Are regulations holding back AI? JD Vance thinks so.
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 11 February 2025
⏱️ 6 minutes
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Summary
From the BBC World Service: At an ongoing summit in Paris, U.S. Vice President JD Vance gave a speech to world leaders and tech bosses, criticizing what he views as overly-stringent European tech regulation. Plus, can leaders there agree to a declaration of goals regarding AI? And later, some co-operative farmers in Ireland are on the verge of an incredible windfall after selling shares in the Kerry Group.
Transcript
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| 0:00.0 | Code regulations hold AI back. Well, J.D. Vance thinks so. Life in the UK. This is the Marketplace Morning Report from the BBC World Service. I'm Leanna Byrne. Good morning. |
| 0:12.9 | Let's start the program in Paris, where world leaders and tech bosses right now are in the middle of a major summit on the future of artificial intelligence. |
| 0:22.2 | Just an hour ago, the US Vice President J.D. Vance took the stage and hit out at what he |
| 0:27.6 | described as over-regulation in the tech sector. He specifically took aim at European rules, |
| 0:33.8 | affecting the biggest tech companies. He says, too many restrictions could stifle AI's potential |
| 0:39.8 | to fuel another industrial revolution. And the Trump administration believes that AI will have |
| 0:45.4 | countless revolutionary applications in economic innovation, job creation, national security, |
| 0:51.7 | health care, free expression and beyond. |
| 1:00.0 | And to restrict its development now will not only unfairly benefit incumbents in the space, |
| 1:06.2 | it would mean paralyzing one of the most promising technologies we have seen in generations. |
| 1:14.1 | Vice President J.D. Vance there. Shortly before he took the stage, I spoke to the BBC's Mark Sislak about the purpose of the summit. |
| 1:21.2 | Today is Leaders Day. Yesterday we had a lot of people from the tech industry. Today we're getting world leaders arriving. |
| 1:28.5 | The big thing on the agenda is likely to be the declaration. Summ events like this often have a declaration. |
| 1:31.8 | At the end of it, it's a document which has agreements, |
| 1:35.2 | goals that everybody that signs up to it will have to achieve, |
| 1:38.1 | whether that's companies or countries, things of that nature. |
| 1:45.4 | There is quite a bit of debate about which countries will sign up to the declaration. |
| 1:49.8 | It seems that competition is at the forefront of almost everybody's minds here, |
| 1:54.0 | which is weird considering that one of the themes of this summit is actually cooperation. |
| 1:58.7 | There is a race, it seems, to become the next global AI superpower. |
| 2:04.8 | So I was talking to some very senior American tech executives, and they see this along ideological lines, as well as sort of technological and commercial lines. They see this as a |
| 2:10.7 | race between, as they put it, democratic notions and authoritarian notions. Mark, do we know |
... |
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