The Paris AI Summit is set to take place on February 10 and 11, turning the city into the epicenter of the AI world as it hosts the AI Action Summit. This third edition of the summit will be co-chaired by Prime Minister Narendra Modi, bringing together global leaders and tech executives to discuss the future of AI.

As attendees prepare to deliberate on investments and strategies, French President Emmanuel Macron has already extended a warm welcome to Indian participants in a desi style through his Instagram channel.

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“Bhaarat ke logon ko mera namaste,” Macron said in a clip shared on Instagram, which was captioned, “Welcome to our Indian friends at the AI Action Summit!”

AI Action Summit in Paris

The AI Action Summit in Paris aims to explore both the potential of AI and the challenges surrounding its development, particularly the delicate balance between fostering innovation and ensuring responsible implementation.

“There’s a risk some decide to have no rules and that’s dangerous. But there’s also the opposite risk, if Europe gives itself too many rules,” French President Emmanuel Macron told regional French newspapers, as per Reuters. “We should not be afraid of innovation,” he added.

The summit also marked the launch of Current AI, a collaborative initiative involving France, Germany, and industry giants like Google and Salesforce.

With an initial funding of $400 million, Current AI will focus on public-interest projects, such as making high-quality data available for AI development and investing in open-source tools. The partnership aims to secure up to $2.5 billion in funding over the next five years.

Additionally, Macron announced that France will attract approximately €109 billion (about $113 billion) in private sector AI investment during the summit. This announcement comes just days after US President Donald Trump announced a $500 billion investment in AI.