Can simplifying AI rules in Europe create competition for US and China?

The Artificial Intelligence Action Summit in Paris has drawn nearly 100 world leaders and tech firms, and the consensus is that 2025 is not the year for new AI regulations.

France says it is time to simplify the rules in Europe to allow AI advances – or risk being left behind.

In January, Chinese start-up DeepSeek disrupted Wall Street and Silicon Valley. Stocks plunged when it launched a cheaper and more efficient chat model to rival those of its American competitors, such as ChatGPT.

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