Artificial Intelligence
VERSES Announces Technical Breakthrough And Patent Filing for Its Next-Gen AI
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VANCOUVER, British Columbia, May 24, 2023 (GLOBE NEWSWIRE) — VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) (“VERSES” or the “Company”), a cognitive computing company specializing in the next generation of artificial intelligence, is pleased to announce the filing of a patent application covering a milestone invention for automating the generation of intelligent software agents directly from data sets that can interact with both software and hardware systems, such as robots, drones, sensors, and actuators.
Today’s Generative AI and Large Language Models (“LLM”), such as OpenAI’s GPT, Google’s BARD and Meta’s LLAMA, excel at creating content based on patterns inferred from their training data. However, their comprehension of underlying data remains rudimentary, mimicking rather than understanding, and they lack the ability to incorporate to new information post-training. This can produce inaccurate, biased, and potentially harmful responses which have resulted in calls for global AI regulation to ensure that AI can be aligned with human values and goals.
With the goal of developing human-centered intelligent agents, VERSES has employed a “neuromorphic” approach to its AI research and software development based on neuroscience research known as Active Inference which simulates the brain’s processes for learning and problem-solving.
VERSES AI Inc.’s new invention is designed to streamline and automate the creation of ‘intelligent agents’ or digital taskmasters. The process begins by creating a structured representation of the world, known as an HSML graph, and transforming it into a blueprint for how the agent should behave. This not only brings a new level of intelligence and adaptability to smart systems but we believe also represents a significant step forward in their scalability. Building on this, the next phase of the process tunes the agent to perform within a specific context, such as operating in a drone or vehicle or as a personal assistant or managing a smart home, warehouse, or manufacturing facility. By tailoring the agent to the particular context, task and hardware, the process seeks to create a seamless and effective operation. These two aspects of VERSES’ new invention work together with the aim of creating a more advanced, adaptable, and effective AI system.
The result is expected to be a new class of Agents that have the capacity to evaluate and consider their responses prior to making them, and to assess the context of a scenario before determining an appropriate course of action. In essence, to enable AI to be able to “think” before they speak or act and to constantly learn and update their understanding of users, and the domain they operate in. This differs from ChatGPT and related models that are currently on the market, which cannot weigh decisions or update themselves in light of new information.
Until recently, the adaptive benefits of Active Inference agents were tempered by the fact that they relied on labor-intensive, hand-crafted methods to encode the generative ‘world’ model they use for reasoning and decision-making. This limitation restricted the widespread adoption of this approach to AI due to the scalability challenge it presented for real-world deployment. With the recent breakthroughs at VERSES believe this limitation will be overcome, paving the way for the automated creation and adoption of a new generation of adaptive intelligent agents.
After years of advanced research and development, VERSES, in a recent series of technical breakthroughs, has successfully overcome this limitation enabling the automated generation of Agents from small data sets. The development of this technology was led by VERSES Chief Scientist, Professor Karl Friston and R&D and engineering teams who have developed a transformative method for automatically generating intelligent software agents directly from domain-specific data that utilize HSML (Hyperspace Modeling Language), an explicit knowledge modeling language currently being developed into the P2874 IEEE standard that enables the translation of any multimodal data set (text, image, audio, sensor data) into a generative “world” model upon which an Agent can reason and act on.
The invention not only establishes a foundation for the automated creation of VERSES intelligent agents but also lays the groundwork for “guidance systems” for other AI. These systems are expected to contribute to safer and more efficient operation, better user alignment, predictive accuracy and the potential regulatory compliance of Large Language Models (LLMs) and other foundational models for text, audio, video, IoT devices, cameras, autonomous vehicles and robotics.
This patent application reflects the process of this standards-based AI agent generation and forms the basis for VERSES’ ongoing advancements in the AI space. The technology is intended to be demonstrated in the Company’s upcoming version of KOSM OS, an operating system for generating and running agents in the cloud or on devices or robotics systems as well as in GIA, their general intelligent agent personal service, expected to be released later this year. The issuance of the patent is subject to receipt of approval from the USPTO.
“We believe our latest patent filing marks a pivotal moment in the evolution of AI,” said Gabriel René CEO of VERSES AI. “By enabling AI systems to understand and interact with people and the world, we believe our technology has the potential for an era where intelligent, adaptable, and scalable autonomous systems are able to meet complex real-world challenges head-on. The potential applications of this technology and its use in KOSM OS span across industries and regions seeking to leverage smarter and safer AI technology.”
In all industries including, but not limited to, manufacturing, logistics, healthcare and education, the Company’s advancement is intended to create more efficient and effective AI solutions through the advent of increasingly intelligent, adaptable, and autonomous systems. The patent application is the latest in a new series related to VERSES’ recent technological advancements in the AI landscape.
About VERSES
VERSES is a cognitive computing company specializing in next-generation Artificial Intelligence. Modeled after natural systems and the design principles of the human brain and the human experience, VERSES flagship offering, GIA™, is an Intelligent Agent for anyone powered by KOSM™, a network operating system enabling distributed intelligence. Built on open standards, KOSM transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines, and AI, across digital and physical domains. Imagine a smarter world that elevates human potential through innovations inspired by nature. Learn more at VERSES, LinkedIn, and Twitter.
On Behalf of the Company
Gabriel René
VERSES Technologies Inc.
Co-Founder & CEO
[email protected]
Media and Investor Relations Inquiries
Leo Karabelas
Focus Communications
President
[email protected]
416-543-3120
The NEO has not reviewed or approved this press release for the adequacy or accuracy of its contents.
Forward-Looking Statements Cautionary Note
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the capabilities and functions of the Company’s new AI software and hardware invention, the Company’s goal of developing human-centered intelligent agents, the capabilities and benefits of the Company’s AI agents, the results of the Company receiving a patent and deploying its new AI invention, the Company’s intention to create and adopt new generation adaptative intelligent agents, the receipt of a patent from USPTO in respect of the Company’s new AI invention, the potential improvements that can result from guidance systems developed with the new AI processes created by the Company, the Company’s ongoing advancements in the AI space, the fact that the Company’s new AI technology is intended to be demonstrated in its upcoming version of KOSM OS later this year, and that the Company will have additional patent applications relating to its recent technological advancements in the AI landscape.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will be successful in the deployment of its resources and personnel as it relates to the creation of new generation adaptative intelligent agents, that the new AI agents will provide the expected benefits and have the capabilities that have been disclosed, that competitive AI models and technologies will not displace the Company’s AI technology, that the Company will be successfully issued a patent for the patent application filed for its new AI invention, that the Company will not face unexpected regulatory obstacles, that the Company will have enough funding to develop, deploy and commercialize its new AI software and hardware, that the Company will have the resources to demonstrate the technology and that the demonstration will take place within the time frame expected, that the Company will be able to retain its key personnel, that the Company will not face any technology or operational disruptions and that the Company’s operations and ability to develop its products will not be adversely impacted by COVID-19, the ongoing conflict in Eastern Europe or other global events.
These forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks relating to the failure of the Company to successfully create the new generation adaptative intelligent agents within the timeframe expected or at all, the failure of the patent application filed for the Company’s new AI invention, the failure of the Company’s AI invention to perform as expected, the failure of the Company to create new guidance systems and for them to perform as expected, the risk that the Company’s AI technology is displaced by competitive technologies, unanticipated regulatory obstacles, intellectual property risks, the impact of technological inefficiencies, cyber security attacks, increase in competition, the volatility of global capital markets, political instability, the lack of access to capital or financing when required, the loss of key personnel, the Company could face technology or software disruptions, unanticipated costs, risks related to the COVID-19 pandemic, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets and other risk factors disclosed in the Company’s disclosure record on www.sedar.com under the Company’s profile.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
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