Yet such worries were pushed to the back burner as the U.S., in particular, made a forceful argument against moves to regulate the sector, with Vance saying that the Trump Administration “cannot and will not” accept foreign governments “tightening the screws on U.S. tech companies.”

European Commission President Ursula von der Leyen delivered a speech on the European Union's AI aims at the Paris AI Summit on Tuesday.

European Commission President Ursula von der Leyen said Tuesday that the race for AI leadership had not yet been won by China or the U.S.