency and accountability are prerequisites for collaboration in space and is precisely the kind of application that Genius is uniquely designed to enable,” Verses CTO, Jason Fox said in a news release. Genius is built on the open standards designed by the Spatial Web Foundation being developed within the IEEE (Institute of Electrical and Electronics Engineers), the world’s largest standards development organization (SDO) and works with many other SDOs and government agencies involved in space exploration.

Specializing in biologically inspired distributed intelligence, Verses AI is focused on developing next-generation artificial intelligence solutions, including the Genius platform.

Verses AI Inc. last traded at C$1.23 per share.

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