IBL News | New York
U.S. Vice President JD Vance delivered a keynote speech at the Paris AI Summit on Tuesday, warning global leaders and tech industry executives that “excessive regulation will cripple the rapidly growing AI industry.”
The speech was a rebuke to European efforts to set strict regulations against AI’s risks and underscored a widening rift over the future of the technology.
JD Vance defended the U.S. hands-off approach to fuel innovation relying on the private industry, a model opposed to European strict regulations to ensure safety and accountability and China’s expansion through state-backed AI giants.
Vance framed AI as an economic turning point. He highlighted that “at this moment, we face the extraordinary prospect of a new industrial revolution, one on par with the invention of the steam engine.”
The U.S. was noticeably absent from an international document signed by more than 60 nations, including Europe and China, making the Trump administration an outlier in a global pledge to promote responsible AI development. The United Kingdom also declined to sign the pledge.
The document pledged to “promote AI accessibility to reduce digital divides” and “ensure AI is open, inclusive, transparent, ethical, safe, secure, and trustworthy.” It also called for “making AI sustainable for people and the planet” and protecting “human rights, gender equality, linguistic diversity, consumer rights, and intellectual property.”
