PYMNTS.com February 11, 2025
This week’s AI Action Summit in Paris — the artificial intelligence (AI) community’s equivalent of Davos — saw the Europeans act decidedly un-European.
The annual event, which is attended by global heads of state and industry titans, typically focuses on AI safety and regulations. But this year, safety has been eclipsed by talk of cutting red tape, innovating faster and accelerating investments in AI. The shift in mood comes as the EU AI Act, the most sweeping AI regulations in the world, took effect on Feb. 2.
The European Union, with its 27 member states, is investing €200 billion ($207 billion) in AI, according to Ursula von der Leyen, president of the European Commission, the executive branch of the EU.
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