This Developer Partnered With The World’s Largest Law Firm To Pave The Road Ahead
%ArtificialIntelligence (AI) is transforming society and the economy, but it also poses significant challenges for the legal system. The legal landscape of AI is complex and continuously evolving, as regulators, courts, and businesses grapple with the implications of this technology. Some of the key issues in this area are:
– AI regulation: The European Union has proposed a comprehensive legal framework for AI, which aims to ensure that AI is trustworthy, human-centric, and respectful of fundamental rights. The framework categorizes AI systems into four levels of risk, from unacceptable to minimal, and imposes different obligations and prohibitions accordingly. The framework also establishes a governance structure for AI regulation, involving national authorities, a European AI board, and a network of testing centers. A step in the right direction that will require much further guidance
– Product liability: AI products and services can cause harm or damage to people or property, raising questions of liability and responsibility. However, their application to AI products can be challenging, as AI systems can act autonomously, unpredictably, or adaptively, making it difficult to identify the source of defect or harm.
– Intellectual property: AI can create, use, or infringe intellectual property (IP) rights, such as patents, trademarks, copyrights, or trade secrets. IP law protects the rights of creators and owners of original works or inventions. However, IP law also faces some challenges in dealing with AI-generated or AI-assisted works or inventions. Who owns the works generated by AI – the operator, the AI provider, or both?
As the technology advances and becomes more pervasive in society and the economy, it is crucial for businesses to understand and comply with the existing and emerging laws and regulations that govern its use. It is also important for policymakers and lawmakers to ensure that the legal system adapts to the opportunities and challenges posed by AI in a way that promotes innovation, trustworthiness, and fairness.
This is why the news of a partnership between budding AI developer %VersesAI (NEO: $VERS) (OTCQX: $VRSSF) and Dentons US -the world’s largest multinational law firm, is likely to make waves in the industry at large.
Setting up guardrails for organized, law-abiding development
The growth rate of the artificial intelligence market makes it imperative to have a clear and consistent legal framework that ensures its ethical and responsible use. This is why VERSES and Dentons US, along with guidance on technical standards from the Spatial Web Foundation, – a non-profit organization dedicated to developing technical standards for the spatial web- have joined forces to produce a landmark industry report titled “THE ROAD TO AUTONOMY: A Path To Global AI Governance”.
In brief, the report calls for safe and effective guardrails for the world’s journey through the “Road to Autonomy”, as a means to ensure that current and future AI systems remain aligned with humanity’s best interests
The report, set to be released in June 2023, provides an in-depth analysis of the legal and key legislative trends from across the world on the state of AI regulation and recommendations for a path forward for government regulation of AI. The report also introduces a novel approach for encoding and enforcing laws directly in AI systems themselves, using what VERSES calls “law as code”. This approach aims to facilitate the comprehension and autonomous compliance of AI systems with legal frameworks and social norms, while ensuring human oversight and accountability. An executive summary of the upcoming release can be found on VERSES’ website.
“THE ROAD TO AUTONOMY” is a must-read for anyone interested in the future of AI and its impact on society and the economy. In it, authors tackle key issues, such “How can governments regulate AI systems that are on a path to regulating themselves? How can humans stay in the loop to ensure AI alignment with human values, principles, and laws, while guaranteeing fair and equitable services for all individuals and communities? And, how do we encode and enforce AI laws directly in AI systems themselves?” – thus offering valuable insights and guidance for legal practitioners, government regulators, lawmakers, businesses, and consumers who are interested in harnessing the benefits of AI while mitigating its risks. The report will also serve as a showcase of the expertise and vision of VERSES, Dentons US, and the Spatial Web Foundation as leaders and innovators in the field of AI.
Key highlights covered in the report include the instrumental role of sociotechnical standards, as demonstrated by the work of the Institute of Electrical And Electronics Engineers IEEE P2874 Working Group, and the European Commission’s Flying Forward 2020 (“FF2020”) project for successfully implementing these standards (led by VERSES and running on its KOSM platform).
VERSES CEO, Gabriel René, provided a statement as part of the news release announcing the report: “AI is advancing at an unprecedented pace, raising concerns about the direction of its future trajectory. 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.”
VERS – paving the path forward.
VERSES, a cognitive computing company that leverages its proprietary AI platform to create solutions for various industries, such as healthcare, education, entertainment, finance, and transportation, has made headlines consistently over the past weeks – having recently announced a patent filing for new IP that automates the generation of intelligent software agents, or “taskmasters” from data sets.
VERSES also collaborates with global partners to advance the standards and best practices for AI governance and interoperability.
Visit www.verses.ai to learn more about VERSES and its products and services. And don’t forget to download the report “THE ROAD TO AUTONOMY: A Path To Global AI Governance” in June 2023 to discover how VERSES, Dentons US, and the Spatial Web Foundation are shaping the future of AI.
About VERS
VERSES AI Inc. (NEO:VERS) (OTCQX:VRSSF), a cognitive computing company, specializes in next generation artificial intelligence. It develops KOSM, a network operating system for enabling distributed intelligence; Wayfinder, an AI assisted order picking solution; and GIA, an intelligent assistant for everyone. The company was formerly known as Verses Technologies Inc. and changed its name to VERSES AI Inc. in March 2023. The company was incorporated in 2020 and is based in Los Angeles, California.
About DENTONS US
Dentons is designed to be different. As the world’s largest global law firm with 21,000 professionals in over 200 locations in more than 80 countries, Denton’s can help you grow, protect, operate and finance your business. Denton’s polycentric and purpose-driven approach, together with their commitment to inclusion, diversity, equity and ESG, ensures they challenge the status quo to stay focused on what matters most to you. www.dentons.com
About The Spatial Web Foundation
The Spatial Web Foundation is a non-profit organization dedicated to the development and ethical use of technology, specifically in the creation and implementation of the Spatial Web protocol. The foundation’s core initiatives include developing open standards and protocols, promoting interoperability, and educating the public and policymakers. The foundation supports transparency and accountability in the development and use of technology, promotes responsible innovation, engages in dialogue and collaboration with various stakeholders, and adopts a proactive approach to addressing emerging ethical challenges. Ultimately, the Spatial Web Foundation seeks to create a more inclusive, accessible, and equitable internet that empowers individuals and communities to connect, create, and thrive.
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