Macron and Modi co-chair AI Action Summit in Paris, focus on responsible innovation

The AI Action Summit is taking place in Paris on February 10-11, co-chaired by Indian Prime Minister Narendra Modi and French President Emmanuel Macron. The summit focuses on AI's potential and responsible use, gathering global leaders and tech executives. Macron welcomed Indian participants in a video, emphasizing a friendly atmosphere. He highlighted the need for a balance between innovation and regulation in AI development, warning against both excessive rules and a lack of guidelines. During the summit, France announced a €109 billion investment in private sector AI. Additionally, the launch of Current AI, a collaboration with Google and Salesforce, aims to fund public-interest AI projects with an initial $400 million.