Leaders from the tech and political sectors gathered in Paris for a two-day meeting on artificial intelligence in an effort to reach an agreement on the ground-breaking technology that is poised to transform society and business globally.

The meeting, which is being co-hosted by Indian Prime Minister Narendra Modi and French President Emmanuel Macron, intends to establish the framework for regulating the emerging industry as major powers vie for control of the rapidly evolving technology.

Around 1,500 people are expected to attend the gathering on Monday in the luxurious Grand Palais in the French capital, which will include panel discussions and lectures describing the potential and difficulties of artificial intelligence.

Political figures such as Google CEO Sundar Pichai and OpenAI CEO Sam Altman will mingle with Chinese Vice Premier Zhang Guoqing and US Vice President JD Vance.

Under the great hall's glass and steel dome, which was constructed for the 1900 Universal Exhibition, a mostly suit-wearing crowd of men and women speaking languages from around the globe assembled.

At stands arranged across the vast area, which was furnished with screens and geodesic domes, a few businesses, scholars, and nonprofit organizations showcased their AI-related projects.

The "sustainable development" of the energy- and resource-intensive technology is also on the agenda.

In recent weeks, the cost of entrance and technological difficulties for countries aiming to stay ahead of the AI race have grown more apparent.

Silicon Valley titans were taken aback by the low-cost, high-performing AI models developed by a Chinese business called DeepSeek.

In the US, President Donald Trump gave the "Stargate" initiative, which aims to construct data centers and other computer infrastructure, the prestige of his office.

Aside from the financial spectacle, a consortium of nations, businesses, and charitable organizations announced on Sunday that they would invest $400 million in a collaboration dubbed "Current AI" that would promote "public interest" methods of using the technology.

The goal of Current AI is to fund up to $2.5 billion for its objective to "develop systems to measure AI's social and environmental impact," provide open-source tools and infrastructure for programmers to build upon, and provide AI developers access to more data.

France believes that states would reach voluntary agreements to make AI ecologically friendly and sustainable.