The vice president said the world had better follow the U.S.’s lead in both model development and its hands-off regulatory approach.

Europe has been at the forefront of shaping regulation of AI technologies, with critics often accusing the EU of going in "too heavily, to the detriment of innovation", said CNBC. But now, led by France, it is aiming to be "part of the conversation around AI leadership and innovation that has so far been dominated by the US and China".

Explore the latest European AI initiatives highlighted during the AI Action Summit in Paris. View whether they will help Europe rival the U.S. and China.