India, Feb. 20 -- Artificial intelligence will profoundly transform the global economy and world equilibrium in the coming years, but excessive leverage must be banned for stability, Mistral AI CEO and Co-founder Arthur Mensch said on Thursday.

"AI is going to change pretty profoundly the way economy is being run in next few years...The equilibrium in the world. And in order for the equilibrium to remain sustainable and stable, we need to have to ban excessive leverage, and India is a leader in betting on self-reliance, which is absolutely critical for a country of this size," he said.

Mensch highlighted India's "extremely large" opportunity in artificial intelligence, driven by its vast talent pool, cultural diversity, ambition, and ma...