Latest news with #Analog
Yahoo
13-06-2025
- Automotive
- Yahoo
VERSES Announces Conversion of Analog to Genius Enterprise after successful UAE Pilot
Parties intend to expand Genius into Smart City projects for energy, urban robotics, and edge-AI projects VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) ("VERSES'' or the "Company'), a cognitive computing company specializing in next-generation agentic software systems, announces that following a successful smart cities mobility pilot with Analog, a physical intelligence company founded by technologist Alex Kipman, the companies intend to expand their collaborative work on smart cities projects, with Analog's conversion to an Genius Enterprise license. Genius, VERSES' Agentic Intelligence engine, analyzed historical ride-sharing and traffic data from two major international cities, and used it to improve fleet operational efficiency across a simulation of the cities. Changing traffic conditions and fluctuating demand create a constantly evolving challenge. In the pilot, Genius demonstrated up to a 32% increase in completed rides. The results indicated that a single fleet operator, working with only 400 active vehicles on a two-shift model, could use Genius to increase revenues by US$16 million annually. By recommending fleet management strategies, the Genius orchestration algorithm enabled drivers to complete more trips while reducing empty mileage and idle time, increasing profit margins and reducing costs. With the pilot complete, VERSES and Analog plan to pursue a series of new projects that apply Genius agents and their individual agent and multi agent fleet orchestration capabilities to higher-value, Smart City projects; urban challenges, from energy management and logistics to autonomous inspection robots and city-scale sensor fusion, which takes data from multiple sensors to create more accurate, reliable, and useful multidimensional models of city areas. The expanded collaboration will enable Genius to be hosted natively inside Analog's secure edge infrastructure, allowing near-real-time decisions on the ground while maintaining full data control and showcasing Genius' ability to be locally hosted in the UAE for local testing and deployment. Alex Kipman, Founder & CEO of Analog, said, 'At Analog, we believe intelligence is about adapting, evolving, and seamlessly integrating into the fabric of everyday life. Genius didn't just prove it could handle complexity—it showed us it could anticipate and creatively respond to real-world challenges. By embedding Genius Enterprise as a component of our solutions, we're crafting the nervous system of tomorrow's cities: intelligent, intuitive, and human-centric.' Gabriel René, Founder & CEO of VERSES said 'Billions of dollars are being invested in smart cities, led by the Middle East. And Analog is driving this progress. Fleets of autonomous cars, sensors, drones and robotics, as well as energy in a smart grid, will all need to be dispatched and coordinated, and current AI solutions simply fall short. This pilot shows the potential value that Analog, powered by Genius, can bring to the UAE and Smart Cities worldwide.' About VERSESVERSES® is a cognitive computing company focused on building next-generation intelligent software systems modelled after the wisdom and genius of nature. Designed around first principles found in science, physics and biology, the Company's flagship product, Genius,™ is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. Learn more at LinkedIn and X. About AnalogAnalog is a physical intelligence company headquartered in Abu Dhabi, building at the frontier of adaptive intelligence, edge computing, and mixed reality experiences. Founded in 2024, Analog exists to create a future without limits, where technology deepens human connection, expands possibility, and reimagines what is achievable. Guided by a human-first ethos, Analog designs systems that are not only intelligent but instinctive, merging digital and physical, functional and emotional. From hospitals to homes, from cities to simulations, we build technologies that listen, learn, and empower so that people can lead with purpose and progress can feel personal. For more information visit and follow on X: Analogai_ Instagram: Analogai_ LinkedIn: Analog-ai Note to editors The full legal name of Analog is Analog Technologies LLC On behalf of the CompanyGabriel René, Founder & CEO, VERSES AI Inquiries: press@ Relations InquiriesJames Christodoulou, Chief Financial OfficerIR@ +1(212)970-8889 This news release contains statements which constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information and forward-looking statements are often identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions. More particularly and without limitation, this news release contains forward–looking statements and information relating to the potential operational efficiencies predicted by Genius' taxi simulation; plans for future projects with Analog and the anticipated results of such projects; the planned integration of Genius into Analog's systems; and other statements that are not historical facts. The forward–looking statements and information are based on certain key expectations and assumptions made by the management of the Company. As a result, there can be no assurance that such plans will be completed as proposed or at all. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the operational strategies predicted by Genius' taxi simulation would also be effective in real-world scenarios; that the plans for future projects with Analog will proceed as anticipated, that the results of such future projects will be positive, and that Genius will successfully integrate into Analog's systems. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward–looking statements and information since no assurance can be given that they will prove to be correct. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, as highlighted above, risks that the operational strategies predicted by Genius' taxi simulation may not be effective in real-world scenarios; that the plans for future projects with Analog may not proceed as anticipated, or at all; that the results of such future projects may not be positive; and that Genius may not successfully integrate into Analog's systems. Accordingly, readers should not place undue reliance on the forward–looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward–looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arabian Business
31-03-2025
- Entertainment
- Arabian Business
Abu Dhabi teams up with Kimbal Musk to launch light shows with 10,000 drones
The world's largest fleet of light-show drones will take to the skies above Abu Dhabi to create stunning performances at iconic locations. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, witnessed the signing of a strategic partnership agreement between the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Colorado-based Nova Sky Stories, and Abu Dhabi-headquartered Analog, an Emirati company, specialised in physical intelligence and mixed reality. Through this multi-year partnership agreement, Abu Dhabi is set to launch a pioneering initiative that will integrate cutting-edge drone technology into large-scale immersive storytelling, further solidifying its position as a global hub for innovation in culture and entertainment. Abu Dhabi drone light shows The synchronised drone performances will create artistic narratives across multiple iconic locations, weaving together the emirate's rich heritage and dynamic future. It will introduce the world's most advanced fleet of 10,000 light-show drones, a first-of-its-kind initiative in the region, blending cultural narratives with advanced drone technology to create immersive experiences. Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi, said: 'By harnessing innovative technologies, we are finding new and immersive ways to share our vision and culture with the world. At the intersection of creativity and entertainment, this partnership with Nova Sky and Analog will challenge convention, raising the bar for what residents and visitors can experience. 'These visual spectacles reinforce Abu Dhabi's leading position in entertainment innovation, delivering experiential and memorable moments for all.' Kimbal Musk, CEO and Co-Founder of Nova Sky Stories, said: 'We are excited to be part of this partnership with DCT Abu Dhabi. With this pioneering initiative, Abu Dhabi is at the forefront of embracing innovation and will have the largest fleet of the most advanced light drones in the world for storytelling and entertainment. 'Nova empowers the world's greatest artists and musicians to bring their art to the sky and we cannot wait to show the world what is possible with a fleet this size.' Alex Kipman, Founder and CEO of Analog, said: 'Abu Dhabi's skyline is set to become a dynamic canvas for storytelling. We are painting holographic stories in the sky, fusing tradition with next-generation technology so audiences can feel that spark of wonder only possible when imagination meets reality. 'At Analog, we exist to birth new realities, and in partnership with Nova Sky Stories, DCT Abu Dhabi is reimagining what entertainment can be—one that honours Abu Dhabi's heritage and sets the bar for immersive experiences worldwide.'
Trade Arabia
11-03-2025
- Entertainment
- Trade Arabia
Nova Sky Stories in pioneering Abu Dhabi tourism initiative
US-based Nova Sky Stories has joined forces with Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Analog, an Emirati company specialising in physical intelligence and mixed reality, for the launch of a pioneering initiative that will integrate cutting-edge drone technology into large-scale immersive storytelling. The synchronised drone performances will create artistic narratives across multiple iconic locations, weaving together the emirate's rich heritage and dynamic future. It will introduce the world's most advanced fleet of 10,000 light-show drones, a first-of-its-kind initiative in the region, blending cultural narratives with advanced drone technology to create immersive experiences, said DCT Abu Dhabi in a statement. Through this multi-year partnership agreement, Abu Dhabi is set to further solidify its position as a global hub for innovation in culture and entertainment, it added. The deal was inked in the presence of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. DCT Abu Dhabi Chairman Mohamed Khalifa Al Mubarak said: "By harnessing innovative technologies, we are finding new and immersive ways to share our vision and culture with the world. At the intersection of creativity and entertainment, this partnership with Nova Sky and Analog will challenge convention, raising the bar for what residents and visitors can experience." "These visual spectacles reinforce Abu Dhabi's leading position in entertainment innovation, delivering experiential and memorable moments for all," he noted. Kimbal Musk, CEO and Co-Founder of Nova Sky Stories, said: "With this pioneering initiative, Abu Dhabi is at the forefront of embracing innovation and will have the largest fleet of the most advanced light drones in the world for storytelling and entertainment." "Nova empowers the world's greatest artists and musicians to bring their art to the sky and we cannot wait to show the world what is possible with a fleet this size," he stated. Alex Kipman, Founder and CEO of Analog, said: "Abu Dhabi's skyline is set to become a dynamic canvas for storytelling. We are painting holographic stories in the sky, fusing tradition with next-generation technology so audiences can feel that spark of wonder only possible when imagination meets reality." "At Analog, we exist to birth new realities, and in partnership with Nova Sky Stories, DCT Abu Dhabi is reimagining what entertainment can be—one that honours Abu Dhabi's heritage and sets the bar for immersive experiences worldwide," he noted. Powered by real-time synchronisation and adaptive intelligence, these dynamic drone formations will reimagine the possibilities of live entertainment, making Abu Dhabi's skyline an evolving canvas for innovation, he added.- TradeArabia News Service
Mid East Info
11-03-2025
- Entertainment
- Mid East Info
Khaled bin Mohamed bin Zayed witnesses signing of strategic partnership agreement between Department of Culture and Tourism – Abu Dhabi, Nova Sky Stories and Analog
Multi-year partnership reinforces Abu Dhabi's leading position in immersive storytelling and entertainment innovation. Abu Dhabi, UAE – March 2025: His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the signing of a strategic partnership agreement between the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Colorado-based Nova Sky Stories, and Abu Dhabi-headquartered Analog, an Emirati company, specialised in physical intelligence and mixed reality. Through this multi-year partnership agreement, Abu Dhabi is set to launch a pioneering initiative that will integrate cutting-edge drone technology into large-scale immersive storytelling, further solidifying its position as a global hub for innovation in culture and entertainment. The synchronised drone performances will create artistic narratives across multiple iconic locations, weaving together the emirate's rich heritage and dynamic future. It will introduce the world's most advanced fleet of 10,000 light-show drones, a first-of-its-kind initiative in the region, blending cultural narratives with advanced drone technology to create immersive experiences. His Excellency Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi, said: 'By harnessing innovative technologies, we are finding new and immersive ways to share our vision and culture with the world. At the intersection of creativity and entertainment, this partnership with Nova Sky and Analog will challenge convention, raising the bar for what residents and visitors can experience. These visual spectacles reinforce Abu Dhabi's leading position in entertainment innovation, delivering experiential and memorable moments for all.' Kimbal Musk, CEO and Co-Founder of Nova Sky Stories, said: 'We are excited to be part of this partnership with DCT Abu Dhabi. With this pioneering initiative, Abu Dhabi is at the forefront of embracing innovation and will have the largest fleet of the most advanced light drones in the world for storytelling and entertainment. Nova empowers the world's greatest artists and musicians to bring their art to the sky and we cannot wait to show the world what is possible with a fleet this size.' Alex Kipman, Founder and CEO of Analog, said: 'Abu Dhabi's skyline is set to become a dynamic canvas for storytelling. We are painting holographic stories in the sky, fusing tradition with next-generation technology so audiences can feel that spark of wonder only possible when imagination meets reality. At Analog, we exist to birth new realities, and in partnership with Nova Sky Stories, DCT Abu Dhabi is reimagining what entertainment can be—one that honours Abu Dhabi's heritage and sets the bar for immersive experiences worldwide.' A New Dimension of Storytelling: Powered by real-time synchronisation and adaptive intelligence, these dynamic drone formations will reimagine the possibilities of live entertainment, making Abu Dhabi's skyline an evolving canvas for innovation.
Gulf Today
11-03-2025
- Entertainment
- Gulf Today
Khaled witnesses strategic agreement of DCT Abu Dhabi, Nova Sky Stories, Analog
His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the signing of a strategic partnership agreement between the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi), Colorado-based Nova Sky Stories, and Abu Dhabi-headquartered Analog, an Emirati company, specialised in physical intelligence and mixed reality. Through this multi-year partnership agreement, Abu Dhabi is set to launch a pioneering initiative that will integrate cutting-edge drone technology into large-scale immersive storytelling, further solidifying its position as a global hub for innovation in culture and entertainment. The synchronised drone performances will create artistic narratives across multiple iconic locations, weaving together the emirate's rich heritage and dynamic future. It will introduce the world's most advanced fleet of 10,000 light-show drones, a first-of-its-kind initiative in the region, blending cultural narratives with advanced drone technology to create immersive experiences. Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi, said, 'By harnessing innovative technologies, we are finding new and immersive ways to share our vision and culture with the world. At the intersection of creativity and entertainment, this partnership with Nova Sky and Analog will challenge convention, raising the bar for what residents and visitors can experience. These visual spectacles reinforce Abu Dhabi's leading position in entertainment innovation, delivering experiential and memorable moments for all.' Kimbal Musk, CEO and Co-Founder of Nova Sky Stories, said, 'We are excited to be part of this partnership with DCT Abu Dhabi. With this pioneering initiative, Abu Dhabi is at the forefront of embracing innovation and will have the largest fleet of the most advanced light drones in the world for storytelling and entertainment. Nova empowers the world's greatest artists and musicians to bring their art to the sky and we cannot wait to show the world what is possible with a fleet this size.' Alex Kipman, Founder and CEO of Analog, said: 'Abu Dhabi's skyline is set to become a dynamic canvas for storytelling. We are painting holographic stories in the sky, fusing tradition with next-generation technology so audiences can feel that spark of wonder only possible when imagination meets reality. At Analog, we exist to birth new realities, and in partnership with Nova Sky Stories, DCT Abu Dhabi is reimagining what entertainment can be-one that honours Abu Dhabi's heritage and sets the bar for immersive experiences worldwide.' Powered by real-time synchronisation and adaptive intelligence, these dynamic drone formations will reimagine the possibilities of live entertainment, making Abu Dhabi's skyline an evolving canvas for innovation. Alpha Data's listing: The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, today welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE's first IPO and the Exchange's second offering in 2025, reinforcing the Exchange's commitment to broadening the market and offering diversified investment opportunities. Alpha Data's IPO attracted strong demand from regional and international investors, with the Offering oversubscribed by double digits. The company raised Dhs600 million (US$163 million) through the issuance of 400 million shares, representing 40% of its issued share capital, at the top end of its offer price of Dhs1.50 per share. Upon listing, Alpha Data's market capitalisation stands at approximately Dhs1.5 billion (US$408 million), underscoring its strong position in the UAE's technology sector. The listing underscores ADX's commitment to supporting the UAE's tech industry by attracting high-growth companies in future-focused fields such as AI, the Internet of Things (IoT), Big Data, and Cloud Computing. Through its deep and dynamic capital market, ADX provides companies with efficient access to growth capital, supporting their expansion and innovation while reinforcing its role in driving economic diversification and technological advancement. Commenting on the listing, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said, 'We are delighted to welcome Alpha Data to ADX as the UAE's first IPO of 2025 and our second offering during the year. This milestone reflects our unwavering commitment to providing investors with access to a dynamic and diversified marketplace, particularly in the high-growth digital infrastructure and technology sector. As ADX continues to expand its offering, we are creating greater opportunities for investors to participate in the digital economy. The listing of Alpha Data-an industry leader in AI, Big Data, and Cloud solutions- is an extension of the ADX Group's efforts in enabling pioneering businesses to drive innovation and support Abu Dhabi's economic transformation. As a key enabler of sustainable growth and capital market development in the region, we will continue to support more private companies to achieve their growth ambitions via the ADX listing platform.' Fayez Ibbini, Founder and CEO of Alpha, commented, 'We are incredibly proud to join the Abu Dhabi Securities Exchange as a homegrown UAE family business after seeing strong demand and support for our strategic vision during our IPO. Our listing marks an exciting new chapter for Alpha Data and is more than just a milestone in our 40-year journey of growth and innovation; it's a commitment to our shareholders and the broader market to keep delivering growth and champion technological developments. We look forward to continue driving digital transformation and delivering exceptional value to our shareholders as we step into this new era.' ADX's has recently announced the recent launch of ADX Group, which has established advanced trading, clearing, and settlement capabilities through its new subsidiaries, AD Clear and AD CSD. These developments create a more dynamic and efficient marketplace for issuers and investors, cementing Abu Dhabi's status as a leading global financial centre.
