G20 ministers caution against 'inflexible' regulation on emerging tech
G20 ministers have adopted the 'Carolina Principles,' which caution against inflexible regulations for emerging technologies like AI. The agreement emphasizes promoting innovation and economic growth while limiting new regulations to only what is strictly necessary.
Why it matters
This consensus among major global economies sets a framework for how AI and other emerging technologies will be governed internationally.
CHAPEL HILL, North Carolina (Kyodo) -- Ministers from the Group of 20 countries ended a two-day meeting in North Carolina on Wednesday after adopting a statement cautioning against "inflexible" regulation on emerging technologies, such as artificial intelligence.
The event's host, U.S. Commerce Secretary Howard Lutnick, told a news conference that the statement reflects the determination of the countries to advance investment and economic growth as well as tech innovation through their economies.
The meeting in Chapel Hill also drew tech leaders such as Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman. Among the government officials in attendance was Japanese trade and industry minister Ryosei Akazawa.
The ministers agreed on a set of principles that seek to "intentionally promote innovation and unlock the benefits of emerging technology," according to the U.S. Commerce Department.
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