For a man who’s spent his career battling to make France more pro-business, Europe’s prospects on artificial intelligence are worrying: an oversight that could cost the bloc dearly.

France will announce private sector investments totalling some 109 billion euros ($112.5 billion) in its artificial intelligence sector during the Paris AI summit which opens on Monday, President Emmanuel Macron said.

French President Emmanuel Macron trumpeted the benefits of artificial intelligence Sunday, ahead of a two-day Paris summit on the technology and its potential benefits and pitfalls.

During this visit, PM Modi will co-chair the AI Action Summit with Macron in Paris, hold bilateral talks with him, and address business leaders.

French President Emmanuel Macron welcomed Prime Minister Narendra Modi in Paris, and extended a friendly greeting, expressing his enthusiasm for the AI Action Summit, which he is going to co-chair with him.

PM Modi said the governance of AI should manage risks and rivalries, promote innovation and ensure its use for global good