Former Vice President Mike Pence on Wednesday said artificial intelligence (AI) policy should balance limited government oversight with strong free-market competition to ensure U.S. leadership in emerging technology.
Pence Calls For AI Guardrails
In a post on X, Pence said, "AI policy is shaping up to be one of the most important debates as America charts its future."
He added that the conservative approach includes "guardrails so that AI reflects our goals and most importantly our values."
He also emphasized that "the free market ensures that Americans and American businesses lead the world in AI."
AI Splits Corporate Outlook On Jobs, Growth
Earlier, billionaire entrepreneur Mark Cuban warned that AI would divide companies into winners and losers, saying firms would either excel at AI or risk obsolescence.
He said, "There are 2 types of companies. Those that are great at AI, and those who will go out of business," while stressing that executives still struggle to measure AI's risks, benefits and implementation challenges.
Box Inc. (NYSE:BOX) CEO Aaron Levie said AI was instead driving hiring and business expansion across large enterprises, countering fears of widespread job losses.
He said companies were either growing through AI-driven roles or reinvesting efficiency gains into new areas, adding that "the companies that better serve their customers win over the long run."
Meanwhile, Snowflake Inc‘s (NYSE:SNOW) earnings call signaled that AI was shifting from experimentation to active monetization.
The company reported strong adoption of its AI tools, with CEO Sridhar Ramaswamy saying, "AI is accelerating consumption in our core platform," as shares surged more than 35% premarket.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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