From CNBC: 2024-05-31 01:12:21

French President Emmanuel Macron spoke at the Viva Technology conference, showcasing France’s AI advancements. The country is attracting significant investments, including a $220 million seed funding round for AI firm H, backed by U.S. tech giants. France aims to position itself as a global AI leader, fostering innovation and talent.

Viva Tech in Paris showcased AI innovations from companies like L’Oreal, highlighting France’s growing presence in the tech industry. With significant private investments and backing from U.S. tech giants like Microsoft, France is on track to become a top player in AI development, fostering a vibrant startup scene.

French President Macron emphasized the importance of positioning France as a tech leader, aiming to bridge the gap with the U.S. and China in AI development. Meeting with tech industry leaders, including Eric Schmidt, Macron discussed strategies to make Paris a global AI hub. France shows potential to be a top country in AI, with a boost in funding and innovation.

France’s tech industry is rapidly advancing in AI, with significant investments and innovative projects showcased at Viva Tech. The country aims to solidify its position among the top players in AI globally, despite facing competition from the U.S., China, and the U.K. Regulation challenges may impact innovation, requiring a delicate balance for growth.

Read more: France aims to become global AI leader with backing from U.S. Big Tech