US Vice President JD Vance has criticized Europe’s efforts to regulate artificial intelligence, warning that “excessive regulation” could cripple the rapidly growing industry. The comments came during a Paris summit, where Vance made his first major policy speech since becoming vice president last month.
The EU aims to standardize its AI Act through guidelines and regulations, but Vance said this approach would deter innovators from advancing the technology. In contrast, China is expanding AI through state-backed tech giants, while the US favors a hands-off approach to fuel innovation.
Vance’s remarks underscore a widening rift between the US and European allies on AI governance. European Commission President Ursula von der Leyen acknowledged concerns over regulatory burden but emphasized the need for safety and confidence in AI.
A global public-private partnership is being launched to support large-scale AI initiatives, but it remains unclear whether the US will support such efforts. The competition for AI dominance is heating up between China, Europe, and the US, with significant implications for global power shifts and economic growth.
Vance’s visit highlights the growing divide in the debate over AI regulation, with the US pushing for a free-market approach and European governments seeking to establish strict guidelines.
Source: https://www.yahoo.com/news/jd-vance-delivering-keynote-speech-092403612.html