The Globe and Mail reports in its Tuesday edition that at an AI summit in Paris, French President Emmanuel Macron announced plans to cut regulations to promote artificial intelligence in Europe, encouraging investment in the EU and more specifically France. A Reuters dispatch to The Globe reports that European digital chief Henna Virkkunen also committed to simplifying rules for businesses. In response to the U.S. cutting AI rules under President Donald Trump, the EU faces pressure to adopt a more lenient approach to remain competitive in the tech sector. Mr. Macron said: "We will simplify. It's very clear we have to resynchronize with the rest of the world." European lawmakers last year approved the bloc's AI Act, the world's first set of rules governing the technology. Meanwhile, France hopes that world leaders at the summit will agree to a joint, non-binding text that says the AI revolution should be inclusive and sustainable. It was unclear, however, whether the United States would be supportive. Vice-President JD Vance could spell out the United States' views when he gives a speech at the summit on Tuesday. Mr. Macron announced private sector investments in AI in France totalling about $161-billion (U.S.).