Press Release: VERSES Announces US $10M Investment by G42

Dow Jones06-20

generation of intelligent software and that it can be effectively utilized and relied upon in smart cities.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that global demand for AI will continue to rise across all industries and that the need for more adaptive and efficient AI will increase; that Verses' approach will be instrumental in powering the next generation of intelligent software and that it can be effectively utilized and relied upon in smart cities.

Additionally, forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the risk that the global demand for AI will stagnate or decline; that Verses' approach will be ineffective in the next generation of intelligent software or that it may not be effectively utilized and relied upon in smart cities. The forward-looking statements contained in this press release represent management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this press release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this press release by you or any of your representatives or for omissions from the information in this press release.

(1) For the purpose of this investment, Group 42 Holding LTD utilizes Expansion Project Technologies Holding 9 SPV RSC Ltd (EPTH), an indirect wholly-owned subsidiary.

(END) Dow Jones Newswires

June 20, 2024 09:42 ET (13:42 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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