“We believe that excessive regulation of the AI sector could kill a transformative industry just as it’s taking off,” Vance said Tuesday in Paris at the Artificial Intelligence Action Summit.
“And I’d like to see that deregulatory flavor making a lot of the conversations this conference.”
The speech built upon a series of executive actions President Trump took shortly after his inauguration last month, including the repeal of former President Biden’s 2023 executive order that placed guardrails on AI innovation.
Trump quickly signed an executive order to roll back any policies that “act as barriers to American AI innovation" just days after taking office.
Coupled with Vance’s remarks, the Trump administration is signaling a growing disagreement with Europe over how to handle the emerging tech.
Questions have long swirled over how the U.S. should balance AI innovation and regulation.
The Trump administration has so far prioritized AI innovation in a more hands-off approach, contrasting with Europe, which has largely tightened regulations over safety and responsibility concerns.
“The Trump administration believes that AI will have countless revolutionary applications and economic innovation, job creation, national security, health care, free expression and beyond,” Vance said.
“And to restrict its development now will not only unfairly benefit incumbents in the space, it would mean paralyzing one of the most promising technologies that we have seen in generations.”
Read more in a full report at TheHill.com
