GFT among first to sign EU AI Pact

London, 14 October 2024 – GFT is among the first round of signatories to the European Union’s AI Pact. This step underlines GFT’s dedication to the responsible development and use of artificial intelligence (AI), as well as related efforts to upholding relevant legal and ethical standards in order to foster trust in the digital transformation.
 

The EU AI Pact highlights the importance of AI governance, the development of safe and trustworthy AI solutions, and of compliance with the AI Act which entered into force last month. It also emphasises the mapping of high-risk AI systems and promoting AI literacy among staff. It is designed to ensure that AI technologies are developed in a transparent and trustworthy manner. GFT's early involvement demonstrates the company’s role as an AI pioneer and its leadership  in  paving the way for the use of AI by its clients.
 

“Our commitment to the EU AI Pact reflects our belief that innovation and responsibility must go hand in hand,” said GFT CFO Jochen Ruetz. He continued, “At GFT, we aim to build AI solutions that not only drive progress but also help our clients remain compliant with regulatory requirements. This also ensures we safeguard the trust of those who use those solutions.”
 

GFT Co-CEO Marco Santos added “Joining the EU AI Pact reinforces our commitment to leveraging AI to drive business transformation. We help our clients harness the full power of AI, safe in the knowledge that they are compliant with legal and ethical standards in the development and use of AI.”

GFT is committed to accelerating AI adoption through its AI.DA Marketplace, a platform that combines predictive and generative AI technologies and data analytics. The GFT AI.DA Marketplace promotes the development and introduction of AI applications by providing a comprehensive collection of use cases, methods, reference architectures and preconfigured solutions. This helps to significantly boost the digital transformation.

GFT UK’s Head of Data and AI Simon Thompson commented, “The AI Pact is a very welcome development. In the UK we take the view that conforming to ethical principles to produce trustworthy AI systems is equivalent to fitting good brakes to your car - it’s both what keeps you safe and what allows you to be confident going fast.”