Vice President JD Vance recently made an announcement that is sending shockwaves through the tech sector. When President Donald Trump first named Vance his running mate, speculation rose that the latter’s background in Silicon Valley would benefit U.

The vice president said the world had better follow the U.S.’s lead in both model development and its hands-off regulatory approach.

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.