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Verses AI Inc
Symbol VERS
Shares Issued 168,107,952
Close 2024-10-18 C$ 0.60
Market Cap C$ 100,864,771
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Verses AI reviews study results with Volvo Cars

2024-10-21 15:40 ET - News Release

Mr. Gabriel Rene reports

VERSES AND VOLVO CARS DEMONSTRATE PEDESTRIAN VEHICLE SAFETY ADVANCEMENT

Verses AI Inc. has released the initial results of the Genius Beta Partner collaboration and details of the publishing of a paper co-authored by research teams at both Volvo Cars and Verses. The paper uses Verses' algorithms to predict the appearance of pedestrians, cyclists and cars that are obscured behind stationary vehicles and objects. An advancement beyond current capabilities of autonomous vehicle AI (artificial intelligence).

"As the automotive industry progresses towards fully autonomous self-driving cars, predicting where unseen obstacles like people or bicyclists may be or which trajectory they may be on has been a significant unsolved safety challenge. We believe the inability of current autonomous driving systems to overcome this hurdle is holding back the AV industry worldwide. Volvo Cars is globally recognized for its unwavering commitment to vehicle safety. So, they were the perfect partner to work with to showcase how Verses can help solve this problem," said Gabriel Rene, chief executive officer of Verses. "We believe this research project with Volvo Cars, part of our Genius Beta project, demonstrates a major advancement in autonomous vehicle safety capability. We expect the research project to pave the way for safer streets for pedestrians, cyclists, cars, robots and beyond."

The paper, titled "Navigation under uncertainty: trajectory prediction and occlusion reasoning with switching dynamical systems," can be found on Verses' website or on Arxiv.

The paper explores a way to predict the trajectory of movement for people, animals and objects occurring behind stationary objects like parked cars to help vehicles and drivers avoid them if the people enter the street unexpectedly. The research presents completed experiments illustrating capabilities using the Waymo open dataset. The results demonstrate significant improvements in predicting animals, people and objects entering the street, something that vehicles with current AI have not been able to do.

About Verses AI Inc.

Verses is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of nature. Designed around first principles found in science, physics and biology, its flagship product, Genius, is a toolkit for developers to generate intelligent software agents that enhance existing applications with the ability to reason, plan and learn.

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