'Gold Standard' in AI: “The Trump Administration, believes that [artificial intelligence] will have countless revolutionary applications in economic innovation, job creation, national security, healthcare, free expression, and beyond,” declared Vice President JD Vance at the Artificial Intelligence Action Summit in Paris, France.
Vice President Vance, warned that “excessive regulation of AI could kill a transformative industry just as it’s taking off.”
“The development of cutting-edge AI in the US is no accident. By preserving an open regulatory environment, we've encouraged American innovators to experiment and make unparalleled R&D [research and development] investments. Of the $700 billion estimated to be spent on AI in 2028, over half will likely be invested in the United States of America.”
“The United States of America is the leader in AI, and our administration plans to keep it that way,” asserted Vice President Vance.
“The U.S. possesses all components of the full AI stack, including advanced semiconductor design, frontier algorithms, and transformational applications.”
At the same time, America wants to partner with the rest of the world in a spirit of collaboration. “But to create that kind of trust,” cautioned Vice President Vance, “we need international regulatory regimes that foster the creation of AI technology rather than strangle it.”
“However, the Trump Administration is troubled by reports that some foreign governments are considering tightening the screws on US tech companies with international footprints,” said President Vance.
“Many of our most productive tech companies are forced to deal with the EU's Digital Services Act and the massive regulations it created about taking down content and policing so-called misinformation.”
“At this moment, we face the extraordinary prospect of a new industrial revolution,” declared Vice President Vance. “But it will never come to pass if overregulation deters innovators from taking the risks necessary to advance the ball.”
Some authoritarian regimes have stolen and used AI to strengthen their military intelligence and surveillance capabilities, capture personal data, and create propaganda to undermine other nations' national security.
“I want to be clear,” said Vice President Vance, the Trump administration “will block such efforts, full stop. We will safeguard American AI and chip technologies from theft and misuse, work with our allies and partners to strengthen and extend these protections and close pathways to adversaries attaining AI capabilities that threaten all of our people.” VOA/SP