Washington, Feb 12: US Vice President JD Vance warned global leaders and tech CEOs at a Paris summit on artificial intelligence on Tuesday that “excessive regulation” would kill the rapidly growing AI industry.
In his first foreign trip as vice president, Vance also 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.”
“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.
The summit has drawn world leaders, top tech executives, and policymakers to debate AI’s impact on security, economics, and governance.
A three-way race for AI dominance
The differences were openly displayed at the summit: Europe seeks to regulate and invest, China expands access through state-backed tech giants, and the US, under President Donald Trump, champions a hands-off approach.
Among the high-profile attendees is Chinese Vice Premier Zhang Guoqing, reflecting Beijing’s interest in shaping global AI standards.