In Paris, a coalition of nations signed a declaration promoting accountable AI development that prioritizes inclusivity and sustainability. However, notable absentees were the US and UK, with Vice President JD Vance expressing concerns over stringent regulations potentially stifling innovation. He emphasized the importance of maintaining a free and unbiased AI sector, contrasting US priorities with those of nations like China, which backed the agreement. Vance's alarm over certain European regulations highlights an ongoing tension regarding data privacy and compliance costs for smaller enterprises.
We believe that excessive regulation of the AI sector could kill a transformative industry... American AI will not be co-opted into a tool for authoritarian censorship.
The US declined to sign the AI declaration, claiming that it would impose unacceptable compliance costs for smaller companies.
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