At the Andreessen Horowitz American Dynamism Summit, Vice President JD Vance discussed the Trump administration's role in fostering AI and tech innovations. He urged that these advancements should benefit both populists and tech investors. Vance acknowledged concerns about job displacement but pointed to history showing that innovation creates higher-paying jobs. He criticized past government failures and advocated for a less regulated tech environment, cautioning against offshoring driven by cheap labor, which he believes stifles innovation and domestic investment.
I think there's too much fear that AI will simply replace jobs rather than augmenting so many of the things that we do now.
What I propose is that each group... have been failed by this government, not just the government of the last administration, but the government in some ways, of the last 40 years.
Cheap labor is fundamentally a crutch, and it's a crutch that inhibits innovation.
By not imposing significant regulations on AI, the Trump administration promises to give the tech sector the freedom to innovate.
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