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2025-02-11 17:34:23 / TRENDING ALFA PRESS

After the US and China, Europe looks to Artificial Intelligence, Macron follows

It's been a busy week in Paris, as the Artificial Intelligence (AI) Action Summit held important discussions on the development of this technology.

The two-day summit brought together global leaders, technology industry executives and scientists to discuss the impact of AI on international security, the economy and governance.

The summit, co-chaired by French President Emmanuel Macron and Indian Prime Minister Narendra Modi, takes place as countries like the US and China compete for AI dominance.

150 billion euros for 'AI Champions'

A group of 20 major corporations, firms and startups came together behind a plan to invest €150 billion in European AI over the next five years.

The initiative, led by the firm General Catalyst, wants to bridge the gap between investors and startups to “unlock Europe’s full potential in AI.”

The group will also work with the European Commission to “create a simplified AI regulatory framework,” with a discussion set to take place with “a select group of CEOs” to begin drafting strategies to accelerate AI adoption.

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"By seizing this moment, working with greater purpose and embracing deep collaboration, Europe can seize a generational opportunity by leading in applied AI, integrating it into our industrial base to increase productivity, sustainability and economic sovereignty," Jeannette zu Fürstenberg, managing director of General Catalyst, said in a statement.

More than 60 European companies have signed up to the initiative, including chipmaker ASML, Airbus, Mistral AI, Siemens, Spotify, Volkswagen and L'Oreal Group.

Macron launched Current AI on Tuesday with an initial investment of $400 million from the French government, philanthropists and industry partners.

According to a statement, the public interest foundation will “reshape” the AI landscape by expanding access to datasets, investing in open-source tools to make AI more transparent, and measuring the social and environmental impact of AI.

“We have a critical window to shape the future of artificial intelligence,” Martin Tisné, founder of Current AI, said in a statement.

"AI has the power to transform access to jobs, healthcare and education for the better, but only if we act now. Current artificial intelligence will drive a shift towards open, people-first technologies."

11 European governments, including EU members France, Germany, Slovakia, Finland and Switzerland, are supporting the project.

According to a statement, the initiative brings together technology leaders to develop and provide free, open-source security tools to public and private organizations.

The initiative will also make it easier to report child sexual abuse material online and will use large language models that train AI systems to deploy "safety infrastructure."

The NGO has support from the founders of Discord, OpenAI, Roblox, and other foundations.

A new partnership was announced at the summit on Monday between French startup Mistral AI and Helsing, a European defense technology company, who will work together on AI systems in defense.

A press release said the joint project will work on so-called vision-language-action models that will help defense platforms "understand their environment, communicate naturally with operators, and allow faster and more reliable decisions in complex scenarios."

Helsing already uses artificial intelligence in its military technology, including attack drones deployed in Ukraine.

"Europe needs to assert its power as a geopolitical actor, and AI leadership is key to this strength," said Gundbert Scherf, co-founder of Helsing, in a statement.

One announcement made ahead of the conference is Macron's statement that his country's private artificial intelligence sector will receive 109 billion euros dedicated in the "coming years."

Macron told French broadcaster France 2 that the investment is "the equivalent for France of what the United States announced with Stargate," referring to US President Donald Trump's $500 billion private artificial intelligence investment project announced in his first weeks in office.

Part of this financing includes a previously made agreement with the United Arab Emirates to foot the bill for an amount between 30 and 50 billion euros to build a data center campus that would be the largest in Europe, Le Monde reported.

Canadian investment firm Brookfield also announced a €20 billion investment in AI infrastructure in France.

French companies, including telecommunications firms Iliad and Orange, and Thales, an aerospace and defense group, are also contributing.