The Artificial Intelligence Action Summit in Paris recently took place, drawing nearly 100 world leaders and tech firms. The consensus among attendees was that 2025 is not the year for new AI regulations, with France leading the charge to simplify rules in Europe to allow for AI advancements and avoid falling behind the competition.
The urgency for regulatory changes comes after the disruption caused by Chinese start-up DeepSeek in January. The company introduced a cheaper and more efficient chat model that rattled Wall Street and Silicon Valley, causing stocks to plunge for American competitors like ChatGPT.
The question on everyone’s minds is who is winning the AI war – or if the battle lines are just now being drawn. Experts at the summit, including Jody Westby, CEO of Global Cyber Risk, Toby Walsh, chief scientist at the AI Institute at the University of New South Wales, and Adrian Monck, a former managing director at the World Economic Forum specializing in AI, discussed the need for collaboration and innovation to stay competitive in the rapidly evolving AI landscape.
With the push in Europe to cut red tape and encourage AI advancements, the global AI race is heating up. As countries and companies strive to stay ahead, the need for cooperation and streamlined regulations has never been more critical.
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