VERSES RELEASES AI INDUSTRY REPORT "A PATH TO GLOBAL AI GOVERNANCE"

KUALA LUMPUR, June 6 (Bernama) -- VERSES AI Inc (VERSES), a cognitive computing company specialising in the next generation of artificial intelligence (AI), has released an AI industry report titled “THE ROAD TO AUTONOMY: A Path To Global AI Governance”, in June 2023.

The report combines the legislative expertise from Dentons, and the AI acumen of VERSES with the guidance on technical standards from the Spatial Web Foundation to provide an in-depth analysis of the legal and key legislative trends worldwide on the state of AI regulation and recommendations for a path forward for government regulation of AI.

“As AI evolves towards autonomous systems, the need for regulation becomes critical. We must address the challenge of regulating self-regulating AI to ensure alignment with human values and prevent potential risks.

“By implementing global technical standards and establishing an international AI regulatory framework, we can harness the immense benefits of AI while safeguarding against its potential perils,” said VERSES Chief Executive Officer, Gabriel René in a statement.

The report aspires to pioneer a fresh approach for legal practitioners, government regulators, and lawmakers, to keep pace with the rapid technological advancements and to guide their adaptation.

The critical aspect of the report is to promote the adoption of standards for what VERSES considers "law as code". The objective is to encode laws and legal principles into an understandable, machine-readable language that will facilitate the comprehension and autonomous compliance of AI systems with legal frameworks and social norms.

The report critically examines the transformative power of rapidly evolving technologies such as AI systems and their impending impact on legal, regulatory, and government sectors and accentuates the crucial need for developing and adopting standards that foster the understanding, governance, and interoperability of AI and autonomous systems.

The goal of the report is to provide governments, regulators and legislators with a pragmatic framework that not only informs but also provides a roadmap for policy making, legislation, and compliance efforts in the field of AI.

In summary, the report calls for a safe, effective, and inclusive journey down the "Road to Autonomy", ensuring that future AI systems are not just technically advanced but also aligned with the best interests of humanity, both now and in the future.

-- BERNAMA