Project description
First risk management platform for generative AI testing
The current value of the global AI market stands at EUR 187.1 billion in the Total Addressable Market, with a compound annual growth rate of 37.3 % projected until 2029. Generative AI falls within this market as a distinct sub-market. Industry leaders are calling for measures to reduce the complexity associated with training and validating models. In this context, the EIC-funded QuantPi project has developed an all-in-one model-agnostic, plug-and-play solution for the risk management of generative AI. This platform will empower companies engaged in the development or operation of generative AI systems to automatically evaluate and mitigate significant risks across various dimensions, including performance and fairness.
Objective
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.
Fields of science
Keywords
Programme(s)
- HORIZON.3.1 - The European Innovation Council (EIC) Main Programme
Funding Scheme
HORIZON-EIC-ACC-BF - HORIZON EIC Accelerator Blended FinanceCoordinator
66121 SAARBRUCKEN
Germany
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.