PARIS >> U.S. Vice President JD Vance on Tuesday warned global leaders and tech industry executives that “excessive regulation” could cripple the rapidly growing artificial intelligence industry in a rebuke to European efforts to curb AI’s risks.

The speech underscored a widening, three-way rift over the future of the technology.

The United States, under President Donald Trump, champions a hands-off approach to fuel innovation, while Europe is tightening the reins with strict regulations to ensure safety and accountability. Meanwhile, China is rapidly expanding AI through state-backed tech giants, vying for dominance in the global race.

The U.S. was noticeably absent from an international document signed by more than 60 nations, including China, making the Trump Administration the glaring outlier in a global pledge to promote responsible AI development.

At the summit, Vance made his first major policy speech since becoming vice president last month, framing AI as an economic turning point but cautioning that “at this moment, we face the extraordinary prospect of a new industrial revolution, one on par with the invention of the steam engine.”

“But it will never come to pass if overregulation deters innovators from taking the risks necessary to advance the ball,” Vance added.

The 40-year-old vice president, leveraging the AI summit and a security conference in Munich later this week, is seeking to project Trump’s forceful new style of diplomacy.

The Trump administration will “ensure that AI systems developed in America are free from ideological bias,” Vance said and pledged the U.S. would “never restrict our citizens’ right to free speech.”

The international document, signed by scores of countries, including European nations, pledged to “promote AI accessibility to reduce digital divides” and “ensure AI is open, inclusive, transparent, ethical, safe, secure, and trustworthy.” It also called for “making AI sustainable for people and the planet” and protecting “human rights, gender equality, linguistic diversity, consumer rights, and intellectual property.”