10:21:07 EDT Sun 19 May 2024
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Verses AI Inc
Symbol VERS
Shares Issued 83,578,924
Close 2023-10-31 C$ 1.46
Market Cap C$ 122,025,229
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Verses backs Biden's executive order on AI safety

2023-11-01 10:21 ET - News Release

Mr. Gabriel Rene reports

VERSES ENDORSES WHITE HOUSE EXECUTIVE ORDER ON ARTIFICIAL INTELLIGENCE

Verses AI Inc. has provided commentary from founder and chief executive officer Gabriel Rene on the recently announced White House AI Executive Order on Safe, Secure and Trustworthy Artificial Intelligence.

"We were very encouraged to see the issuance of this order," said Mr. Rene. "For the past two years, we have been developing the IEEE [Institute of Electrical and Electronics Engineers] socio-technical standards as tools to help ensure that AI systems are safe, secure, trustworthy and privacy-preserving. Our report, 'The Future of AI Governance,' offers a unique perspective on global artificial intelligence governance that combines the legal expertise of the world's largest law firm, Dentons, the AI acumen of Verses and guidance on socio-technical standards from the Spatial Web Foundation.

The report introduces a generation of socio-technical standards that the company expects to help drive the global discourse on AI governance. New socio-technical standards can reshape how the world confronts the challenges of governing AI by addressing interoperability, explainability and the exponential advancement of AI systems toward greater intelligence and autonomy.

In addition, the report proposes an AI rating system that ranks the levels of intelligence and autonomy exhibited and provides potential corresponding governance frameworks at each level while addressing fundamental questions like:

  • How can governments regulate AI systems on a path to regulating themselves?
  • How can humans ensure AI alignment with values, principles and laws?
  • How can AI governance enable fair and equitable services for all?
  • How do we encode and enforce AI laws directly in AI systems themselves?

Last week, Verses AI announced the launch of its intelligent software platform, Genius, for exclusive private beta partners and will hold a demo of select Genius capabilities during a Nov. 3 webinar.

"We believe that our first-principles approach, based on standards utilizing natural computing and backed by neuroscience-based methods like active inference, is integral for the successful development of artificial general intelligence, often called the 'holy grail of AI,'" said Mr. Rene.

About Verses AI Inc.

Verses AI is a cognitive computing company specializing in next-generation artificial-intelligence solutions. The company's flagship offering, Genius, is inspired by natural systems and human cognition. Genius can adapt, learn and integrate with the Institute of Electrical and Electronics Engineers' open spatial Web standard P2874. Key features of Genius include generalizability, spatial Web standards integration, predictive queries, real-time adaptation and an automated computing network. Built on open standards, Genius transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines and AI, across digital and physical domains. Imagine a smarter world that elevates human potential through innovations inspired by nature.

We seek Safe Harbor.

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