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WISeKey Announces OISTE’s Participation at the Summit of the Future

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WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) announced OISTE.org's participation in the Summit of the Future at the UN Headquarters in New York. OISTE, with special consultative status at ECOSOC, engaged in discussions on digital identity and human rights in the digital age. The summit adopted the 'Pact for the Future', aiming to reshape multilateral governance and address global challenges.

OISTE emphasized the need for a decentralized approach to AI, advocating for systems that align with local legislations and prioritize individual freedoms. The foundation highlighted concerns about AI control concentration among tech giants and stressed the importance of diverse AI systems respecting national laws and future international norms.

WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) ha annunciato la partecipazione di OISTE.org al Summit del Futuro presso la sede delle Nazioni Unite a New York. OISTE, con status consultivo speciale presso l'ECOSOC, ha partecipato a discussioni su identità digitale e diritti umani nell'era digitale. Il summit ha adottato il 'Patto per il Futuro', con l'obiettivo di riformare la governance multilaterale e affrontare le sfide globali.

OISTE ha sottolineato la necessità di un approccio decentralizzato all'AI, sostenendo sistemi che si allineino alle legislazioni locali e diano priorità alle libertà individuali. La fondazione ha evidenziato le preoccupazioni riguardo alla concentrazione del controllo dell'AI tra le grandi aziende tecnologiche e ha sottolineato l'importanza di sistemi AI diversificati che rispettino le leggi nazionali e le future norme internazionali.

WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) anunció la participación de OISTE.org en el Summit del Futuro en la sede de la ONU en Nueva York. OISTE, con estatus consultivo especial en ECOSOC, participó en discusiones sobre identidad digital y derechos humanos en la era digital. La cumbre adoptó el 'Pacto por el Futuro', que tiene como objetivo reformar la gobernanza multilateral y abordar los desafíos globales.

OISTE enfatizó la necesidad de un enfoque descentralizado para la IA, abogando por sistemas que se alineen con las legislaciones locales y prioricen las libertades individuales. La fundación destacó la concentración del control de la IA entre los gigantes tecnológicos y subrayó la importancia de sistemas de IA diversos que respeten las leyes nacionales y las futuras normas internacionales.

WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY)는 OISTE.org의 미래 정상 회담 UN 본부 뉴욕에서의 참여를 발표했습니다. OISTE는 ECOSOC의 특별 자문 지위를 가지고 있으며, 디지털 시대의 디지털 정체성과 인권에 관한 논의에 참여했습니다. 정상 회담은 다자간 거버넌스를 재구성하고 글로벌 문제를 해결하는 것을 목표로 하는 '미래를 위한 pacto'를 채택했습니다.

OISTE는 AI에 대한 탈중앙화 접근 방식의 필요성을 강조하며, 지역 법률을 준수하고 개인의 자유를 우선시하는 시스템을 옹호했습니다. 재단은 기술 대기업 간의 AI 통제 집중에 대한 우려를 강조했으며, 국가법과 향후 국제 규범을 존중하는 다양한 AI 시스템의 중요성을 강조했습니다.

WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) a annoncé la participation de OISTE.org au Sommet du Futur au siège des Nations Unies à New York. OISTE, ayant un statut consultatif spécial auprès de l'ECOSOC, s'est engagé dans des discussions sur l'identité numérique et les droits de l'homme à l'ère numérique. Le sommet a adopté le 'Pacte pour l'Avenir', visant à remodeler la gouvernance multilatérale et à relever les défis mondiaux.

OISTE a souligné la nécessité d'une approche décentralisée de l'IA, plaidant en faveur de systèmes qui s'alignent sur les législations locales et priorisent les libertés individuelles. La fondation a souligné les préoccupations concernant la concentration du contrôle de l'IA parmi les géants de la technologie et a insisté sur l'importance de systèmes d'IA diversifiés respectant les lois nationales et les futures normes internationales.

WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) gab die Teilnahme von OISTE.org am Gipfel der Zukunft in der UN-Zentrale in New York bekannt. OISTE, mit besonderem beratenden Status bei ECOSOC, nahm an Diskussionen über digitale Identität und Menschenrechte im digitalen Zeitalter teil. Der Gipfel verabschiedete den 'Pakt für die Zukunft', der darauf abzielt, die multilaterale Governance zu reformieren und globale Herausforderungen anzugehen.

OISTE betonte die Notwendigkeit eines dezentralen Ansatzes für KI, der sich für Systeme einsetzt, die sich an lokale Gesetze halten und individuelle Freiheiten priorisieren. Die Stiftung machte auf die Bedenken hinsichtlich der Konzentration von KI-Kontrolle bei Technologieriesen aufmerksam und betonte die Bedeutung von vielfältigen KI-Systemen, die nationale Gesetze und zukünftige internationale Normen respektieren.

Positive
  • OISTE's participation in high-level UN summit enhances WISeKey's global visibility
  • Alignment with global goals for digital trust and inclusion may lead to new opportunities
Negative
  • No direct financial or operational impact on WISeKey mentioned in the press release
  • Delay in full implementation of the 'Pact for the Future' due to opposition from seven countries

WISeKey Announces OISTE’s Participation at the Summit of the Future

New York, New York - September 23, 2024: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, AI, Blockchain, and IoT operating as a holding company, today announced that OISTE.org, a non-governmental organization, recently participated in a pivotal event at the UN Headquarters in New York, where world leaders gathered for the Summit of the Future.

OISTE holds special consultative status with the United Nations Economic and Social Council (ECOSOC) and actively engages with multiple key international bodies, such as the Human Rights Council, the International Telecommunications Union, Clinton Initiative and the World Summit on the Information Society (WSIS). These interactions position OISTE as a significant player in the global conversation around digital identity and the protection of human rights in the digital age.

During the summit, the “Pact for the Future”, a potentially transformative global agreement designed to reshape multilateral governance for a new era, was unanimously adopted. The pact aims to provide a framework for addressing ongoing global commitments, such as sustainable development, human rights, and climate action, while tackling long-term challenges such as digital equity and global security.

The Summit of the Future represents a unique opportunity to rethink the multilateral system and forge new solutions to some of humanity’s most pressing issues, including the ever-evolving role of technology in global governance and human rights. Although the pact was broadly accepted, a small group of seven countries opposed a last-minute amendment, delaying its full implementation.

OISTE’s involvement at such high-level forums underscores its commitment to fostering digital trust and inclusion across borders, emphasizing the need for secure digital identities that uphold human dignity in the digital era. The organization’s work aligns closely with the global goals of achieving fairness, accountability, and sustainability in digital infrastructures, ensuring no one is left behind in the new digital age.

The foundation’s critical analysis emphasized the urgent need for a decentralized approach to AI, advocating for systems that align with local legislations and prioritize the protection of individual freedoms and self-sovereignty in cyberspace.

As global reliance on artificial intelligence (AI) increases, OISTE highlights the dangers posed by the concentration of AI technological control in the hands of a select few tech giants. These entities, often more focused on unchecked progression, overlook the critical aspect of individual data protection, leading to a landscape where advancements in AI are viewed as an unregulated step in evolution.

The intervention by OISTE underscores the necessity for multiple, diversified AI systems, particularly those that respect and adhere to national laws and future international norms. The foundation brought attention to several pivotal reasons, emphasizing ethical considerations, bias mitigation, societal implications, and the diversity inherent in legal systems worldwide.

For more information about OISTE’s initiatives and its role in shaping the future of digital governance, visit https://oiste.org.

About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa's predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Press and Investor Contacts

WISeKey International Holding Ltd
Company Contact:  Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com 
WISeKey Investor Relations (US) 
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611 / lcati@equityny.com
Katie Murphy
Tel: +1 212 836-9612 / kmurphy@equityny.com

FAQ

What was the main event OISTE participated in according to WISeKey's announcement?

OISTE participated in the Summit of the Future at the UN Headquarters in New York on September 23, 2024.

What key agreement was adopted at the Summit of the Future?

The 'Pact for the Future', a global agreement designed to reshape multilateral governance, was unanimously adopted at the summit.

What was OISTE's main focus during the summit regarding AI?

OISTE emphasized the need for a decentralized approach to AI, advocating for systems that align with local legislations and prioritize individual freedoms and self-sovereignty in cyberspace.

How does OISTE's participation in the summit relate to WISeKey (NASDAQ: WKEY)?

OISTE's participation enhances WISeKey's global visibility and aligns with the company's focus on cybersecurity, AI, and digital trust, potentially leading to new opportunities in these areas.

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