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Speaker 1: France. Catherer Field morning to you. Good morning mate, there's

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Speaker 1: a Macron announcement of one hundred and nine billion euros

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Speaker 1: for AI investment. Who's one hundred and nine billion? Is

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Speaker 1: he's spending there or is that all in the on

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Speaker 1: the neber Never.

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Speaker 2: Well, he says that various investment funds from the Gulf States, Canada, America,

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Speaker 2: quite a lot of French investment is going into that.

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Speaker 2: He's really all in on AI, Mike. Just essentially today

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Speaker 2: Monday here in France, and on Tuesday he's got this

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Speaker 2: big summit going on in Paris where we're seeing a

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Speaker 2: lot of the world leaders turn up there as well

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Speaker 2: as a open AI Boss Google Boss is there. What

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Speaker 2: he's saying, Mike, is that the technology is there, the

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Speaker 2: advanced technology is there, the NOHOW is there, and France

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Speaker 2: can really go at it now that in terms of innovation,

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Speaker 2: the companies have got what they need. And of course

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Speaker 2: the big change in all this that everyone's been looking

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Speaker 2: at has been the announcement that Deep Seek the Chinese

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Speaker 2: ability to develop AI showed that they could deal with

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Speaker 2: fewer resources. That was a real turning point the French

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Speaker 2: thing because it showed that AI could be developed much cheaper.

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Speaker 2: Research and developing costs much much cheaper, and it suddenly

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Speaker 2: became a highly competitive market. So that's what Macron is

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Speaker 2: hoping for. He says that the innovation is there, it

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Speaker 2: can be done, but you do, of course need to

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Speaker 2: have and this is where it all gets a bit

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Speaker 2: stick you might as well as what it will cost,

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Speaker 2: and the manpower that needs to be trained is governance.

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Speaker 2: And what he's relying on there is the fact that

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Speaker 2: the European Union later this year will come into effect

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Speaker 2: their binding rules on AI, and that really is sort

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Speaker 2: of quite firm on the specific uses of AI. The

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Speaker 2: higher risks such as manipulation, deception that won't be allowed,

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Speaker 2: that will be shut down, and of course other things

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Speaker 2: like disclosure obligations. People have to be told if they're

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Speaker 2: going to be talking to a chatpot, those sorts of things.

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Speaker 2: So also, you know, as well as the innovation, looking

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Speaker 2: at the ethical side of it, the conformity, and hoping

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Speaker 2: that more people will come forward with money, and of

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Speaker 2: course there's two hundred billion New Zealand dollars worth. It

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Speaker 2: looks a lot, but when you look at, say, for example,

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Speaker 2: what the Americans are putting into AI. Yeah, it's not there.

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Speaker 2: But of course this has upset the Americans, particularly Jdie Vance,

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Speaker 2: who's turning up here at anytime now. He said that

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Speaker 2: the Americans are really very angry about what he calls

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Speaker 2: censorship of American platforms in Europe.

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Speaker 1: Okay, let me come back to that, JD in just

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Speaker 1: a couple of moments. Because AI is taken tech as

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Speaker 1: X and X has got trouble. Is this a big

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Speaker 1: deal with probe and France Iberix.

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Speaker 2: It is a big deal, mostly because cybercrime has really

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Speaker 2: been treated here in France pretty much the same as

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Speaker 2: computer hacking. They regarded as if you've got a social

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Speaker 2: media platform, you have got a responsibility, so you cannot

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Speaker 2: do things like algorithm, you cannot have interference from management.

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Speaker 2: And so we've got this case that's just been put

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Speaker 2: forward by the Saber Crime Prosecutor's office saying that X

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Speaker 2: has been favoring propaganda and it's own messaging over real news.

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Speaker 2: So they're saying that's actually not right, it is biased news.

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Speaker 2: They also say that there's allegations that's hateful, racist content

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Speaker 2: that's aimed at not just hurting people but also skewing

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Speaker 2: the democratic debate, So that's got a lot of interest

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Speaker 2: here as well as last week in Germany at German

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Speaker 2: court ordered X to hand over all of the data

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Speaker 2: it had collected on politically related content. Again, we're looking

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Speaker 2: at engagement data, so trying to make X as responsible

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Speaker 2: as it can in what is becoming a very difficult

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Speaker 2: democratic debate here in Europe.

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Speaker 1: Just back to JD is does he know do you reckon?

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Speaker 1: He knows what Donald's thinking about tariffs? Or he just

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Speaker 1: sort of comes in and sees a whole lot of

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Speaker 1: random stuff. And how worried about tariffs in general are you?

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Speaker 1: And is our terriffs even being talked about with JD?

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Speaker 2: Well, it's going to be a very interesting getting to

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Speaker 2: know you, isn't it. Mate. This is the first time

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Speaker 2: that they're going to actually get to see him in

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Speaker 2: the flash talk to him. No one's quite sure what

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Speaker 2: to expect, especially when it comes to these tariffs. What's

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Speaker 2: he going to talk about? Also, don't get Later on

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Speaker 2: this week he's going to be at the Munich Security

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Speaker 2: conference where he's supposed to be meeting Selensky, So no

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Speaker 2: one knows. We've been hearing all this stuff, and of

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Speaker 2: course the big question will be even if what he says,

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Speaker 2: you know, finds the residence here, is that really what

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Speaker 2: Donald Trump is thinking? And will that still be the case?

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Speaker 2: Twelve hours later?

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Speaker 1: Yeah, I was just watching him. Riah, finally enough. I

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Speaker 1: know he's brought his whole family, including three kids. So

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Speaker 1: at least they sent him off to Disneyland. I guess I.

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Speaker 2: Suppose they can go to Disneyland. It's raining, it's really

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Speaker 2: grotty February weather, so they might not enjoy it.

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Speaker 1: Then, all right, Nice to see Katherine Casperfield in France.

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Speaker 1: By the way, just before we leave Europe, I'm reading

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Speaker 1: headline house Spain's economy became the envy of Europe. And

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Speaker 1: you know how they did it? Gosh, they did it

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Speaker 1: with tourism. They are at rivaling France for the ninety

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Speaker 1: four million people went to Spain last year. I mean

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Speaker 1: a few of them got squirted with water guns. But

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Speaker 1: big that as it may, It seriously affected the economy.

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Speaker 1: France does about one hundred million industries. Tourism industry's post

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Speaker 1: COVID expansion major reason why the Eurozone's fourth biggest economy

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Speaker 1: is easily outgrowing Germany, France, Italy, The United Kingdom their

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Speaker 1: GDP last year growth growth growth member growth three point

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Speaker 1: two percent, and they did it with tourism. There's an

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Speaker 1: idea for more from the mic Asking Breakfast.

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