Latest news with #P2874
Yahoo
4 days ago
- Business
- Yahoo
Verses Technologies welcomes IEEE final approval of Spatial Web strands
VERSES AI welcomes the final ratification and forthcoming publication of the Institute of Electrical and Electronics Engineers Standards Association, IEEE-SA, P2874 Spatial Web standards intended to enable interoperability and governance between AI systems, agents, robotics and Internet of Things devices. 'Congratulations to the Spatial Web Foundation and the approximately three hundred P2874 working group participants who have worked diligently during the last five years to bring about this remarkable achievement. I believe that these global standards mark the dawn of the next era of the web,' said VERSES CEO, Gabriel Rene. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on VRSSF: Disclaimer & DisclosureReport an Issue VERSES AI's AXIOM Model Surpasses Google DeepMind in AI Benchmark Verses Technologies issues inaugural monthly newsletter Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
5 days ago
- Business
- Associated Press
VERSES® Welcomes IEEE Final Approval of Spatial Web Standards
VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQB: VRSSF) ('VERSES'' or the 'Company'), a cognitive computing company specializing in next-generation agentic software systems, welcomes the final ratification and forthcoming publication of the Institute of Electrical and Electronics Engineers Standards Association (IEEE-SA) P2874 Spatial Web standards intended to enable interoperability and governance between AI systems, agents, robotics and Internet of Things devices. 'Congratulations to the Spatial Web Foundation and the approximately three hundred P2874 working group participants who have worked diligently during the last five years to bring about this remarkable achievement. I believe that these global standards mark the dawn of the next era of the web,' said VERSES CEO, Gabriel René. Just as past IEEE standards, such as Wi-Fi® and Bluetooth®, have catalyzed global device interoperability, the Spatial Web standards aim to standardize secure communication, collaboration, and control among AI agents, IoT devices, robots, digital twins, and human users in digital and physical environments. One of the core standards, Hyperspace Modeling Language (HSML), provides for a shared multidimensional vocabulary for describing people, places, and things, while Hyperspace Transaction Protocol (HSTP) encodes permissions and policies into every digital interaction. Together, they provide both hardware manufacturers and software developers a common toolkit to reduce time-to-market, accelerate deployment, and lower integration costs, while empowering policymakers and regulators with a robust foundation for building safeguards that ensure systems interoperate intelligently, safely and ethically in the real world. One critical challenge that the standards were designed to address for businesses is ensuring standard protocols for identity, credentials, and trust when AI interacts with IoT devices and robots. For example, a factory might want to specify that only authorised individuals or agents may instruct a robot to move certain components to or from approved parts of the building. Consumers can determine how, when and where systems may use their data. For instance, an individual can share private medical information with a healthcare provider but ensure that the terms of use and access to their data remain under their control. VERSES plans to support the P2874 standards in future releases of its product, Genius. This will enable enterprises to develop intelligent agents interoperate more easily and obey enterprise-defined policies and laws. For Genius customers, this can mean quicker development and deployment and lower integration costs. 'We believe that integrating Spatial Web standards into Genius will create more robust, agentic, and autonomous systems that can better understand their surroundings, coordinate with other IoT and robotic systems, and comply with technical, legal and business requirements,' said James Hendrickson, President and COO of VERSES. He added, 'Imagine a warehouse robot rolling into a new facility, understanding the local policies, and starting to work within minutes with no custom coding required. That's the future-ready world that our customers are demanding and that VERSES is working to deliver.' More information can be found on the Spatial Web Foundation and IEEE websites: About VERSES VERSES® is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, our flagship product, Genius,™ is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. Imagine a Smarter World that elevates human potential through technology inspired by Nature. Learn more at LinkedIn and X. On behalf of the Company Gabriel René, Founder & CEO, VERSES AI Inc. Press Inquiries: [email protected] Investor Relations Inquiries James Christodoulou, Chief Financial Officer [email protected], +1(212)970-8889 Cautionary Note Regarding Forward-Looking Statements This news release contains statements which constitute 'forward-looking information' or 'forward-looking statements' within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and plans of the Company. Forward-looking information and forward-looking statements are often identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions. More particularly and without limitation, this news release contains forward–looking statements and information relating to the expectation that the Company anticipates listing its Class A Subordinate Voting shares for trading on Nasdaq; and other statements that are not historical facts. The forward–looking statements and information are based on certain key expectations and assumptions made by the management of the Company. As a result, there can be no assurance that such plans will be completed as proposed or at all. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company will successfully list its Class A Subordinate Voting shares for trading on the Nasdaq as anticipated by management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward–looking statements and information since no assurance can be given that they will prove to be correct. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward–looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, that the Company will not successfully list its Class A Subordinate Voting shares for trading on Nasdaq as anticipated by management or at all and other risks detailed from time to time in the filings made by the Company in accordance with securities regulations. Accordingly, readers should not place undue reliance on the forward–looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward–looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward–looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
Associated Press
6 days ago
- Business
- Associated Press
Spatial Web Foundation Announces IEEE Approval of Spatial Web Standards
LOS ANGELES, June 03, 2025 (GLOBE NEWSWIRE) -- The Spatial Web Foundation (SWF) proudly announces that The Institute of Electrical and Electronics Engineers (IEEE) has officially ratified the P2874 Spatial Web standards: the Hyperspace Modeling Language (HSML) and the Hyperspace Transaction Protocol (HSTP). These global standards establish the technical foundation for a secure, interoperable, and intelligent Spatial Web—enabling collaboration between AI agents, IoT devices, robotics systems, and digital infrastructure across real-world environments. The Spatial Web Protocol, Architecture, and Governance Standards were developed over a five-year period by IEEE Working Group comprised of members from industry, government, academia, and civil society. The Standards were developed within the IEEE Artificial Intelligence Standards Committee, under the auspices of the IEEE Computer Society, the largest global community of computer scientists and engineers. The Spatial Web standards are not just a technical protocol, but a global framework for how intelligent systems interact with both the physical and social worlds. By encoding semantic meaning, spatial context, and temporal logic, these standards enable the digital representation of people, places, objects, and processes in a manner that machines can understand and act upon—while ensuring alignment with human-designed systems of law, governance, and coordination. Just as past IEEE standards laid the foundation for technologies like Wi-Fi® and Bluetooth®, the Spatial Web standards (HSML and HSTP) provide a common language that manufacturers, developers, and engineers can rely on to build interoperable, compliant systems, reducing friction, accelerating deployment, and lowering integration costs. At the same time, they provide governments, regulators, and institutions with a technical foundation for developing policies, laws, and safeguards that help ensure these systems operate safely and ethically in the real world. By defining the methods and the rules for intelligent agents to interact with both digital systems and physical environments, the Spatial Web standards unlock new possibilities for automation, coordination, and control in sectors such as smart cities, logistics, manufacturing, defense, healthcare, aerospace, and virtual worlds. Key benefits include: 'The ratification of the Spatial Web standards marks a turning point—akin to the launch of TCP/IP for the internet,' said Bastiaan den Braber, Director of Operations at the Spatial Web Foundation. 'The standards lay the groundwork for a network that is not just informational, but spatial and intelligent—bridging the gap between the physical and digital worlds. This is how we prepare for, build, and benefit from the next era of the Web.' 'The Spatial Web standard offers the blueprint for harmonizing activities across digital twins, physical infrastructure, and AI and human agents,' said George Percival, Vice-Chair of the IEEE P2874 Working Group. 'This is a foundational leap toward scalable, semantic interoperability across domains.' About Spatial Web Foundation The Spatial Web Foundation is dedicated to the development and implementation of socio-technical standards that will provide a safe and secure and interoperable foundation for the Spatial Web. These standards ensure that exponential technologies are not only technically robust but also socially beneficial, safe, compliant with existing laws, and in alignment with societal norms and values. SWF is a community of developers, creators, scientists, and innovators with a shared mission to enable a hyper-connected, contextually aware, ethically-aligned network of humans, machines, and artificial intelligence. On behalf of the Company Press Inquiries: You can find more information at: and
