Europe also spies an opportunity to make a new bid for the AI crown. One of French President Emmanuel Macron's officials described the summit to journalists as a "wake up call" for France and Europe, adding that the bloc must not let the AI revolution "pass it by".

The Paris AI Action Summit comes weeks after Chinese AI startup DeepSeek’s cost-efficient LLMs sent shock waves across the tech industry.

Vice President JD Vance will attend a summit on artificial intelligence in Paris next week, according to a person familiar with his plans, a trip that will highlight the administration’s focus on the rapidly developing industry.