Consider the following statements regarding AI Action Summit held in Grand Palais, Paris in February 2025: [International Relations]

I. Co-chaired with India, the event builds on the advances made at the Bletchley Park Summit held in 2023 and the Seoul Summit held in 2024.
II. Along with other countries, US and UK also signed the declaration on inclusive and sustainable AI.

Which of the statements given above is/are correct?

The correct option is I only.

Let us analyze the statements step-by-step to understand why only the first statement is correct:
1. Statement I is correct: The AI Action Summit was held in France (Paris, Grand Palais) in February 2025. This summit was co-chaired by France and Senegal, with India taking a leading role in global AI governance. The summit builds directly on the foundations established by the previous global AI safety summits: the inaugural Bletchley Park Summit in the United Kingdom (November 2023) and the Seoul Summit in South Korea (May 2024). This establishes a clear progression in international dialogue regarding AI safety, innovation, and governance.
2. Statement II is incorrect: While the summit aimed to foster global consensus on inclusive and sustainable AI, major powers like the United States and the United Kingdom did not sign the specific declaration on inclusive and sustainable AI at this summit due to differing regulatory approaches, focus areas, or national policy stances at that time. Because key nations like the US and UK abstained from signing this specific declaration, the second statement is inaccurate.

Therefore, only Statement I is correct, making "I only" the correct option.