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Paris AI Action Summit Concludes
The Paris AI Action Summit, a high-profile gathering to set global AI policy, concluded on Tuesday. US Vice President J.D. Vance attended, representing the Trump administration’s stance on AI regulation and development.
Meta’s AI Investments Boost Share Value
Meta’s shares have reached historic highs due to its aggressive AI investments. These investments have improved user engagement and offset the impact of Apple’s privacy policies, although TikTok remains a significant competitor.
PM Modi Calls for Global AI Framework at Paris Summit
At the AI Action Summit in Paris, Prime Minister Narendra Modi emphasized the need for a global framework for AI that upholds shared values, addresses risks, builds trust, and ensures access for all, especially the Global South.
Vance Warns Europe Against Over-Regulation of AI
US Vice-President J.D. Vance stated that the Trump administration aims to make the US the “gold standard worldwide” for artificial intelligence. He also issued warnings against over-regulation of the emerging AI field in Europe.
Positron AI Chip Startup Raises $23M
Positron, a startup chip maker aiming to compete with Nvidia, has raised $23.5 million to scale production of its U.S.-made artificial intelligence chips. The funding round was led by Valor Equity.
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