The world is abuzz with artificial intelligence (AI) as leaders and executives gather in Paris for the AI summit. The event aims to discuss how to safely embrace AI, amidst growing resistance to heavy-handed regulations that stifle innovation. The EU's AI Act, the world's first comprehensive set of rules governing AI, has been approved, but tech giants and some capitals are pushing for a lenient enforcement. Meanwhile, China's DeepSeek has challenged US and British AI leadership by freely distributing a human-like reasoning system, galvanizing a global scramble to develop AI.
EU Rules for Advanced AI are a Step in the Wrong Direction, Google Says
Google has criticized the EU's draft rules for advanced AI, calling them a "step in the wrong direction" at a time when Europe seeks to restore its competitiveness. The rules, part of a voluntary code of practice, threaten to introduce several requirements that go beyond the scope of the AI Act. Google's president of global affairs argued that the code puts a burden on the industry and is not necessary.
OpenAI CEO: Costs to Run Each Level of AI Falls 10x Every Year
OpenAI CEO Sam Altman has stated that the cost of using any given level of AI falls by approximately ten-fold every year. This could lead to a dramatic decrease in the price of goods and make AI more accessible to everyone. Altman predicts that the price of many goods will eventually fall dramatically, but the price of luxury goods and some inherently limited resources may rise even more dramatically.
Markets Aren't as Enthusiastic Over Trump and AI as Before
The excitement over AI and US President Donald Trump's perceived friendliness to the stock market has waned. Investors are now more cautious, and any mention of tariffs or AI-related issues sends stocks tumbling. The cost of using AI is falling rapidly, but the uncertainty surrounding its impact on the market is causing investors to be more cautious.
Paris AI Summit Draws World Leaders and CEOs Eager for Technology Wave
The Paris AI summit is bringing together world leaders and CEOs to discuss how to safely embrace AI. The event aims to promote a lighter-touch approach to AI regulation, which would help keep European firms in the tech race. France is investing heavily in AI, with President Emmanuel Macron announcing a total of EUR 109 billion in investment in AI projects over the coming years.
France Unveils €109 Billion AI Investment Plan
France is going all in to address Europe's AI irrelevance. President Macron has announced a total of EUR 109 billion in investment in AI projects over the coming years. This is the first European country with AI infrastructure on par with the US and China. The investment plan aims to promote France's national industry and focus on areas where Europe has an advantage, such as free, "open-source" systems, and clean energy to power data centers.
AI Buzz Sparks Gains in Chinese and Hong Kong Markets
The excitement over AI has sparked gains in Chinese and Hong Kong markets. DeepSeek's AI advancements have been a major confidence booster for the market. The Shanghai Composite Index rose by 0.3%, and the Hang Seng Index jumped 1.4%. AI-linked firms were in the spotlight, with Cambricon Technologies soaring 6.2% and CloudWalk Technology reaching its 20% daily rise limit.
Key Takeaways
- The EU's AI Act has been approved, but tech giants and some capitals are pushing for a lenient enforcement.
- Google has criticized the EU's draft rules for advanced AI, calling them a "step in the wrong direction".
- The cost of using AI is falling rapidly, but the uncertainty surrounding its impact on the market is causing investors to be more cautious.
- France is investing heavily in AI, with President Emmanuel Macron announcing a total of EUR 109 billion in investment in AI projects over the coming years.
- The excitement over AI has sparked gains in Chinese and Hong Kong markets, with DeepSeek's AI advancements being a major confidence booster for the market.
Sources
- EU rules for advanced AI are step in wrong direction, Google says
- OpenAI CEO: Costs to run each level of AI falls 10x every year
- CNBC Daily Open: Markets aren’t as enthusiastic over Trump and AI as they used to be
- Paris AI summit draws world leaders and CEOs eager for technology wave
- France unveils €109 billion AI investment plan
- AI Buzz Sparks Gains In Chinese And Hong Kong Markets
- FOX Carolina Investigators: Predators using artificial intelligence
- Paris AI summit draws world leaders and CEOs eager for technology wave
- France to announce EUR109 billion in fresh AI investments
- Paris AI summit draws world leaders and CEOs eager for technology wave