Artificial intelligence (AI) is already having a mind-blowing impact on society. We’re already seeing its impact with education, finance, military, cybersecurity, you name it. But this is just the start. Big tech is investing billions in AI. In fact, according to CNBC, AI is now the biggest expense for about half of all tech companies. But again, this is just the start. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. All of which is great news for companies like VERSES AI Inc., but also for Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), and Advanced Micro Devices (NASDAQ: AMD). While it’ll certainly be disruptive, it needs to be governed for safety. It’s why governments and corporations are racing to set ground rules and strategies for its use. After all, failure to properly govern the most disruptive technological innovation of our lifetime could lead to colossal failure.
VERSES Technologies Inc. (CBOE: VERS) (OTCQX: VRSSF) to Discuss AI Governance
VERSES AI Inc., a cognitive computing company specializing in the next generation of intelligent software systems, announces the final installment of the 2023 webinars series, “The Future of AI Governance,” hosted by Dentons US.
If you follow AI, you're likely aware of the distracting noise circulating about how best to manage its technology locally and globally. Are we approaching a tipping point, moving towards artificial general intelligence? Is there a consensus on a global regulatory approach?
In this webinar, our speakers will cut through the noise by offering a clear outline of the key considerations in AI governance, the latest developments in international standards and the competing viewpoints on the pathways forward.
The third webinar occurs Monday, December 11th at 10 AM PST / 1 PM EST / 7 PM CET. To register for the event or to access the "The Future of AI Global Governance” and its companion piece, “Executive Summary,” visit www.verses.ai/ai-governance.
Peter Stockburger, Partner at Dentons US LLP, will moderate the webinar and will be joined by speakers George Percivall, Distinguished Engineering Fellow and Vice-Chair of IEEE Standards Working Group for the Spatial Web; Capm Petersen, Chief Innovation Officer and Philippe Sayegh, Chief Adoption Officer for VERSES AI.
Join our panel of AI speakers as they make sense of the current public policy landscape and discuss pathways to a more harmonized future around AI governance.
For more information on VERSES’ AI Governance initiative, please visit www.verses.ai/ai-governance.
Speakers:
Capm Petersen, Chief Innovation Officer
Capm Petersen is the Co-Founder and Chief Innovation Officer at VERSES, with a career spanning over 20 years in bringing new technologies to market. He has a wealth of experience in product development, user experience, and logistics. Petersen has worked with major brands like Coca-Cola, Verizon, Universal, and more, which has allowed him to develop a broad understanding of smart cities, VR/AR, blockchain, AI, and more industries.
Currently, he leads the product team at VERSES, focusing on designing the VERSES Spatial Intelligence platform. This platform aims to transform businesses by connecting operations, security, AI, IoT, and blockchain into one unified system, extending its benefits to vendors and customers.
Philippe Sayegh, VERSES, Chief Adoption Officer
As Chief Adoption Officer at VERSES, Philippe Sayegh is responsible for formulating the Company’s overall adoption strategy and ensuring that its execution remains consistent with the brand identity and goals of VERSES and each of its subsidiaries. The adoption process covers awareness, acquisition and advocacy by the VERSES ecosystem. Philippe has been part of VERSES's executive team for four years. He is a tech entrepreneur and investor with two decades of operational executive experience for B2B-focussed tech companies in areas as diverse as CRM, DRM, identity and access management, e-commerce and AI.
George Percivall, Spatial Web Foundation
George Percivall is a Distinguished Engineering Fellow with the Spatial Web Foundation. As a CTO and Chief Engineer, he led the engineering of cyber-physical and information systems for NASA, NSF, Hughes Aircraft, and General Motors. He has led the development of open standards in IEEE, ISO, and OGC and is a member of the Apache Software Foundation. He has a BS in engineering physics and an MSEE in control systems from the University of Illinois.
Mediator: Peter Stockburger, Managing Partner, Dentons
Peter Stockburger is the office managing partner of Denton’s San Diego office, a member of the firm’s Venture Technology and Emerging Growth Companies group, and co-lead of the firm’s autonomous vehicle practice. Peter partners with emerging and established clients around the globe to strategize about how they can best leverage data and talent to grow, operate, and protect their businesses. With a focus on data privacy and security, Peter works with clients of all sizes and maturity to build and shore up their privacy and security programs, deploy technology, enhance compliance and stakeholder confidence, take new products to market, work through data governance and retention challenges, navigate workplace disputes, and harness emerging technologies such as artificial intelligence.
Other related developments from around the markets include:
Nvidia reported revenue for the third quarter ended October 29, 2023, of $18.12 billion, up 206% from a year ago and up 34% from the previous quarter. GAAP earnings per diluted share for the quarter were $3.71, up more than 12x from a year ago and up 50% from the previous quarter. Non-GAAP earnings per diluted share were $4.02, up nearly 6x from a year ago and up 49% from the previous quarter. “Our strong growth reflects the broad industry platform transition from general-purpose to accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA.
Microsoft and Siemens are deepening their partnership by bringing the benefits of generative AI to industries worldwide. As a first step, the companies are introducing Siemens Industrial Copilot, an AI-powered jointly developed assistant aimed at improving human-machine collaboration in manufacturing. In addition, the launch of the integration between Siemens Teamcenter software for product lifecycle management and Microsoft Teams will further pave the way to enabling the industrial metaverse. It will simplify virtual collaboration of design engineers, frontline workers, and other teams across business functions.
Meta Platforms’ CEO Mark Zuckerberg recently said, “We had a good quarter for our community and business. I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio.” Facebook daily active users (DAUs) – DAUs were 2.09 billion on average for September 2023, an increase of 5% year-over-year. Facebook monthly active users (MAUs) – MAUs were 3.05 billion as of September 30, 2023, an increase of 3% year-over-year. Ad impressions and price per ad – In the third quarter of 2023, ad impressions delivered across our Family of Apps increased by 31% year-over-year and the average price per ad decreased by 6% year-over-year. Revenue – Revenue was $34.15 billion, an increase of 23% year-over-year, and an increase of 21% year-over-year on a constant currency basis.
Advanced Micro Devices announced “Advancing AI,” an in-person and livestreamed event on December 6, 2023 to launch the next-generation AMD Instinct™ MI300 data center GPU accelerator family and highlight the Company’s growing momentum with AI hardware and software partners. AMD Chair and CEO Dr. Lisa Su will be joined by AMD executives, AI ecosystem partners and customers who will discuss how AMD products and software are re-shaping the AI, adaptive and high-performance computing landscape.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for VERSES AI Inc. by VERSES AI Inc. We own ZERO shares of VERSES AI Inc. Please click here for disclaimer.
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