Bangladesh, Feb. 13 -- The European Unions recalibration of its approach to artificial intelligence (AI) at the recent Paris Artificial Intelligence Action Summit underscores a shift in the blocs priorities. Faced with mounting geopolitical and economic pressures, the EU appears to be stepping away from its stringent regulatory posture in a bid to remain competitive in the rapidly evolving AI landscape. But at what cost? The summit, despite its grandiose ambitions, once again highlighted the deep fissures within the global AI ecosystem, particularly between the US, UK, EU, China, and India.

Two years after OpenAIs ChatGPT revolutionized public discourse around AI, the technology continues to be at the heart of both immense optimism and d...