pactum

An AI system developed by Pactum was tested by the giant US retailer.

"We now see that some vendors prefer talking to a bot. If there are tens of thousands of vendors, it's hard to get human attention sometimes," says Martin Rand, chief executive of Pactum, which is based in Tallinn and Silicon Valley.

In the past, City firms and staff were expected to live up to the motto dictum meum pactum: my word is my bond.

As a result of this compromise the budget of 1899 was passed in little more than a month, and the commercial and tariff treaty with Austria were renewed till 1903.48 But the government had to pay for this complacency with a so-called “pactum,” which bound its hands in several directions, much to the profit of the opposition during the “pure” elections of 1901.

Otherwise, it would be simply a nudum pactum—a vow without consideration.