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VERSES Announces Approval of Spatial Web Standards

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VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) announces the approval of Spatial Web standards by the IEEE-SA P2874 working group. The standards, Hyperspace Modeling Language (HSML) and Hyperspace Transaction Protocol (HSTP), aim to enable AI, IoT, and robotic interoperability and governance. VERSES' CEO, Gabriel René, highlights the potential for these standards to become as ubiquitous as HTTP, WiFi, or Bluetooth.

The company's product, Genius™, is the first to apply these standards, offering a toolkit for developers to create intelligent software agents. Gartner's 2024 Hype Cycle for AI report classifies VERSES' approach as First Principles AI, noting benefits such as improved context representation and enhanced interpretability.

VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) annuncia l'approvazione degli standard del Web Spaziale da parte del gruppo di lavoro IEEE-SA P2874. Questi standard, Hyperspace Modeling Language (HSML) e Hyperspace Transaction Protocol (HSTP), mirano a facilitare l'interoperabilità e la governance di AI, IoT e robotica. Il CEO di VERSES, Gabriel René, sottolinea il potenziale affinché questi standard diventino onnipresenti come HTTP, WiFi o Bluetooth.

Il prodotto dell'azienda, Genius™, è il primo a utilizzare questi standard, offrendo un toolkit per gli sviluppatori per creare agenti software intelligenti. Il report del Gartner Hype Cycle 2024 per l'AI classifica l'approccio di VERSES come First Principles AI, evidenziando vantaggi come una migliore rappresentazione del contesto e una maggiore interpretabilità.

VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) anuncia la aprobación de los estándares de la Web Espacial por parte del grupo de trabajo IEEE-SA P2874. Estos estándares, Hyperspace Modeling Language (HSML) y Hyperspace Transaction Protocol (HSTP), tienen como objetivo permitir la interoperabilidad y gobernanza de la IA, IoT y la robótica. El CEO de VERSES, Gabriel René, destaca el potencial de que estos estándares se conviertan en algo tan omnipresente como HTTP, WiFi o Bluetooth.

El producto de la empresa, Genius™, es el primero en aplicar estos estándares, ofreciendo un conjunto de herramientas para que los desarrolladores creen agentes de software inteligentes. El informe del Gartner Hype Cycle 2024 para IA clasifica el enfoque de VERSES como First Principles AI, señalando beneficios como una mejor representación del contexto y una mayor interpretabilidad.

VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF)는 IEEE-SA P2874 작업 그룹에 의해 스페이셜 웹 표준의 승인을 발표했습니다. 이 표준인 하이퍼스페이스 모델링 언어 (HSML)하이퍼스페이스 전송 프로토콜 (HSTP)AI, IoT 및 로봇의 상호 운용성과 거버넌스를 가능하게 하는 것을 목표로 합니다. VERSES의 CEO인 Gabriel René는 이 표준들이 HTTP, WiFi 또는 Bluetooth만큼 보편적이 될 가능성을 강조했습니다.

회사의 제품인 Genius™는 이 표준을 적용한 최초의 제품으로, 개발자들이 지능형 소프트웨어 에이전트를 만들 수 있도록 도와주는 도구 키트를 제공합니다. 가트너의 2024년 AI 하이프 사이클 보고서는 VERSES의 접근 방식을 First Principles AI로 분류하며, 향상된 맥락 표현과 해석 가능성 같은 이점을 언급하고 있습니다.

VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) annonce l'approbation des standards du Web Spatial par le groupe de travail IEEE-SA P2874. Ces standards, Hyperspace Modeling Language (HSML) et Hyperspace Transaction Protocol (HSTP), visent à faciliter l'interopérabilité et la gouvernance de l'IA, de l'IoT et de la robotique. Le PDG de VERSES, Gabriel René, souligne le potentiel de ces standards à devenir aussi omniprésents que HTTP, WiFi ou Bluetooth.

Le produit de l'entreprise, Genius™, est le premier à appliquer ces standards, offrant une boîte à outils pour les développeurs afin de créer des agents logiciels intelligents. Le rapport Gartner Hype Cycle 2024 pour l'IA classe l'approche de VERSES comme First Principles AI, en notant des avantages tels qu'une meilleure représentation du contexte et une interprétabilité améliorée.

VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) gibt die Genehmigung der Spatial Web Standards durch die IEEE-SA P2874 Arbeitsgruppe bekannt. Die Standards, Hyperspace Modeling Language (HSML) und Hyperspace Transaction Protocol (HSTP), zielen darauf ab, die Interoperabilität und Governance von KI, IoT und Robotik zu ermöglichen. Der CEO von VERSES, Gabriel René, hebt das Potenzial hervor, dass diese Standards so allgegenwärtig werden könnten wie HTTP, WiFi oder Bluetooth.

Das Produkt des Unternehmens, Genius™, ist das erste, das diese Standards anwendet und bietet Entwicklern ein Toolkit zur Erstellung intelligenter Softwareagenten. Der Gartner Hype Cycle 2024 für KI klassifiziert den Ansatz von VERSES als First Principles AI und hebt Vorteile wie eine verbesserte Kontextdarstellung und erhöhte Interpretierbarkeit hervor.

Positive
  • Approval of Spatial Web standards (HSML and HSTP) by IEEE-SA P2874 working group
  • Potential for standards to become as widely adopted as HTTP, WiFi, or Bluetooth
  • First company to apply Spatial Web standards in their product, Genius™
  • Gartner classifies VERSES' approach as First Principles AI in 2024 Hype Cycle for AI report
Negative
  • None.

VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ("VERSES'' or the "Company”), a cognitive computing company specializing in next generation intelligent systems, announces that the Institute of Electrical and Electronics Engineers Standards Association (IEEE-SA) P2874 working group voting members have approved the Spatial Web standards: Hyperspace Modeling Language (HSML) and Hyperspace Transaction Protocol (HSTP).

“We are honored that the IEEE working group members have approved HSML and HSTP as the global standards for AI, IoT and robotic interoperability and governance. The approval positions these new standards to potentially become as ubiquitous as HTTP, WiFi, or Bluetooth protocols that enable interoperability between billions of devices and systems,” said Gabriel René, CEO of VERSES. “Industry and governments want to safely drive the proliferation of AI and autonomous technologies and we believe that the Spatial Web standards pave the road for both safer and faster market adoption.”

The Spatial Web is a hyper-connected, ethically-aligned network of humans, machines, and intelligent systems. HSML and HSTP provide standard formats for structuring multidimensional information in a unified format that includes the rules, requirements and restrictions that govern how AI and related systems can interact.

VERSES is the first company to apply the Spatial Web standards in their product, Genius™, a toolkit for developers to generate intelligent software agents that enhance existing applications with the ability to reason, plan, and learn. “Unlike generative AI platforms which simply remix content based on their training data, Genius Agents have a world model, like a mental model, which they continuously update in order to make increasingly accurate predictions. The Spatial Web standards allow agents to share these world models and therefore enable a distributed network of composable agents that can coordinate and interoperate with other software,” said Chief Product Officer, Hari Thiruvengada.

In their 2024 Hype Cycle for AI1 report, Gartner recently classified VERSES approach with Genius as First Principles AI which enables a more reliable representation of context, accelerated training, data efficiency, improved generalizability, enhanced interpretability, and more adaptive systems as compared to current mainstream machine learning methods. More information on VERSES approach can also be found in a paper the Company released in 2023 entitled, “Designing Ecosystems of Intelligence from First Principles2.”

The final steps before IEEE publication include addressing comments from the non-approval votes and verification by a review committee. Future plans for the working group include developing reference implementations and exploring governance requirements for various industries.

1 https://www.gartner.com/doc/reprints?id=1-2HV4OPON&ct=240618&st=sb

2 https://journals.sagepub.com/doi/10.1177/26339137231222481

About VERSES

VERSES AI is a cognitive computing company specializing in biologically inspired distributed intelligence. Our flagship offering, Genius™, is patterned after natural systems and neuroscience.  Genius can learn, adapt and interact with the world.  Key features of Genius include generalizability, predictive queries, real-time adaptation and an automated computing network. Built on open standards, Genius 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 VERSESLinkedIn and X.

On behalf of the Company 

Gabriel René, Founder & CEO, VERSES AI Inc.
Press Inquiries: press@verses.ai 

Investor Relations Inquiries 

U.S., Matthew Selinger, Partner, Integrous Communications, mselinger@integcom.us 415-572-8152
Canada, Leo Karabelas, President, Focus Communications, info@fcir.ca 416-543-3120


FAQ

What are the Spatial Web standards approved for VERSES AI (VRSSF)?

The Spatial Web standards approved for VERSES AI (VRSSF) are Hyperspace Modeling Language (HSML) and Hyperspace Transaction Protocol (HSTP), which enable AI, IoT, and robotic interoperability and governance.

How does VERSES AI (VRSSF) implement the Spatial Web standards?

VERSES AI (VRSSF) implements the Spatial Web standards in their product Genius™, a toolkit for developers to create intelligent software agents that can reason, plan, and learn.

What classification did Gartner give to VERSES AI's (VRSSF) approach in their 2024 Hype Cycle for AI report?

In their 2024 Hype Cycle for AI report, Gartner classified VERSES AI's (VRSSF) approach with Genius as First Principles AI, noting benefits such as improved context representation and enhanced interpretability.

What are the next steps for the IEEE-SA P2874 working group regarding the Spatial Web standards?

The next steps for the IEEE-SA P2874 working group include addressing comments from non-approval votes, verification by a review committee, developing reference implementations, and exploring governance requirements for various industries.

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