US Vice President JD Vance on Tuesday warned global leaders and tech industry executives that “excessive regulation” could cripple the rapidly growing artificial intelligence industry in a rebuke to European efforts to curb AI’s risks.
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00:00U.S. Vice President J.D. Vance warned against what he called excessive regulation of A.I.
00:07at the A.I. Action Summit in Paris on Tuesday.
00:11Vance's address challenged Europe's regulatory approach to artificial intelligence and its
00:15moderation of content on big tech platforms, saying it would cripple the fast-growing industry.
00:23We invite your countries to work with us and to follow that model if it makes sense for
00:27your nations. However, the Trump administration is troubled by reports that some foreign governments
00:35are considering tightening the screws on U.S. tech companies with international footprints.
00:40Now, America cannot and will not accept that, and we think it's a terrible mistake, not
00:46just for the United States of America, but for your own countries.
00:50European Commission President Ursula von der Leyen announced that Europe will mobilize
00:54200 billion euros for investment in artificial intelligence. She stressed that A.I. is a
01:00force for good as long as its benefits are widespread and accessible to all.
01:05The summit underscores a three-way race for A.I. supremacy, Europe striving to regulate
01:10and invest, China expanding access through state-backed tech giants and the U.S. under
01:15Trump prioritizing a hands-off approach.