Co-hosted by French President Emmanuel Macron and Indian Prime Minister Narendra Modi, the gathering’s stated aims include “mapping” AI governance around the world, promoting the idea of more ethical, accessible and frugal AI and pushing for European sovereignty over the technology.
Political leaders, including US Vice President JD Vance and Chinese Vice Premier Zhang Guoqing, are set to rub shoulders with the likes of OpenAI boss Sam Altman and Google chief Sundar Pichai.
‘Stargate’ sets the pace
The cash would come from the United Arab Emirates, “major American and Canadian investment funds” and French companies, Macron said.
The technical challenges and price of entry for nations hoping to keep abreast in the AI race have become clearer in recent weeks.
In the United States, President Donald Trump lent the aura of his office to the “Stargate” project to build computing infrastructure such as data centres.
“Europe has to find a way to take a position, take some initiative and take back control,“ said Sylvain Duranton of the Boston Consulting Group.
Global governance puzzle
Current AI aims to raise as much as $2.5 billion for its mission to grant AI developers access to more data, offer open-source tools and infrastructure for programmers to build on, and “develop systems to measure AI’s social and environmental impact”.
On Tuesday, political leaders from around 100 countries will hold a plenary session, with notable attendees including Modi, Vance, Zhang and Von der Leyen.
But any agreement may prove elusive between blocs as diverse as the European Union, United States, China and India, each with different priorities in tech development and regulation.
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