Key Takeaways From The Paris AI Summit
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The fresh funding from the EU comes a day after France announced a 109bn investment into AI.
Action", investments" and opportunities" were some of the key takeaways from the third global artificial intelligence (AI) summit which drew to a close in Paris this afternoon (11 February).
Concluding the two-day summit held at the Grand Palais, European Commission president Ursula von der Leyen announced an additional 50bn in investments, on top of the 150bn already mobilised yesterday (10 February).
10bn of the EU's investment is earmarked for AI factories, of which 12 were already set up in just a few months," von der Leyen said.
This is not a promise - it is happening right now, and it is the largest public investment for AI in the world".
Over the weekend, French president Emmanuel Macron announced a more than 100bn AI investment over the next few years, in a bid to make France a leader in the latest chapter of the AI technology race.
While on Monday, the EU AI Champions' initiative - a collective of more than 60 European companies - has pledged 150bn for AI-related opportunities" in the continent for the next five years.
The summit brought high-profile names under one roof, including US vice-president JD Vance, OpenAI's CEO Sam Altman and Irish Taoiseach Micheal Martin to discuss the future of AI as well as the safety and sustainability of the technology.
[...] The summit presented the opportunity for attending nations to sign an international agreement on AI that promotes inclusivity' and sustainability' for the people and the planet. The agreement's main priorities also promote transparency, safety as well as security and trustworthiness.
However, while 60 countries signed the agreement - including China - the US and UK avoided inking their pledges to the agreement.
Responding to news outlets, a spokesperson for the UK's prime minister said that the government would only ever sign up to initiatives that are in UK national interests".
However, [France] remain one of our closest partners in all areas of AI," the spokesperson added.
Meanwhile, Forrester VP and principal analyst Thomas Husson said: I'd be very surprised if all participants were to sign a meaningful political declaration [at the summit]. At best, there might be some generic consensus on AI risks. Is it a failure? Definitely not.
[...] However, Macron's enthusiastic pitch inviting AI investments and businesses in the country, along with France's own more 100bn investment pledge, will ultimately not change much, explained Husson.
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