Vance to Attend AI Summit in Paris, Highlighting Trump Priority
(Bloomberg) -- 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.
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The AI Action Summit brings together government officials, business leaders, and the heads of international groups and non-governmental organizations. The trip will be Vance’s first abroad since becoming vice president. The person familiar discussed the planned visit on condition of anonymity.
The summit comes shortly after Chinese startup DeepSeek jolted competitors in the US and around the world with the debut of an AI model seen as competitive with other chatbots at a fraction of the cost.
DeepSeek’s model has raised questions about the billions firms have spent to develop artificial intelligence technology and whether Beijing is closing the gap with the US in the rapidly developing sphere.
US President Donald Trump has downplayed DeepSeek’s progress, last month casting it as a “wake-up call for our industries that we need to be laser-focused on competing to win.”
Trump in his second term has vowed to bolster US support for the AI sector, signing executive actions that call for the creation of an interagency group to advise on policy, and undo safety and transparency requirements for developers established by predecessor Joe Biden’s administration. He’s also tapped prominent venture capitalist David Sacks as the first-ever White House czar for AI and crypto.
Trump last month unveiled a $100 billion investment to build up AI infrastructure such as data centers, with goals of raising that to $500 billion in the future, that is backed by OpenAI’s Sam Altman, SoftBank Group Corp.’s Masayoshi Son and Oracle Corp.’s Larry Ellison. Trump has also pledged to boost domestic energy production to meet AI demands.
Trump has framed AI development as a national security priority, casting it as essential for the US to maintain leadership in the sphere. The Trump administration is also considering additional curbs on the the sale of chips from Nvidia Corp. to China. Nvidia is the top maker of chips to power AI workloads.
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