- The team leading Verses AI (NEO:VERS) says artificial intelligence needs to be safe, secure, and trustworthy, something the Executive Order seeks to enforce
- The Executive Order seeks to establish new standards for AI safety and security, protect privacy, advance equity and civil rights, stand up for consumers and workers and promote innovation and competition
- The company believes new socio-technical standards can reshape how people confront the challenges of governing AI globally by addressing interoperability, explainability, and the exponential advancement of AI systems toward greater intelligence and autonomy
- Verses AI Inc. opened trading at C$1.46 per share
A Canadian AI firm is applauding a recent Executive Order on artificial intelligence that was signed by U.S. President Joe Biden and announced by the White House on Monday.
The team leading Verses AI (NEO:VERS) says artificial intelligence needs to be safe, secure, and trustworthy, something the order seeks to enforce.
The White House Executive Order on AI seeks to establish new standards for AI safety and security, protect privacy, advance equity and civil rights, stand up for consumers and workers and promote innovation and competition.
It is a series of socio-technical standards that is expected to help drive the global discourse on AI governance. The company believes that new socio-technical standards can reshape how people confront the challenges of governing AI globally by addressing interoperability, explainability, and the exponential advancement of AI systems toward greater intelligence and autonomy.
The company released a report, “The Future of Global AI Governance,” which also proposes an AI rating system that ranks the levels of intelligence and autonomy exhibited and provides potential corresponding governance frameworks at each level.
“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,” Gabriel Rene, CEO of Verses AI, said in a statement. “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.”
Last week, the Vancouver-based cognitive computing company launched its intelligent software platform, Genius, for exclusive private beta partners.
Specializing in biologically inspired distributed intelligence, Verses AI is focused on developing next-generation artificial intelligence solutions, including the Genius platform.
Verses AI Inc. opened trading at C$1.46 per share.
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