In late January, DeepSeek disrupted everything about artificial intelligence. All after the startup “presented a ChatGPT-like model called R1, which has all the familiar abilities operating at a fraction of the cost of OpenAI’s, Google’s, or Meta’s popular AI models,” said CNN. “The company said it had spent just $5.6 million training its newest AI model, compared with hundreds of millions or billions of dollars US companies spend on their AI technologies.” Of course, many of the top AI names on the market dropped on the news, including VERSES AI’s (CBOE: VERS) (OTCQB: VRSSF), Nvidia (NASDAQ: NVDA), Palantir Technologies (NASDAQ: PLTR), Advanced Micro Devices (NASDAQ: AMD) and Alphabet (NASDAQ: GOOG).
However, the DeepSeek fueled pullback was an overreaction, but it also changed the way we approach the development of artificial intelligence. In fact, according to TechRadar.com, “DeepSeek’s emergence offers valuable lessons for innovation, proving that AI development does not require vast infrastructure investment. By prioritizing algorithmic efficiency over raw computing power, DeepSeek has shown that innovative architecture and strategic resource allocation can rival billion-dollar data centers.”
We’ll learn more about Life after DeepSeek when VERSES AI’s CEO and Founder Gabriel René and CFO James Christodoulou speak at the 37th Annual ROTH Conference on March 16th-18th.
VERSES’ (CBOE: VERS) (OTCQB: VRSSF) is Presenting at the 37th Annual Roth Conference
VERSES AI Inc., a cognitive computing company specializing in next-generation intelligent software systems, announces that CEO and Founder Gabriel René and CFO James Christodoulou will be attending and presenting at the 37th Annual ROTH Conference in Dana Point, CA on March 16th-18th, 2025. Mr. René will be speaking on the panel titled “AI - Life After Deepseek: AI CEO's Speak” from 8:00am-8:55am PT (11:00am-11:55am ET) on Tuesday, March 18th and participating in 1-on-1 meetings.
This year’s event will consist of 1-on-1, small group meetings, analyst-selected fireside chats, industry keynotes and panels with executive management attending from approximately 450 private and public companies in a variety of growth sectors including: Business Services, Consumer, Healthcare, Industrial Growth, Insurance, Resources, Sustainability and Technology, Media & Entertainment.
To learn more and submit a registration request, visit: https://ibn.fm/Roth2025Registration
The live audio webcast and replay of the panel will be available here: https://wsw.com/webcast/roth50/ and in the investor relations section of the VERSES website at VERSES.AI.
Other related developments from around the markets include:
Nvidia reported revenue for the fourth quarter ended January 26, 2025, of $39.3 billion, up 12% from the previous quarter and up 78% from a year ago. For the quarter, GAAP earnings per diluted share was $0.89, up 14% from the previous quarter and up 82% from a year ago. Non-GAAP earnings per diluted share was $0.89, up 10% from the previous quarter and up 71% from a year ago. For fiscal 2025, revenue was $130.5 billion, up 114% from a year ago. GAAP earnings per diluted share was $2.94, up 147% from a year ago. Non-GAAP earnings per diluted share was $2.99, up 130% from a year ago.
Palantir Technologies announced the successful deployment of its specialized technological solutions within Societe Generale, a top tier European bank, for its international retail banking activities. The solution deployed relates to cutting-edge technologies ensuring the highest standards of security and data integrity. The partnership sees Societe Generale, integrate Palantir's state-of-the-art Anti Financial Crime solutions, tailored specifically to address the challenges faced by international financial institutions today. Built on Palantir Foundry, this suite of solutions includes advanced analytics, machine learning algorithms, and comprehensive risk assessment tools designed to detect, prevent, and mitigate financial crime’s risks such as money laundering or fraud.
Advanced Micro Devices unveiled the highly-anticipated AMD RDNA 4 graphics architecture with the launch of the AMD Radeon RX 9070 XT and RX 9070 graphics cards as a part of the Radeon RX 9000 Series. The new graphics cards feature 16GB of memory and extensive improvements designed for high-quality gaming graphics, including re-vamped raytracing accelerators and powerful AI accelerators for ultra-fast, cutting-edge performance, and breakthrough gaming experiences. The RX 9000 Series, powered by the new AMD RDNA 4 architecture, offers gamers and creators a powerful blend of performance, visuals, and value. These advanced graphics cards redefine incredibly fast, high-resolution gaming with third-generation raytracing technology enabling realistic lighting, shadows, and reflections to deliver immersive gaming experiences while integrating a suite of AMD features to maximize hardware utilization.
Alphabet announced financial results for the quarter and fiscal year ended December 31, 2024. Consolidated Alphabet revenues in Q4 2024 increased 12% year over year to $96.5 billion reflecting robust momentum across the business. Google Services revenues increased 10% to $84.1 billion, reflecting the strong momentum across Google Search & other and YouTube ads. Google Cloud revenues increased 30% to $12.0 billion led by growth in Google Cloud Platform (GCP) across core GCP products, AI Infrastructure, and Generative AI Solutions. Total operating income increased 31% and operating margin expanded by 5% percentage points to 32%. Net income increased 28% and EPS increased 31% to $2.15.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for VERSES AI Inc. by VERSES AI Inc. We own ZERO shares of VERSES AI Inc. Please click here for disclaimer.
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