The US Believes Overzealous AI Regulation Could Stifle Innovation
The United States believes that excessive regulation of the artificial intelligence (AI) sector could stifle a transformative industry just as it's taking off, according to US Vice President JD Vance.
Vance made these remarks at the Artificial Intelligence Action Summit in Paris, where he emphasized the potential of AI to improve people's lives. However, he also acknowledged the risks associated with the technology and the need for some level of regulation.
Vance's address followed the repeal by the Trump administration of a sweeping executive order signed by former President Joe Biden that aimed to manage AI's national security risks and prevent discrimination by AI systems.
The Trump Administration's Pro-Innovation Approach to AI
Vance emphasized the Trump administration's pro-innovation approach to AI, stating that it doesn't mean ignoring safety concerns. However, he believes the focus should be on the opportunities AI presents and unleashing American innovators to use AI for the benefit of the nation and its people.
One way the new US government plans to achieve this is by ensuring schools teach students how to manage, supervise, and interact with AI-enabled tools as they become increasingly integrated into everyday life.
Concerns About Overregulation and the European Union's Approach
Vance warned against regulation that "strangles" AI and called for more optimism about the technology, particularly from Europe. The European Union has implemented a landmark new law on AI that imposes strict regulations on certain uses of the technology.
Vance also highlighted other priorities of the Trump administration, including ensuring that the most powerful AI systems are built in the US with American-designed and manufactured chips. Additionally, the government will strive to ensure that AI systems developed in America are free from ideological bias and never restrict citizens' right to free speech.