Summary
We target the global AI market, which has current value of €187.1B (TAM) and a CAGR of 37.3% until 2029. In this TAM, the generative AI market with €12.5B and 27% CAGR constitutes a sub-market addressed by us. AI risk management and governance sector (SAM) has a current market value of €220M and a CAGR of 42.1% until 2029. Industry leaders, e.g., Musk and Wozniak, request a stepping back from training models with an ever-increasing complexity. QuantPi’s platform is the first all-in-one, model-agnostic, plug & play solution for risk management of generative AI. For the first time, we enable companies developing or operating generative AI systems to automatically assess and mitigate major risks across dimensions such as performance, fairness, robustness, explainability, and more. Our solution assesses conformance with +100 standards and regulations, including the EU AI Act, ISO/IEC 23894, and NIST AI RMF and assists companies in their pursuit of responsible and trustworthy AI systems.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/101144749 |
| Start date: | 01-02-2024 |
| End date: | 31-01-2026 |
| Total budget - Public funding: | 3 569 250,00 Euro - 2 498 475,00 Euro |
Cordis data
Original description
We target the global AI market, which has current value of €187.1B (TAM) and a CAGR of 37.3% until 2029. In this TAM, the generative AI market with €12.5B and 27% CAGR constitutes a sub-market addressed by us. AI risk management and governance sector (SAM) has a current market value of €220M and a CAGR of 42.1% until 2029. Industry leaders, e.g., Musk and Wozniak, request a stepping back from training models with an ever-increasing complexity. QuantPi’s platform is the first all-in-one, model-agnostic, plug & play solution for risk management of generative AI. For the first time, we enable companies developing or operating generative AI systems to automatically assess and mitigate major risks across dimensions such as performance, fairness, robustness, explainability, and more. Our solution assesses conformance with +100 standards and regulations, including the EU AI Act, ISO/IEC 23894, and NIST AI RMF and assists companies in their pursuit of responsible and trustworthy AI systems.Status
SIGNEDCall topic
HORIZON-EIC-2023-ACCELERATOROPEN-01Update Date
12-03-2024
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