Worldwide Transformation Unleashed: an Unstoppable Evolution Beyond Geographical Barriers, Powered by Artificial Intelligence

The Paris AI Action Summit, held from February 10, 2025, marked a significant gathering of minds in the realm of artificial intelligence (AI) and finance. The event, which took place over several days, hosted a discussion on the impact of AI on finance on February 5.

The summit brought together political figures, industry leaders, and researchers, fostering a vibrant exchange of ideas. The discussion aimed to create a dialogue between startups, financial institutions, and AI experts, with the goal of promoting dialogue and collaboration in this rapidly evolving field.

Louis Chatriot, Co-founder & CEO of Alma, emphasized the importance of feature engineering and non-linear models in refining risk assessment and improving decision-making in credit and financing. His insights underscored the critical role these techniques play in the development of AI models that can drive innovation in the financial industry.

The AI revolution is not solely dominated by the US. Europe, China, and the Middle East are contributing significantly to AI innovation, as demonstrated by the diverse participation at the Paris AI Action Summit. Companies and persons who participated in the discussion included EU Vice-President Henna Virkkunen, Samsung executive Young Sohn, Alexandra Brintrup (University of Cambridge), and many others.

The summit showcased a wide range of expertise and discussed both the opportunities and challenges that AI represents for the financial industry. For instance, Augustin Prate, CPO at Kayrros, discussed the advances in alternative data structuring and analysis using AI. Meanwhile, Renaud Dumora (BNP Paribas) and Charles-Albert Lehalle (Polytechnique) delved into the future of AI in banking and its integration within the fintech ecosystem.

Data annotation plays an essential role in the design of high-performing, reliable AI models. This was a recurring theme throughout the summit, highlighting the need for the integration of startups and pioneering innovators to accelerate the transformation of existing models in the financial industry. The Paris AI Action Summit reinforced the belief that gatherings focused on AI and finance should be pursued and amplified.

France is currently investing €109B for the development of AI. This commitment to technological advancement was evident in the innovative ideas and solutions presented at the summit. One such new player in the AI industry in France is DeepSeek.

In conclusion, the Paris AI Action Summit contributed to promoting dialogue between startups, industry experts, and institutions, deepening our understanding of how AI is impacting the world of finance. As the AI revolution continues to unfold, such gatherings will undoubtedly play a crucial role in shaping the future of the financial industry.

Worldwide Transformation Unleashed: an Unstoppable Evolution Beyond Geographical Barriers, Powered by Artificial Intelligence