EU leaders call for regulatory cuts to boost artificial intelligence innovation at Paris summit

World leaders and tech executives are meeting in Paris for a two-day summit on artificial intelligence, organized by French President Emmanuel Macron. The summit comes as Chinese start-up DeepSeek emerges as a competitor to US tech giants like OpenAI. Cecilia Bonefeld-Dahl, head of Digital Europe, stated that Europe risks falling behind in AI without reducing regulations. The EU's recent AI Act imposes strict rules, including bans on certain uses of AI, which some believe hinder innovation. European officials are exploring plans for "AI factories" to support start-ups with access to advanced computing resources. They aim to position Europe as a leader in trustworthy AI, despite concerns about overregulation.