Over 100 companies sign EU AI Pact

BRUSSELS: The European Commission announced that over a hundred companies became the first signatories of the EU Artificial Intelligence (AI) Pact and its voluntary pledges. The signatories include multinational corporations and European small and medium enterprises (SMEs) from diverse sectors, including IT, telecoms, healthcare, banking, automotive, and aeronautics. The Pact supports industry's voluntary commitments to start applying the principles of the AI Act ahead of its entry into application and enhances engagement between the EU AI Office and all relevant stakeholders, including industry, civil society and academia. The EU AI Pact voluntary pledges called on participating companies to commit to at least three core actions: AI governance strategy to foster the uptake of AI in the organisation and work towards future compliance with the AI Act, high-risk AI systems mapping by identifying AI systems likely to be categorised as high-risk under the AI Act, and promoting AI literacy and awareness among st aff to ensure ethical and responsible AI development. In addition to these core commitments, more than half of the signatories committed to additional pledges, including ensuring human oversight, mitigating risks, and transparently labelling certain types of AI-generated content, such as deepfakes. Companies are welcome to join the AI Pact and commit to the core and additional pledges at any moment until the AI Act fully applies. Source: Emirates News Agency