VERSES Technologies Comments On President Biden's AI Executive Order

The artificial intelligence (AI) story shows no signs of slowing. 

Instead, AI – which could be worth $1.8 trillion by 2030, according to Statista – is already changing just about everything. 

To make sure everything runs smoothly with AI moving forward, President Joe Biden issued the first artificial intelligence executive order, which will require new safety assessments, equity and civil rights guidance and research on AI’s impact on the labor market, as noted by CNBC. 

In fact, some of the key components of the order include creating new safety and security standards for AI, requiring some AI companies to share safety test results with the federal government; protecting consumer privacy; advancing equity and civil rights; protecting consumers; supporting innovation and competition; and developing guidance for federal agencies and procurement.

In addition, as also noted by CNBC, “Biden’s executive order requires that large companies share safety test results with the U.S. government before the official release of AI systems. It also prioritizes the National Institute of Standards and Technology’s development of standards for AI ‘red-teaming,’ or stress-testing the defenses and potential problems within systems. The Department of Commerce will develop standards for watermarking AI-generated content.”

All in an effort to protect everyone from any potential AI issues.

Commenting on the Order is VERSES Technologies Inc. VERS VRSSF 

VERSES AI Inc., a cognitive computing company specializing in biologically inspired distributed intelligence, provides 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.

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 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?

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 November 3rd 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 René. 

Register for the Nov. 9th AI Governance Webinar:

https://www.verses.ai/ai-governance 

Register for the Nov. 3rd Genius™, Intelligent Software Platform demo, Webinar: 

https://event.webinarjam.com/register/255/69q31fw4   

VERSES AI Corporate Update: https://www.verses.ai/press-2/verses-ai-q3-corporate-update  

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