At the AI Summit in Paris, the US and UK refused to sign a declaration advocating for an ‘open, inclusive and ethical’ approach to AI.’ The declaration was endorsed by 60 countries including India, France, Germany and China.
Since the release of ChatGPT in 2022, there is a huge flow of capital into equites, this leading to an increase of around $10 trillion in the market value of the ‘Magnificent Seven.’
The US has 61 LLMs, followed by China (15). The release of DeepSeek has intensified the rivalry between China and the US.
There is a global power struggle over AI. Europe wants strict rules and public funding. China is expanding state-backed AI. The US has a free-market approach.
Generative AI has revolutionized the AI landscape. There are discussions on national security and data protection. There is no agreement on AI regulations. The is no agreement on AI regulations. It is necessary to have a global vision for AI. A global framework is desired so as to enjoy the advantages of AI and mitigate its risks.
The US and Europe have opposite views on regulating AI. The US thinks its AI technology is the gold standard worldwide. Its advocates least government intervention. Europe feels AI should be safe.
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