US urges hands-off approach to AI regulation at G20 tech meeting
American AI companies want less regulation around the world for their rapidly growing businesses
The United States urged member countries of the G20 to take a hands-off approach to artificial intelligence (AI) regulation during a technology meeting in North Carolina on Tuesday. The US government seeks to avoid imposing new rules on AI for global businesses, as this could hinder their growth and profit margins. Michael Kratsios, a US tech adviser and co-host of the two-day meeting, pushed for countries to adopt the "Carolina Principles," which emphasize focusing on rules for "novel" situations involving AI instead of creating entirely new regulations.
Chinese Technology and Science Minister Yin Hejun represented China at the gathering. Tech giants like Google DeepMind's Demis Hassabis, Meta's Mark Zuckerberg, and SpaceX CEO Elon Musk addressed the meeting via video. Hassabis called for AI safety tests, while Zuckerberg advocated against restrictions on open-weight AI models. Musk criticized the European Union's tech regulations, claiming that they hinder progress for companies.
The G20 leaders are convening at a critical juncture in AI development and the global debate on how to govern the technology, given the increasing threat posed by China's AI capabilities.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
