Versus Systems Secures New U.S. Patent for Machine Learning and Artificial Intelligence System
May 10 2023 - 8:30AM
Versus Systems Inc. (“Versus” or the “Company”) (NASDAQ: VS)
announces that the U.S. Patent and Trademark Office (USPTO) has
issued Versus a new patent titled "PROCESSING IN-CONTENT CHALLENGES
FOR ONLINE GAMING SYSTEMS." - a patent that describes uses of
machine learning and artificial intelligence (AI) that can optimize
in-game coupons and rewards for both the player and the
prize-providing brand.
Versus’ new patent, which has a priority date of March 11, 2020,
was issued by the USPTO on May 9, 2023. The 20 protected claims in
the patent include methods for using ML and AI to contextualize and
personalize both digital and real-world rewards inside interactive
media. The claims include advertising campaign optimization, and
player value optimization.
This is the sixth patent that the USPTO has issued to Versus on
the subject of interactive media and in-game rewards and it is
Versus seventh patent overall. Versus continues to develop and file
patent claims for new technologies focused on interactive media
applications, securing intellectual property protection in the
United States and other Patent Cooperation Treaty countries. Versus
patent portfolio now covers over 100 claims for in-game prizing,
dynamic regulatory compliance, single and multiplayer prizing,
competitive balance, rewards in streaming media, and the uses of AI
and Machine Learning to optimize player experience and advertising
campaign efficacy.
“Interactive content is constantly evolving, and AI is at the
forefront of this transformation,” said Matthew Pierce, Founder and
CEO of Versus Systems. “With AI, brands will be able to
improve the returns on their ad spend while players get more of the
rewards that they want. Machine Learning is going to help make
Versus-enabled interactive media more engaging, more fun, with
better value for all involved.”
About Versus Systems
Versus Systems Inc. is an engagement and rewards company that
makes live events, games, shows, and apps more fun to watch and
play. Versus adds interactive games, polling, trivia, predictive
elements, and other win conditions to existing entertainment -
whether in-venue or online - making the content more contextual,
personal, and rewarding. Versus works with world class sports
teams, leagues, venues, entertainment companies, and other content
creators to make engaging, rewarding experiences for fans all over
the world. For more information, please visit
www.versussystems.com or visit the official Versus
Systems YouTube channel.
Disclaimer for Forward-Looking Information
This news release contains certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, are forward looking statements
and are based on expectations, estimates and projections as at the
date of this news release. Any statement that involves discussions
with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions, future events or performance
(often but not always using phrases such as "expects", or "does not
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stating that certain actions, events or results "may" or "could",
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not statements of historical fact and may be forward looking
statements. These forward-looking statements are based on
reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may
differ materially as forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Although the forward-looking statements contained in
this news release are based upon what management of the Company
believes, or believed at the time, to be reasonable assumptions,
the Company cannot assure shareholders that actual results will be
consistent with such forward-looking statements, as there may be
other factors that cause results not to be as anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements and information. There can
be no assurance that forward-looking information, or the material
factors or assumptions used to develop such forward-looking
information, will prove to be accurate. The Company does not
undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements, except as
required by applicable law.
Investor Contact:Cody Slach and Jackie
KeshnerGateway Group,
Inc.949-574-3860IR@versussystems.comorpress@versussystems.com
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