WISeKey to attend the 2023 Clinton Global Initiative Meeting to discuss AI advancements and implications; in collaboration with OISTE.ORG, WISeKey will announce a new commitment aiming to create an international coalition for the developmen

Rhea-AI Summary

WISeKey International Holding Ltd. is invited to participate in the 2023 Clinton Global Initiative Annual Meeting. WISeKey will present a new commitment to develop an AI Identity Protection Agent (AIPA) in collaboration with OISTE.ORG. The AIPA will protect humans against AI abuses and act as an intermediary between users and AI platforms. It will filter sensitive user data, translate AI responses, and alert users to suspicious AI behaviors. Challenges include evolving AI threats and potential false positives. WISeKey's commitment aligns with the UN's Sustainable Development Goals and aims to provide tamper-proof digital identities to every global citizen by 2030.

WISeKey to attend the 2023 Clinton Global Initiative Meeting to discuss AI advancements and implications; in collaboration with OISTE.ORG, WISeKey will announce a new commitment aiming to create an international coalition for the development of an AI Identity Protection Agent (AIPA)

 

 ZUG, Switzerland – August 16, 2023 – WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, AI, Blockchain, and IoT operating as a holding company, is honored to announce that it is invited to participate at the 2023 Clinton Global Initiative (CGI) Annual Meeting which will take place in New York City, from September 18-20, 2023.

 

In partnership with OISTE, WISeKey will present a new commitment focused on the development of an AI Identity Protection Agent (AIPA) that protects humans against AI abuses.

 

The focus lies on the unprecedented pace of AI advancements and the potential emergence of an AI model with capabilities far surpassing any current technology. The revolutionary implication is that in mere years, we might encounter AI likened to a deity.

 

"Imagine… three years from now, halfway through the projected timeline to the possible emergence of a 'god-like' AI entity. Leading AI companies are making significant progress towards this ambition, and society stands at a pivotal crossroads. As policymakers, ethicists, and technologists, what measures should be adopted to ensure the safe and ethical progression of AI research? Consider the potential benefits and existential threats of such an AI. How can we balance innovation with precaution, and what global collaborations or frameworks might be necessary to guide us through the next phase of AI evolution?" said Carlos Moreira, CEO of WISeKey.

 

The new commitment to be presented by WISeKey and OISTE.ORG this year focuses on an international coalition cooperation aiming to develop an AI Identity Protection Agent (AIPA) - designed to safeguard users from malicious AI interactions. It acts as an intermediary between users and AI platforms, verifying AI authenticity and encrypting user data. The system filters out sensitive user data, translates AI responses to user-friendly formats, and alerts users to suspicious AI behaviors.

 

It's particularly useful for digital transactions, social media, emails, and interactions with AI assistants. AIPA relies on layered security, including encryption and blockchain, and constantly updates its threat database. However, challenges include rapidly evolving AI threats and potential false positives. Future enhancements could include cloud integration and quantum encryption.

 

Key points of consideration:

• Unprecedented AI Capabilities: Current AI models, like OpenAI’s GPT series or Google's BERT, have been transformative across various sectors. The projection is that the next generation of AI could eclipse human capabilities in every domain.

• Potential Dangers including loss of control: Ultra-advanced AI might operate unpredictably, leading to inscrutable decisions with possible catastrophic outcomes.

• Ethical Misalignments: An AI of such magnitude could possess values misaligned with human ethics, potentially lacking empathy and moral considerations.

• Economic and Security Concerns: With the power to render industries obsolete and potential weaponization, such AI poses significant threats to economic stability and global security.

• Existential Threats: The overarching danger of a god-like AI could be its potential to perceive humanity as dispensable.

Echoing its longstanding commitment to the digital realm, in 2006, WISeKey pledged at CGI to provide digital identity management and transaction platforms, aiming to amplify digital connectivity for underserved populations. More details can be found here https://www.clintonfoundation.org/commitment/clinton-global-initiative/increasing-digital-connectivity-to-the-poor/.

The project, initiated in 2006 with OISTE and CGI, sought to provide 1 billion digital identities to those underserved. With a fifth of the global population lacking proper legal identification, this initiative aimed to bridge the gap, ensuring equitable access to vital services like education and healthcare.

WISeKey's WISeID platform, incorporates cutting-edge technologies, aligns with the UN's Sustainable Development Goals, and aims to provide tamper-proof digital identities to every global citizen by 2030.

The CGI 2023 meeting will highlight new "Commitments to Action™" alongside updates on previous CGI commitments. Since 2005, CGI has introduced over 3,700 commitments, positively impacting more than 435 million lives across 180+ countries.

 

"WISeKey and the Swiss OISTE.ORG Foundation have championed global cybersecurity for decades. We're proud to renew our CGI commitment,” concluded Mr. Moreira.

 

In the Go-Like AI age, the rights to digital identification for humans and privacy are fundamental yet endangered. The need is pressing for a human-rights-based approach that sees each online individual as worthy of respect. As technology races ahead, WISeKey and its partners endeavor to ensure that advancements benefit humanity as a whole.

 

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, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

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.

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) Contact: Lena Cati The Equity Group Inc. Tel: +1 212 836-9611 lcati@equityny.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 article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. 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.

 

 

FAQ

What is WISeKey's new commitment?

WISeKey's new commitment is to develop an AI Identity Protection Agent (AIPA) in collaboration with OISTE.ORG. The AIPA will protect humans against AI abuses by filtering sensitive user data, translating AI responses, and alerting users to suspicious AI behaviors.

What are the challenges of developing the AIPA?

The challenges of developing the AIPA include rapidly evolving AI threats and the potential for false positives. WISeKey aims to constantly update the AIPA's threat database to address these challenges.

What is the goal of WISeKey's commitment?

The goal of WISeKey's commitment is to provide tamper-proof digital identities to every global citizen by 2030. This commitment aligns with the UN's Sustainable Development Goals.

What is the Clinton Global Initiative (CGI) Annual Meeting?

The Clinton Global Initiative (CGI) Annual Meeting is a global event that brings together leaders from various sectors to discuss and make commitments to address pressing global challenges.

What is the role of WISeKey in cybersecurity?

WISeKey is a leader in cybersecurity, AI, Blockchain, and IoT. It operates as a holding company and has championed global cybersecurity for decades.