The United States and the United Kingdom have refused to sign an international agreement on artificial intelligence (AI) development at a summit in Paris, citing concerns over regulation.
Hosted by France on February 10 and 11, the AI Action Summit brought together leaders from over 100 countries, including policymakers, researchers, and international organizations.
Sixty nations signed a joint statement outlining key priorities: improving AI accessibility, ensuring ethical and safe development, preventing monopolies, protecting workers, reducing environmental harm, and strengthening global cooperation.
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The agreement also proposed launching a public-interest AI platform, an incubator for development, and research centers to study AI’s impact on jobs and workplaces.
According to a report on February 11 from Reuters, the US took a strong stance against broad regulations, warning that excessive oversight could slow AI progress.
US Vice President JD Vance criticized heavy AI regulation, arguing that restricting development now “would mean paralyzing one of the most promising technologies we have seen in generations”. He also stated:
We believe that excessive regulation of the AI sector could kill a transformative industry just as it is taking off.
Additionally, Vance rejected AI content moderation requirements, calling them a form of “authoritarian censorship”.
While the UK did not take as strong a stance as the US, it also opted out of the agreement, choosing to follow its own AI strategy rather than commit to international rules. The UK government expressed concerns about certain elements of the agreement, noting that its approach differed from the one presented at its own AI safety summit in 2023.
Recently, UK Prime Minister Keir Starmer announced a plan to integrate AI nationwide. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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