France and the European Union have pledged to reduce regulatory burdens on tech companies to foster innovation and maintain competitiveness in the global technology sector. The announcement was made on the first day of the Artificial Intelligence Action Summit held in Paris on February 10-11, 2025. French President Emmanuel Macron addressed attendees at the Grand Palais, stressing the importance of creating a favorable environment for tech innovation.
He stated that easing regulations would allow European companies to thrive and better compete with their American and Asian counterparts. “Regulation is necessary, but it must not stifle innovation,” Macron said.
France cuts tech regulations for innovation
“We are committed to creating a framework that allows for growth while ensuring the safety and ethical standards necessary for AI development.”
The summit brought together policymakers, industry leaders, and AI experts from across Europe to discuss the future of AI and its role in various sectors, from healthcare to finance. Attendees noted the increasing need to integrate AI responsibly but efficiently to keep pace with rapid advancements in technology. The decision to cut red tape comes amid growing calls from tech companies for more lenient policies that do not hinder innovation.
Many firms have argued that current regulatory frameworks are too restrictive and prevent the rapid deployment of new technologies. Industry stakeholders at the summit applauded the move, expressing optimism that a more flexible regulatory environment would spur investment and development within the European tech landscape.
