“The EU AI Act, which I have ranted about before this job, during this job, maybe after this job … it’s not really conducive to an entrepreneur who wants to build basic technology,” he said.

One example, Krishnan said, was Peter Steinberger, the Austrian coder behind the personal AI assistant platform OpenClaw who is moving to the U.S. to join OpenAI.

Krishnan was much more positive about India’s regulatory approach, which he praised as “pro-innovation.”

World leaders, including EU tech chief Henna Virkkunen and French President Emmanuel Macron, will gather on Thursday in New Delhi. A draft of the declaration of the summit, seen by POLITICO, didn’t include the word safety.

Ever since the first AI Summit in the United Kingdom in 2023, the series of annual summits has gradually shifted from discussions on AI governance to business and investment deals between the industry and governments.