“We shouldn’t be afraid of artificial intelligence,” Vance said at the summit, which was hosted by venture capital firm Andreessen Horowitz. “In a healthy economy, technology should be something that enhances rather than supplants the value of labor, and I think there's too much fear that AI will simply replace jobs, rather than augmenting so many of the things that we do now.”
Vance drew parallels to historic upsets of technological innovation across various industries to alleviate fears of mass worker displacement, likening the advent of AI to moments like the invention of the ATM and its net positive impact on bank tellers.
He stressed the importance of “leaning into the AI future with optimism and hope” alongside the need for enhanced industrialization and innovation to protect the U.S. workforce from economic shocks, such as having to outsource these technologies from rival nations.
“Deindustrialization poses risks both to our national security and our workforce,” he said. “It's important because it affects both, and the net result is dispossession for many in this country of any part of the productive process. And when our factories disappear and the jobs in those factories go overseas, American workers are faced not only with financial insecurity. They're also faced with a profound loss of personal and communal identity.”
These comments followed Vance’s address before international leaders in Paris, where he pledged a light-touch regulatory framework to govern AI development and deployment in ..
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