Modulus, a trailblazing US-based developer renowned for its cutting-edge trading, exchange, and surveillance technology, has set a new industry standard with the launch of its AI conversational assistant tailored for digital asset exchanges. As Modulus gears up to continue to revolutionize technological infrastructure across industries, it is with great excitement that the company announces that CEO Richard Gardner is a distinguished new addition to the board of the American Society for AI (ASFAI).

“Our company has been innovating in the AI and ML industry for nearly three decades. We have developed and patented revolutionary HPC and AI systems for the finance, defense, aerospace, healthcare, and sales industries, among others. We’re entering a new era in American history, one which will be fueled by artificial intelligence. It is important that we work together to ensure that AI is used to enhance, not detract from, the general welfare. One of the best ways to do that is by bringing together the best and brightest minds in the industry, and that’s what ASFAI aims to do,” said Gardner.

"Richard Gardner has an impressive track record of building businesses that help people and companies make better data-driven decisions, serving global clients like JP Morgan, Goldman Sachs, and IBM. He has robust experience in AI that spans decades, and we are excited to welcome him to the Board," said Rei Llazani, Acting Executive Director of ASFAI.

Gardner immersed himself in tech at a young age. At age 23, he sold his first commodity trading system, which used artificial intelligence to analyze crop reports and weather data. On the heels of success, he founded an A.I. software company in the 1990s. Focusing on new types of neural network algorithms, the company was later acquired by a Fortune 500. Soon after, he founded Modulus Financial Engineering and Modulus Global, which he has headed since 1997.

“There’s something special that happens when you create a private setting and then gather all the best thinkers on a given topic. It creates a feeling of security and immersion that really allows innovation to thrive. I look forward to being part of that,” said Gardner.

As a respected innovator and industry influencer, Gardner's appointment to the board of ASFAI adds another layer of credibility to Modulus' mission to positively reshape industries through AI-driven advancements. The convergence of Modulus' groundbreaking AI technology and Gardner's strategic leadership aims to create a future where AI seamlessly integrates with various sectors, redefining the boundaries of innovation.

“We’re currently at a point where public policy is going to steer the direction on artificial intelligence. Regulators are already beginning to see the need to put up roadblocks and further define how AI will be used. In New York, for example, they are specifically looking into AI bias in HR technology. More regulation will be in the works in the coming months and years, and the regulators would be wise to bring industry into the conversation. They shouldn’t regulate AI in a vacuum. They need to understand how the technology works. They need to fully understand the opportunities and the risks that exist. AI will be as transformative in the 21st century as the computer was in the 20^th. It is up to those who innovate to help politicians and bureaucrats see the value of their innovation, while acknowledging areas where oversight is necessary. I look forward to continuing to be part of that conversation,” said Gardner.