Wednesday, November 1, 2023

Vancouver, British Columbia based VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSF) provided commentary from Founder and CEO Gabriel René 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 Gabriel René, founder and CEO of VERSES. “For the past two years, we have been developing the IEEE 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 Future of Global AI Governance” introduces a generation of socio-technical standards that we expect to help drive the global discourse on AI governance. New socio-technical standards can reshape how we confront the challenges of governing AI globally by addressing interoperability, explainability and the exponential advancement of AI systems toward greater intelligence and autonomy.

According to the release, 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 our 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?

VERSES AI is a cognitive computing company specializing in next-generation artificial intelligence solutions.

Shares are trading unchanged at $1.04