New Zealand Labour Backs Social Media Ban for Under-16s 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Carney’s Trump Tariff Pushback Wins Canadian Support, but Economic Risks Mount 
Nvidia Reportedly Eyes $13 Billion Hugging Face Acquisition 
Israeli Airstrike Kills Hamas Operative, Two Others in West Bank 
Nepal Declines Foreign Rescue Aid After Deadly Flash Flood 
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
Mojtaba Khamenei’s Absence Fuels Iran Leadership Doubts 
34 Australians Missing After Deadly Nepal Floods 
Bessent Defends US Yen Intervention Over Treasury Market Risks 
UN Criticizes US Terror Label for Palestine Action 
U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
Pentagon Eyes U.S. Troop Cuts in Europe Amid NATO Review 
SK Hynix Shares Fall as Workers Reject Wage Deal 
South Korea Leveraged Chip ETF Trading Plunges After New Rules 
Add as a preferred source on Google
U.S. Vice President JD Vance is set to attend the Artificial Intelligence (AI) Action (WA:ACT) Summit in Paris next week, according to a French diplomatic source. The visit comes as global competition in AI intensifies, with the U.S., China, and Europe striving for leadership in the sector.
Last month, U.S. President Donald Trump announced Stargate, a $500 billion AI initiative aimed at solidifying America's dominance in artificial intelligence. While the U.S. ramps up investment, Europe's AI landscape lags, with startups struggling to adopt cutting-edge technology as quickly as their American counterparts.
Meanwhile, China's AI industry is making waves with DeepSeek, a powerful new AI model offering businesses cost-effective access to advanced AI tools. The emergence of DeepSeek has disrupted the market, pressuring rival companies to enhance their models and reduce pricing. However, concerns over data practices have drawn regulatory scrutiny. Authorities in several European countries are investigating whether DeepSeek is improperly using OpenAI data or censoring information that reflects negatively on China.
As global AI investments surge, the upcoming WA:ACT Summit in Paris will bring together key stakeholders to discuss policy, innovation, and the future of artificial intelligence. With deepening geopolitical tensions and rapid AI advancements, the event is expected to highlight the growing divide between Western and Chinese AI ecosystems.
Vance’s participation underscores the U.S. commitment to AI leadership, reinforcing the nation’s strategic push to outpace China and support European allies in tech development. As AI shapes the global economy, the summit will be a pivotal moment in shaping the next phase of AI regulation, competition, and innovation.
