The China Mail - JD Vance puts Europe, China on notice at AI summit

USD -
AED 3.673028
AFN 70.514885
ALL 85.866306
AMD 383.76049
ANG 1.789623
AOA 916.000191
ARS 1182.249591
AUD 1.529333
AWG 1.8025
AZN 1.70406
BAM 1.688822
BBD 2.018142
BDT 122.249135
BGN 1.68887
BHD 0.377196
BIF 2942
BMD 1
BND 1.27971
BOB 6.921831
BRL 5.506225
BSD 0.999486
BTN 85.958163
BWP 13.345422
BYN 3.271062
BYR 19600
BZD 2.007728
CAD 1.35586
CDF 2877.000286
CHF 0.812235
CLF 0.024416
CLP 936.95964
CNY 7.181595
CNH 7.181725
COP 4113.87
CRC 503.844676
CUC 1
CUP 26.5
CVE 95.875
CZK 21.431009
DJF 177.720157
DKK 6.44187
DOP 59.360893
DZD 129.793007
EGP 50.255016
ERN 15
ETB 134.398376
EUR 0.86373
FJD 2.238696
FKP 0.736284
GBP 0.735545
GEL 2.740238
GGP 0.736284
GHS 10.303098
GIP 0.736284
GMD 70.493572
GNF 8654.999632
GTQ 7.681581
GYD 209.114263
HKD 7.849825
HNL 26.106691
HRK 6.507497
HTG 130.801014
HUF 347.486987
IDR 16279.05
ILS 3.498955
IMP 0.736284
INR 85.99555
IQD 1310
IRR 42100.000278
ISK 124.449898
JEP 0.736284
JMD 159.534737
JOD 0.708971
JPY 144.396497
KES 129.499647
KGS 87.449711
KHR 4025.000116
KMF 426.49891
KPW 900
KRW 1358.344971
KWD 0.30596
KYD 0.832934
KZT 512.565895
LAK 21665.000453
LBP 89600.000143
LKR 300.951131
LRD 199.601923
LSL 17.939754
LTL 2.95274
LVL 0.604891
LYD 5.445049
MAD 9.119498
MDL 17.092157
MGA 4455.00004
MKD 53.146147
MMK 2099.907788
MNT 3581.247911
MOP 8.081774
MRU 39.620401
MUR 45.379478
MVR 15.404966
MWK 1736.000108
MXN 18.91433
MYR 4.246007
MZN 63.950343
NAD 17.939576
NGN 1541.909956
NIO 36.295699
NOK 9.89988
NPR 137.533407
NZD 1.646985
OMR 0.384503
PAB 0.999503
PEN 3.618529
PGK 4.138002
PHP 56.386499
PKR 282.949801
PLN 3.69105
PYG 7973.439139
QAR 3.640602
RON 4.3379
RSD 101.254962
RUB 78.626024
RWF 1425
SAR 3.751863
SBD 8.347391
SCR 14.217342
SDG 600.507518
SEK 9.46597
SGD 1.27964
SHP 0.785843
SLE 22.04976
SLL 20969.503664
SOS 571.512179
SRD 38.740954
STD 20697.981008
SVC 8.745774
SYP 13001.9038
SZL 17.940603
THB 32.423034
TJS 10.125468
TMT 3.5
TND 2.923969
TOP 2.342103
TRY 39.362445
TTD 6.785398
TWD 29.432989
TZS 2579.43203
UAH 41.557366
UGX 3603.362447
UYU 40.870605
UZS 12787.50116
VES 102.167041
VND 26061.5
VUV 119.102474
WST 2.619188
XAF 566.420137
XAG 0.027522
XAU 0.000295
XCD 2.70255
XDR 0.70726
XOF 567.496125
XPF 103.924995
YER 243.349761
ZAR 17.804655
ZMK 9001.2023
ZMW 24.238499
ZWL 321.999592
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

JD Vance puts Europe, China on notice at AI summit
JD Vance puts Europe, China on notice at AI summit / Photo: © AFP

JD Vance puts Europe, China on notice at AI summit

US Vice President JD Vance on Tuesday warned European allies against over-regulating the US-dominated artificial intelligence sector and China against using the technology to tighten its grip on citizens and allies.

Text size:

Speaking at a global AI summit aimed at finding common ground on the emergence of a technology set to shake up global business and society, Vance struck a more confrontational tone than other leaders in the room.

"Excessive regulation... could kill a transformative sector just as it's taking off," Vance told global leaders and tech industry chiefs in the opulent surroundings of the French capital's Grand Palais.

"We need international regulatory regimes that fosters the creation of AI technology rather than strangles it," he added, calling on Europe to show "optimism rather than trepidation".

India's Prime Minister Narendra Modi, co-hosting with French President Emmanuel Macron, had minutes earlier called for "collective, global efforts to establish governance and standards that uphold our shared values, address risks and build trust".

Future AI would need to be "free from biases" and "address concerns related to cybersecurity, disinformation and deepfakes" to benefit all, he added.

Vance, by contrast, said it was not up to national capitals to "prevent a grown man or woman from accessing an opinion that the government thinks is misinformation".

The US vice president also took a thinly veiled shot at China, saying "authoritarian regimes" were looking to use AI for increased control of citizens at home and abroad.

"Partnering with them means chaining your nation to an authoritarian master that seeks to infiltrate, dig in and seize your information infrastructure," Vance said.

Chinese startup DeepSeek rattled the AI sector last month by unveiling a sophisticated chatbot that it claims was developed on a relatively low budget. A growing number of countries have taken steps to block the app from government devices over security concerns.

Vance also pointed to "cheap tech... heavily subsidised and exported by authoritarian regimes", referring to surveillance cameras and 5G mobile internet equipment widely sold abroad by China.

- Hundreds of billions lined up -

President Donald Trump's deputy left the venue immediately after his speech as other speakers including European Commission chief Ursula von der Leyen and Google boss Sundar Pichai took the stage.

Von der Leyen said Brussels would push to mobilise 200 billion euros ($206 billion) for AI investments in Europe, with 50 billion euros to come from the EU's budget and the rest from "providers, investors and industry".

Following Macron's trumpeting Monday of 109 billion euros of investment into French AI projects and the $500-billion US "Stargate" programme led by developer OpenAI, the vast figure underscored the resources needed to compete on catching the next technological wave.

Overnight, the Wall Street Journal had reported a near-$100 billion bid to buy ChatGPT maker OpenAI from a consortium headed by Elon Musk.

If successful, the deal would compound the tech influence of the world's richest man, already boss of X, Tesla, SpaceX and his own AI developer xAI as well as a Trump confidant.

Sam Altman, the OpenAI chief set to speak in Paris later Tuesday, responded to the reported offer with a dry "no thank you" on X.

Vance did not comment directly on the prospective deal.

But while he said the Trump administration would "ensure that American AI technology continues to be the gold standard worldwide", he also took aim at heavyweight tech "incumbents" who he said pushed for regulation that could strangle emerging challengers.

Rather than only benefiting big players, "we believe, and we will fight for policies that ensure, that AI is going to make our workers more productive", Vance said.

"We expect that they will reap the rewards with higher wages, better benefits, and safer and more prosperous communities," he added.

For now, AI is mostly replacing humans in clerical jobs disproportionately held by women, International Labour Organization head Gilbert Houngbo said on Monday.

That risks widening the gender pay gap even though more jobs are being created than destroyed by AI on current evidence, he added.

- 'Existential risk' -

Suspense remained as the AI summit drew to a close Tuesday on the language and signatories of a final statement.

Media reports suggest that neither Britain nor the United States -- two leading countries for AI development -- will sign a planned joint declaration as it stands.

Outside observers criticised an alleged leaked draft of the joint statement for failing to mention AI's suspected threat to humanity's future as a species.

The supposed draft "fails to even mention these risks" said Max Tegmark, head of the US-based Future of Life Institute, which has warned of AI's "existential risk".

L.Kwan--ThChM