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WSJ Tech News Briefing

TNB Tech Minute: Vance Warns U.S. Allies to Keep AI Regulation Light

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 11 February 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, the EU plans to spend about $206 billion to catch up with the U.S. and China in the AI race. And, BuzzFeed says it’s designing an AI-driven social-media platform. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price.

0:22.1

Tell Congress to guard your card because Americans lose when politicians choose. Learn more at

0:28.1

guard your card.com. Here's your T&B Tech Minute for Tuesday, February 11th. I'm Julie Chang

0:36.2

for the Wall Street Journal.

0:45.7

Vice President J.D. Vance has warned U.S. allies to keep a light-touch approach to tech regulation or risk being left out.

0:54.2

Vance addressed world leaders at an AI summit in Paris today. He said the U.S. is winning the race to build the best artificial intelligence training chips and the most advanced AI algorithms and, quote, intends to keep it that way. His remarks stood in

1:00.1

contrast to the push by other leaders at the summit to agree on a common set of principles

1:04.4

that they say will lead to safe AI systems that are energy efficient and available to the

1:09.4

developing world.

1:18.2

The European Union says it'll spend roughly $206 billion to catch up with the U.S. and China in the AI race.

1:27.1

The plan, dubbed Invest AI, will fund so-called AI gigafactories, facilities that rely on powerful chips to train the most complex AI models.

1:29.9

The commission's initial funding for InvestA.I.

1:34.1

Will come from existing EU programs, though member states can also contribute.

1:41.3

And BuzzFeed says it's designing an AI-driven social media platform as the company continues its business overhaul.

1:42.7

The digital media company says its platform will contrast

1:45.7

with algorithm-centric ones that currently exist and focus on interactive storytelling, new content

1:51.5

formats, and AI tools. Once a darling of the digital media ecosystem that disrupted more

1:56.8

legacy institutions, BuzzFeed has since shrunken size and relevance in recent years.

...

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