VERSES AI Inc., a cognitive computing company specializing in the next generation of artificial intelligence, announces winning a research and innovation grant in the amount of €418,000 from the EU Commission and their Horizon Europe project entitled dAIEDGE, a network of excellence for “distributed, trustworthy, efficient and scalable AI at the Edge.”
Artificial intelligence (AI) is becoming a major force in shaping the future of the internet and the world. By combining edge computing and AI (Edge AI), devices can make decisions in a few milliseconds by processing data directly at the point of origin—without insecure connections, high latency, large energy overheads or costs due to transmission. Edge AI is therefore a pathfinder and accelerator for many new applications in areas such as autonomous driving, personalized digital assistance and intelligent service robots.
“The dAIEDGE is a very exciting project poised to revolutionize the development and market adoption of distributed edge AI solutions in Europe. Together with our consortium partners, we will be at the heart of steering AI onto a path of sustainable growth, and paving the way for a future where digital advancements and environmental consciousness go hand in hand,” said Philippe Sayegh, VERSES Chief Adoption Officer.
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As part of the European Union’s initiative “European Network of AI Excellence Centres: Expanding the European AI lighthouse,” the main objective of the project is to create a Network of Excellence Centers for AI-based edge solutions. This network aims to support and ensure rapid development and market adoption of distributed Edge AI technologies, such as hardware, software, frameworks and tools that are reusable, secure and trustworthy.
The applications of dAIEDGE are expected to be used in a wide range of fields, such as the Internet of Things (IoT), intelligent transportation systems, robotics and healthcare.
“The development of smart edge devices drastically increases their ability to make complex decisions autonomously and respond to real-time data. This is the basis for a dynamic AI ecosystem with distributed, trustworthy, efficient and scalable AI methods,” says Prof. Didier Stricker, head of research lab Augmented Vision at consortium leader DFKI in Kaiserslautern.
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VERSES Global B.V. has been selected as part of a European consortium of experts in artificial intelligence, embedded computing, microprocessors, distributed hardware and software, computer science and engineering that will work closely together to provide ideas, tools, services, guidelines and trends to support the next generation of Edge AI technologies.
VERSES Global B.V. is expected to lead and contribute to several working packages and tasks of the dAIEDGE project. This includes the definition of the AI lighthouse strategy, Edge AI application requirements and trends across domains and industries. Additionally, VERSES Global B.V. is expected to provide a contextual model called Hyperspace Modelling Language (HSML) and a communication protocol known as Hyperspace Transaction Protocol (HSTP). VERSES Global B.V. is also expected to participate in use case scenarios in smart warehouse and smart city domains using AI at the edge.
“We are thrilled to have won this grant from the EU Commission and to be a part of the dAIEDGE project,” said Gabriel René, VERSES CEO. “As a leading provider of advanced AI solutions, we are committed to developing technologies that can drive innovation and create value for our customers. The dAIEDGE project is an excellent opportunity to collaborate with other industry leaders, academics and SMEs to achieve breakthroughs in the field of AI and network automation.”
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