US Vice President JD Vance on Tuesday criticised Europe for over-regulating the rapid development of AI and called on the continent to stop trying to rein in big tech, further heightening diplomatic tension between the US and Europe.
Speaking at an AI summit in Paris in his first major overseas trip since his nomination, Mr Vance said the Trump administration was “troubled by the fact that some foreign countries are considering tightening the screws on US tech companies with international footprints”.
Mr Vance, who did not name the countries he was referring to, said that this was “a terrible mistake, not just for the United States of America, but for your own countries”.
Social media platform X, owned by US President Donald Trump's adviser Elon Musk, has been at the heart of a controversy between the US and Europe, where politicians have accused X of pushing far-right views and distorting its algorithms. An investigation was recently launched against X in France.
The European Commission has also sought to curb disinformation and illegal content on social media with its EU's digital services act. This has forced some US companies to block EU users, Mr Vance said. “Is this really the future that we want? Ladies and gentlemen, I think the answer for all of us should be no,” Mr Vance said.
The US and Britain did not sign up to the leaders' declaration at the climax of the summit on "Inclusive and Sustainable Artificial Intelligence". A UK government spokesperson cited "national interest" for Britain not signing. China, France, Germany and India were among 61 signatories who agreed it is a priority that "AI is open, inclusive, transparent, ethical, safe, secure and trustworthy" under "international frameworks".
A dozen world leaders attended the two-day summit, shortly after the first measures of the EU AI act came into effect. It bans the use of high-risk uses of AI such as building facial recognition databases developed by scraping images online or through security footage or emotion recognition systems used at the workplace.
“We believe that excessive regulation of the AI sector could kill a transformative industry just as it's taking off,” Mr Vance said. “I would like to see that deregulatory flavour making its way into a lot of the conversations into a lot of conversations.”
On Monday, French President Emmanuel Macron told the summit Europe would cut back on regulation to make it easier for AI to flourish in the region, urging investment in the EU - and more specifically in France. "We will simplify," Mr Macron said. "It's very clear we have to resynchronise with the rest of the world."
In a pitch to big US firms Mr Macron said France would "work together" with others "whatever the geopolitics will be". He added that France's energy grid and large amounts of nuclear energy meant it was more sustainable and had enough capacity to house large new data centres needed to prop up the notoriously power-hungry technology.
He said: "It's very important, in this world, where I have a friend on the other side of the ocean who says 'drill, baby, drill' - here there is no need to drill.
"It's just 'plug, baby, plug'. Electricity is available. You can plug. It's ready."
In her speech on Tuesday, EU Commission President Ursula von der Leyen highlighted the AI Act was important in providing safety for the EU's 450 million citizens. “Safety is in the interest of business. At the same time, I know, we have to make it easier, we have to cut red tape. And we will,” Ms von der Leyen said.
Ms von der Leyen also pushed back against Mr Trump's announcement of a 25 per cent increase on steel and aluminium import. “Tariffs are taxes – bad for business, worse for consumers. Unjustified tariffs on the EU will not go unanswered – they will trigger firm and proportionate countermeasures,” Ms von der Leyen said.
“The EU stands united in defending the interests of its businesses, workers and citizens,” echoed European Council President Antonio Costa on X.
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
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Three-and-a-half stars
Ms Yang's top tips for parents new to the UAE
- Join parent networks
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How The Debt Panel's advice helped readers in 2019
December 11: 'My husband died, so what happens to the Dh240,000 he owes in the UAE?'
JL, a housewife from India, wrote to us about her husband, who died earlier this month. He left behind an outstanding loan of Dh240,000 and she was hoping to pay it off with an insurance policy he had taken out. She also wanted to recover some of her husband’s end-of-service liabilities to help support her and her son.
“I have no words to thank you for helping me out,” she wrote to The Debt Panel after receiving the panellists' comments. “The advice has given me an idea of the present status of the loan and how to take it up further. I will draft a letter and send it to the email ID on the bank’s website along with the death certificate. I hope and pray to find a way out of this.”
November 26: ‘I owe Dh100,000 because my employer has not paid me for a year’
SL, a financial services employee from India, left the UAE in June after quitting his job because his employer had not paid him since November 2018. He owes Dh103,800 on four debts and was told by the panellists he may be able to use the insolvency law to solve his issue.
SL thanked the panellists for their efforts. "Indeed, I have some clarity on the consequence of the case and the next steps to take regarding my situation," he says. "Hopefully, I will be able to provide a positive testimony soon."
October 15: 'I lost my job and left the UAE owing Dh71,000. Can I return?'
MS, an energy sector employee from South Africa, left the UAE in August after losing his Dh12,000 job. He was struggling to meet the repayments while securing a new position in the UAE and feared he would be detained if he returned. He has now secured a new job and will return to the Emirates this month.
“The insolvency law is indeed a relief to hear,” he says. "I will not apply for insolvency at this stage. I have been able to pay something towards my loan and credit card. As it stands, I only have a one-month deficit, which I will be able to recover by the end of December."
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Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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