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- Paris holds AI summit w/ over $100Bn in investments
Paris holds AI summit w/ over $100Bn in investments
Plus Elon launches $90Bn bid for takeover of OpenAI
Today’s Highlights:
📰 News: Paris holds AI summit, attended by AI leaders across the world, as Macron pushes for massive AI investment and new reforms to EU regulations
💰 Funding: Macron announces $100Bn in AI investments + Elon launches $90Bn bid for takeover of OpenAI
⚡️ Top News Stories:
1. At the Paris AI Summit, Macron pushed for simplified EU AI regulations, announced €109Bn ($113Bn) in private AI investments (more details below), and urged European companies to prioritize local AI startups over U.S. and Chinese competitors, emphasizing Europe's need to stay competitive in the global AI race. More updates from the summit:
The nonprofit Robust Open Online Safety Tools (ROOST) was launched to develop open-source AI safety tools, ensuring responsible AI use and bridging the gap for startups, nonprofits, and governments lacking access to essential AI safety resources.
Fei-Fei Li (Godmother of AI) called for academia, open-source communities, and the public sector to play a larger role in AI development, warning that Big Tech’s dominance could stifle innovation and limit curiosity-driven research, while urging policymakers to base AI regulations on scientific assessment rather than sci-fi-driven fearmongering.
The EU AI Champions Initiative—backed by Mistral AI, ASML, and 60+ companies—urges the EU to simplify AI regulations, arguing that complex laws are slowing innovation.
Current AI, a $400M+ public-interest AI initiative backed by Google, France, and several global partners, aims to fund ethical AI projects focused on healthcare, climate, and open-source innovation.
2. Mistral AI upgraded its Le Chat AI assistant to deliver high-speed responses, real-time knowledge access, and advanced tools for documents, coding, and image generation, with new mobile apps for both iOS and Android, along w/ new free and paid service tiers.
3. GitHub’s latest Copilot updates introduce agent mode for self-correcting code, Vision for image-to-code generation, and Project Padawan, an AI coding agent designed to automate GitHub workflows.
4. Anthropic launches an Economic Index that aims to analyze and understand AI's effects on labor markets and the broader economy over time, with the first inaugural report revealing that AI is primarily used to augment human capabilities in software development and technical writing tasks, with significant adoption in mid-to-high wage occupations.
5. In a new blog post, OpenAI CEO Sam Altman outlines three pivotal observations on AI economics, warning that AI’s economic benefits may not be evenly distributed, proposes a compute budget to improve access, and predicts AGI will require massive global scaling.
6. OpenAI is expanding its European footprint by opening its first German office in Munich, following previous establishments in Dublin, London, Paris, and Brussels, as part of its strategy to strengthen its presence across Europe.
7. DeepMind’s AlphaGeometry2, combining Google’s Gemini AI with a symbolic engine, outperformed Olympiad gold medalists by solving 84% of IMO geometry problems, marking a leap in AI-driven mathematical reasoning
8. Apple’s new robotics research, inspired by the Pixar lamp, explores how expressive movements in non-humanoid robots can improve user engagement in smart home interactions.
9. Anthropic CEO Dario Amodei warns that DeepSeek R1 performed the worst in bioweapons-related AI safety tests, with no safeguards against generating dangerous information.
10. The Musk-led Department of Government Efficiency (DOGE), is using AI to analyze federal spending and explore automation in federal agencies, raising concerns about bypassing democratic checks and concentrating executive power.
💰 Top Funding News:
1. French President Emmanuel Macron unveiled a €109Bn ($112Bn) AI investment package, likening it to the U.S. Stargate initiative in scale, with major contributions from the UAE (€30Bn-€50Bn), Canada’s Brookfield (€20Bn), Bpifrance (€10Bn), and Iliad (€3Bn), primarily funding AI data centers powered by France’s nuclear energy surplus.
2. Elon Musk and a group of Tesla and SpaceX investors launched a $97.4Bn hostile takeover bid for OpenAI, which CEO Sam Altman swiftly dismissed on X with a sarcastic reply, suggesting OpenAI should instead buy Twitter for $9.74Bn.
3. Safe Superintelligence (SSI), co-founded by ex-OpenAI chief scientist Ilya Sutskever, is in early talks to raise funding at a $20Bn valuation—four times its previous $5Bn mark—as it pursues the development of AI surpassing human intelligence while ensuring value alignment, though details of its research remain highly secretive.
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