U.S. 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.
ByUnited States Vice-President JD Vance addresses the audience at the Grand Palais during the Artificial Intelligence Action Summit in Paris, Tuesday, Feb. 11, 2025.
In a surprise, China — long criticized for its human rights record — signed the declaration, leaving the U.S. as the outlier.At the summit, Vance made his first major policy speech since becoming vice president last month, framing AI as an economic turning point but cautioning that “at this moment, we face the extraordinary prospect of a new industrial revolution, one on par with the invention of the steam engine.
European Commission President Ursula von der Leyen stressed that, “AI needs the confidence of the people and has to be safe″ and detailed EU guidelines intended to standardize the bloc’s AI Act but acknowledged concerns over regulatory burden. “We want a fair and open access to these innovations for the whole planet,” he said in his closing speech, arguing that the AI sector “needs rules” on a global scale to build public trust and urging greater “international governance.”
“I think one day we will have to find ways to control AI or else we will lose control of everything,” said Admiral Pierre Vandier, NATO’s commander who oversees the alliance’s modernization efforts.
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