Substantial number of companies join EU AI Pact for trustworthy AI development
On 25 September 2024, the European Commission announced that over 100 companies, including multinational corporations and European small and medium enterprises from various sectors like IT, healthcare, banking, and automotive have signed the EU's Artificial Intelligence (AI) Pact.
The pact represents voluntary pledges to ensure safe and responsible AI development, aligning with the EU AI Act. The signatories commit to fostering trustworthy AI, promoting awareness and preparing for the Act’s requirements ahead of its full enforcement.
Key commitments in the pact include:
- Developing AI governance strategies to ensure compliance with the AI Act.
- Mapping high-risk AI systems that will be regulated under the Act.
- Enhancing AI literacy and ethical practices within companies.
Beyond these core actions, more than half of the signatories have also pledged additional efforts, such as ensuring human oversight and clearly labelling AI-generated content, like deepfakes.
Background on the AI Act
The AI Act, which came into force in August 2024, sets comprehensive rules for AI deployment across the EU. While some provisions are already in effect, the full law will be implemented over the next few years, depending on the type of AI system and its risks.
European Commission’s press release can be found here.
Our previous blog post on the AI Act can be found here.
