Business
VERSES Demonstrates Smart Building Energy Optimization
VANCOUVER, British Columbia, March 18, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB...
About this update from Verses Ai Inc
[{"type":"text","content":"VERSES Demonstrates Smart Building Energy OptimizationExhibition Showcases Multi-Agent Smart Grid Automation and Efficiency Management\n\n\n\n VANCOUVER, British Columbia, March 18, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) (\"VERSES'' or the \"Company”) a cognitive computing company specializing in next-generation intelligent software systems, announces the completion and exhibition of its work on sustainable building management, or smart homes, for the invite-only Turing Grand Challenge at\n \n\n AI UK 2025\n \n\n\n 1\n \n on March 17th and 18th.\n \n\n “We believe the challenge with today’s rule-based energy control systems, such as smart homes, is that they are reactive and don’t take into account other variables like hyper-local weather, multiple energy sources (grid, solar, battery), carbon emissions or room occupancy, and therefore they really aren't ‘smart’,” said VERSES CEO, Gabriel René. “In this exhibition, we show how multiple agents working together can better predict which actions to take, given various trade-offs to achieve a desired goal. This might include deciding to switch a source of power from solar to electrical or preemptively adjust heating and cooling temperature based on weather conditions, occupancy, cost or efficiency goals.”\n \n\n According to the US Department of Energy, buildings are responsible for 40% of global energy consumption and roughly one-third of that is wasted at a cost of\n \n\n $150 billion annually\n \n\n .\n \n 2\n \n\n\n The VERSES exhibit, entitled\n \n EcoNet: a Multi-Agent Active Inference System for Urban Energy Optimisation\n \n , is a joint effort between VERSES researchers and University College London (UCL), that addresses a key aspect of the environment and sustainability objectives of Turing Grand Challenge, which seeks to develop AI systems that can reduce the impacts of climate change by managing energy use effectively.\n \n\n “We believe this demonstration of autonomous multi-agent coordination in a complex dynamic system like energy management is an ideal showcase for Genius,” said CTO Hari Thiruvengada. “While this specific use case is applicable from studio apartments all the way up to skyscrapers and to large industrial buildings, the more general proble...