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Plurilock Security (TSXV: PLUR) has continued to develop security products for use with generative artificial intelligence. The company this morning disclosed that it has filed a nonprovisional patent application with the United States Patent and Trademark Office for its further tech in the category.
The patent covers new AI-driven cloud access security broker technology, which provides guardrails to reduce the risk of data leaking into AI platforms as generative AI is used by consumers. The need for this tech follows a rapid expansion in the use of generative AI, with OpenAI claiming that over 90% of Fortune 500 firms utilize such products.
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“We expect this nonprovisional patent application to further expand the base of proprietary technologies in AI and cybersecurity that is foundational to our Company. Furthermore, we are proud to showcase the expertise on offer in our industry-leading Critical Services team, which is responsible for the work that led to this filing,” commented Ian Paterson, CEO of Plurilock.
The filing of the patent follows Plurilock in July filing a patent for an omnibus system of AI-driven cloud access security broker tech, which protected against sensitive data being released through the use of generative AI. The system that has been designed is said to automatically anonymize or redact confidential information in interactions with AI in a manner that makes the user unaware such information has been redacted, and that the AI platform receives no confidential information.
This new nonprovisional patent is expected to further expand Plurilock’s IP strategy and holdings in the category, enabling major corporations to utilize generative AI without putting their own confidential data or IP at risk.
Plurilock Security last traded at $1.21 on the TSX Venture.
FULL DISCLOSURE: Plurilock Security is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Plurilock Security. The author has been compensated to cover Plurilock Security on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
