VERSES AI Celebrates Approval of IEEE Spatial Web Standards

VERSES AI Welcomes IEEE Spatial Web Standards Approval

Vancouver-based VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSF) has celebrated the recent final approval and impending publication of the IEEE P2874 Spatial Web standards. These standards, developed by the Institute of Electrical and Electronics Engineers Standards Association, are designed to ensure seamless interoperability and governance among artificial intelligence systems, robotics, agents, and Internet of Things devices.

A Milestone for the Tech Community

VERSES AI’s CEO, Gabriel René, extended congratulations to the Spatial Web Foundation and the nearly three hundred participants of the P2874 working group for their hard work over the past five years. He emphasized the significance of these emerging standards, stating, "These global standards mark the dawn of the next era of the web."

Much like the previous IEEE standards that significantly enhanced global device interoperability, including Wi-Fi and Bluetooth, the newly approved Spatial Web standards are set to revolutionize secure communication, collaboration, and control among various digital entities, enabling a smarter interconnected world.

Core Standards That Empower Innovation

Among the essential components of these standards is the Hyperspace Modeling Language (HSML), which offers a multidimensional vocabulary for accurately describing interactions among people, places, and objects. Additionally, the Hyperspace Transaction Protocol (HSTP) ensures that permissions and policies are embedded in every digital interaction. This integration provides hardware manufacturers and software developers with a common toolkit that reduces time-to-market, accelerates deployment, and optimizes integration costs while equipping policymakers with a robust framework to create safe, ethical, and intelligent operational environments.

Addressing Business Challenges

One significant challenge these standards aim to tackle is the establishment of standardized protocols for identity, credentials, and trust when AI operates alongside IoT devices and robots. An illustration of this could be a factory setup where only authorized agents can command a robot to transport materials to designated areas.

Empowering Consumers with Data Control

The Spatial Web standards also empower consumers by allowing them to control how their data is utilized. For example, an individual can share sensitive medical information with a healthcare provider while maintaining authority over access and usage terms.

Future Developments with Genius

VERSES AI plans to incorporate the P2874 standards into future iterations of their sophisticated product, Genius. This move will significantly facilitate enterprises in developing intelligent agents that can adhere to established corporate policies and legal frameworks, resulting in accelerated development and deployment as well as reduced integration costs.

James Hendrickson, President and COO of VERSES, stated, "Integrating Spatial Web standards into Genius will foster more robust, agent-centric, and autonomous systems capable of understanding their environment, coordinating with other smart devices, and complying with necessary regulations." He envisioned a future where devices like warehouse robots could autonomously integrate into new settings and start operational tasks within minutes without requiring extensive custom programming.

About VERSES AI

VERSES AI Inc. is committed to disrupting traditional paradigms by harnessing cognitive computing to develop advanced intelligent software systems modeled after the efficiencies of nature. Their flagship offering, Genius, aims to deliver highly specialized and reliable predictions and decisions built on scientific and biological principles. The mission of VERSES is to create a smarter world that maximizes human potential through nature-inspired technology.

For further inquiries, press contacts are available. Gabriel René, the Founder & CEO, can be reached for press inquiries at press@verses.ai. For investor relations, contact James Christodoulou, Chief Financial Officer, via IR@verses.ai or call +1(212)970-8889.

Frequently Asked Questions

What are the Spatial Web standards by IEEE?

The Spatial Web standards are designed to facilitate interoperability and governance between AI systems, IoT devices, and human users.

How will VERSES implement the Spatial Web standards?

VERSES intends to integrate the standards into their Genius product, enhancing enterprise capabilities with intelligent agents.

Who developed the IEEE P2874 standards?

The standards were developed by the Institute of Electrical and Electronics Engineers Standards Association with significant contributions from industry participants.

What is the significance of HSML and HSTP?

HSML offers a standardized vocabulary for digital interactions, while HSTP encodes essential permissions and policies in every transaction.

How do these standards benefit consumers?

Consumers gain control over their data usage, allowing them to dictate terms of access, especially for sensitive information.

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