PARIS (news agencies) — U.S. Vice President JD Vance on Tuesday warned global leaders and tech industry executives that “excessive regulation” in the artificial intelligence industry will kill the rapidly growing industry just as it’s taking off.
Vance, making his first major policy speech since becoming vice president last month, said the Trump administration will “ensure that AI systems developed in America are free from ideological bias,” and that the United States would “never restrict our citizens’ right to free speech.”
He also said the Trump administration is troubled that some foreign governments are considering “tightening the screws” on U.S. tech companies with international footprints.
“Now, at this moment, we face the extraordinary prospect of a new industrial revolution, one on par with the invention of the steam engine,″ Vance said. ’’But it will never come to pass. If overregulation deters innovators from taking the risks necessary to advance the ball.″
Vance’s address challenged Europe’s regulatory approach to artificial intelligence and its moderation of content on Big Tech platforms, underscoring divergence between the United States and its allies on AI governance.
With the global public both excited and worried about the power of AI, EU Commission President Ursula von der Leyen stressed that, “AI needs the confidence of the people and has to be safe.’’
She mentioned EU guidelines intended to standardize how the bloc’s AI Act is applied across the 27-nation bloc. “At the same time, I know that we have to make it easier and we have to cut red tape and we will,” she added.
Von der Leyen announced that the so-called “InvestAI” initiative reached a total of 200 billion euros in investments in Europe, including a new fund of 20 billion euros for AI gigafactories.
United Arab Emirates Dirham Exchange Rate
