The fascination with which governments, entrepreneurs and thought leaders have greeted the rise of artificial intelligence was on show this week as not one, but two high-profile international gatherings focused on this transformational technology. Few attendees at the World Governments Summit in Dubai or the AI Action Summit in Paris doubted AI’s potential to change societies and economies. However – as is often the case – consensus on finding the best way forward is not as definitive.

On Tuesday, US Vice President JD Vance delivered a strong rebuke of “excessive regulation” when it comes to shaping AI. Speaking at the AI Action Summit in Paris, Mr Vance said “a new industrial revolution, one on par with the invention of the steam engine” would be at risk “if overregulation deters innovators from taking the risks necessary to advance the ball”.

Meanwhile, Kristalina Georgieva – managing director of the International Monetary Fund – struck a nuanced........

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