World Renowned Researcher Karl Friston Joins A.I. Tech Start-Up Verses Technologies as Chief Scientist
Verses Technologies (NEO: VERS; OTCQX: VRSSF) has appointed world-renowned scientist and leading AI researcher, Karl Friston, as its Chief Scientist. Friston is a professor of neuroscience at University College London and will now oversee the Verses’ advanced AI research and development.
Friston is a leading scientist in the field of computational neuroscience and AI, and is particularly known for his expertise in the development and application of active inference. His approach uses design principles from nature to design intelligent systems.
He was ranked the number 1 most influential neuroscientist in the world by Semantic Scholar in 2016, and has received numerous awards and accolades for his work. His appointment as chief scientist of Verses not only validates their platform’s framework for advancing AI implementations but also highlights the company’s commitment to expanding the frontier of AI research and development.
Indeed Friston’s expertise will be invaluable in helping the company execute its vision of deploying a plethora of technologies working toward a smarter world through AI.
Friston, Verses’ Near Term Implementations and Long Term Vision
Friston’s first output during his tenure at Verses is a white paper that proposes a new approach to addressing the limitations of current AI systems. It outlines a road map for achieving the holy grail of AI known as artificial general intelligence (AGI). That white paper, entitled Designing Ecosystems of Intelligence from First Principles, is published on Arxiv.org and is linked at the end of this article for ease of reference.
Verses’ present focus is on developing and deploying AI powered solutions for the global supply chain industry. The reasons for this focus can be summarized via the following three main ideas.
- The sheer size of the potential supply chain market.
The supply chain industry is vast and complex, with many opportunities for innovation and improvement. This means that there is a large potential market for the company’s solutions, and the potential for significant revenue growth.
By automating tasks, optimizing routes and logistics, and reducing errors and waste, Verses can help companies in the supply chain industry to operate more efficiently and effectively. - Large current and future demand within the supply chain.
Current challenges facing the global supply chain include labor shortages, equipment (un)availability and bottlenecks are likely to continue to be exacerbated in the future. This creates a strong demand for technology solutions that can help companies to overcome these challenges and maintain the flow of goods and services
Furthermore, increasing sustainability demands from regulators are more easily met with the help of AI by optimizing routes, reducing waste and overall reducing their carbon footprint and environmental impacts. - The particular applicability of Friston’s methodology to addressing supply chain solutions.
Friston’s approach to designing intelligent systems is inspired by nature and based on the physics and neurobiology of information processing. This is particularly well-suited to the complex and dynamic nature of the supply chain.
Further, this approach should also provide a much needed natural, intuitive, and efficient interface for interacting with AI systems in an ecosystem as complex as the supply chain, which will more and more require the interaction between humans and the relevant technologies.
By penetrating the supply chain industry first Verses not only validates the capability of their technology to solve complex problems but also gives them a competitive advantage when stepping out to other industries.
The global supply chain largely represents global connectivity and the flow of goods and resources. By having Verses’ technology first innervate the supply chain, expanding to other industries dependent upon the supply chain will be more natural and more efficient. The supply chain is the scaffolding that paves the inroads to other industries.
AI Technology Companies Set to Re-Shape the Future, Quickly
It is an exciting time to be involved in the AI industry right now. Exponential growth has never felt more….exponential than it does right now.
The recent rage about OpenAI’s ChatGPT has exposed the general public to the growing and exciting applications of AI technology.
With Karl Friston joining as Chief Scientist it is clear that Verses is on a very short list of AI companies to keep an eye on. The potential for exponential growth in AI technology is immense and Verses is now pushing the boundaries of what is possible in the industry.
It is a fascinating time in human history to follow the companies that are shaping the future of AI and the supply chain industry. And it’s easy to see how this technology will soon be revolutionizing other industries as well.
AI research enthusiasts can find Friston’s white paper here for further reading.
Designing Ecosystems of Intelligence from First Principles
Potential Verses investors can click here to learn more about the company’s fundamentals and investment thesis.
Verses Company Profile Page
Bill McClain
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