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From a fierce critic of Trump to an ally of the former president, Vance, a former technology investor, is strongly skeptical of regulating artificial intelligence, but wants to increase supervision of large technology companies. "We want innovation, and we want competition. I think you can't have one without the other."

James Vance, a 39-year-old federal senator from Ohio, recently became former U.S. President Trump's running mate and was nominated as the Republican vice presidential candidate. From a fierce critic of Trump to an ally of the former president, this former technology investor is strongly skeptical about regulating artificial intelligence, but hopes to strengthen supervision of large technology companies. "We want innovation, and we also want competition."

Ohio Senator James Vance recently became former US President Trump's running mate and was nominated as the Republican vice presidential candidate.

According to a report by The New York Times on July 17, Vance has been pushing for deregulation of artificial intelligence and publicly supports open source artificial intelligence. He has close ties with some of the most powerful supporters in the tech industry, many of whom have funded smaller artificial intelligence startups. Vance tends to take a hands-off approach to artificial intelligence, but also hopes to increase regulation of large tech companies in the field.

He favors reining in big tech companies, arguing they have become so powerful that they hinder the ability of smaller companies to succeed, and he supports Federal Trade Commission Chairwoman Lina Khan's tough stance on antitrust action against big tech companies.

Vance has worked in the tech industry in Silicon Valley for less than five years as a junior venture capitalist and biotech executive. According to the New York Times, the experience in the tech industry was crucial for Vance to establish connections with billionaire executives and investors, such as technology investor Peter Thiel and Elon Musk, who owns the social platform X, who funded Vance's political path and increased his popularity on social media. On July 15, after Trump announced Vance as his running mate, Musk posted a congratulatory message.

In 2020, Vance founded Narya Capital, a venture capital firm based in Cincinnati. Vance said he wanted to find a company to compete with Google's advertising technology business, but realized that Google's dominance was too great. "We want innovation, and we want competition, and I think you can't have one without the other," he said in February. He criticized Meta and Apple's "parasitic" business practices and called for breaking up Google, but did not specify how to deal with powerful artificial intelligence companies such as OpenAI and Anthropic.

Generative AI has sparked concerns around the world that the technology could eliminate jobs, fuel disinformation and eventually replace the need for humans altogether. Europe has introduced laws banning the most dangerous uses of AI, and dozens of U.S. states have passed or are in the process of drafting AI laws, but there has been no progress at the federal level.

If Trump wins the White House again, Vance will become the youngest vice president of the United States since the 1950s. But Trump has not said who he would let lead the government's policy-making on artificial intelligence if he is re-elected president in November. And Vance could have a significant impact on this growing industry. If Trump is elected later this year, Vance's seemingly contradictory situation may affect the Trump administration's stance on artificial intelligence policy.

According to The New York Times, tech policy experts expect Vance to take a more laissez-faire approach to AI regulation than the Biden administration would. Vance is likely to favor removing some of the AI ​​safeguards currently in place for the U.S. military, which has taken a cautious approach to using the new technology.

However, experts also said that Vance's views on deregulating AI and increasing accountability for large technology companies, which are currently leading the way in creating and improving AI technology, may be difficult to balance. "Vance has two ideas, and I don't know if he can reconcile these two things," said Matt Mittelsteadt, a researcher at George Mason University.

Kara Frederick, director of the Heritage Foundation's Center for Technology Policy, said Vance is likely to boost the AI ​​industry and prioritize startups in the field. "He has more firsthand experience to understand how new entrants can't compete in a truly free market."