At a worldwide meeting in Paris on Monday, President Emmanuel Macron declared that France would cut red tape to develop AI infrastructure in an effort to keep Europe competitive for the technology’s anticipated benefits.
As world powers compete to take the lead in the rapidly evolving technology, the Paris Summit, which is co-hosted by Indian Prime Minister Narendra Modi, intends to establish the framework for regulating the emerging industry.
According to Macron, who addressed a group of political and tech leaders, “we will adopt the Notre Dame de Paris strategy” on AI projects, which saw France reconstruct the iconic cathedral within five years after it was destroyed in a fire in 2019.
He continued by suggesting that the program would apply to data centres, authorisations to market AI goods and commercial “attractiveness.” “You decide, you streamline all the procedures, somebody is in charge,” he said.
Prominent guests had previously stated that although AI has the potential to increase international trade in the future significantly, it is already widening the gender wage gap. According to calculations made by her team, “near-universal adoption of AI… could increase trade by up to 14 percentage points” from its current trajectory, said Ngozi Okonjo-Iweala, the head of the World Trade Organisation.
However, she noted that both trade and production contracts could result from the worldwide “fragmentation” of legislation governing technology and data flows. According to Gilbert Houngbo, head of the International Labour Organisation, AI is largely replacing humans in clerical positions that are disproportionately held by women in the workplace.
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