U.S. Vice President JD Vance criticized European regulatory approaches to AI during the AI Action Summit in Paris. He emphasized that 'excessive regulation' could hinder the industry’s growth, arguing that the Trump administration will resist any foreign efforts to tighten regulations on U.S. tech companies. Vance framed AI as a transformative technology comparable to the steam engine, urging innovation without over-regulation. His address highlighted the increasing divide between U.S., European, and Chinese strategies on AI development, underlining the need for a balanced approach to foster progress without compromising safety.
The Trump administration is troubled by reports that some foreign governments are considering tightening the screws on US tech companies with international footprints.
At this moment, we face the extraordinary prospect of a new industrial revolution, one on par with the invention of the steam engine.
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