US Secretary of Commerce Howard Lutnick said on Wednesday after the conclusion of the Trump Administration's Science and Innovation Summit in North Carolina that this framework has been supported by all G20 members. Although these principles are not legally binding, G20 member states support them at a time when the global competition for artificial intelligence leadership is becoming increasingly fierce, showing rare cooperation among countries on technology regulation issues. Lutnick said that getting all participating countries to reach an agreement is an “extremely difficult job.” The document, called the “Carolina Principles,” calls on G20 countries to adopt industry-specific regulatory methods when formulating rules and avoid establishing new artificial intelligence regulators. The document calls for greater cooperation between the government and the private sector to jointly test emerging technologies, while taking into account the possible costs of delaying the adoption of breakthrough products. These principles will be submitted to the upcoming G20 Leaders' Summit for formal adoption.

US Secretary of Commerce Howard Lutnick said on Wednesday after the Trump administration's Science and Innovation Summit in North Carolina concluded that this framework has been supported by all G20 members. Although these principles are not legally binding, G20 member states support them at a time when the global competition for artificial intelligence leadership is becoming increasingly fierce, showing rare cooperation among countries on technology regulation issues. Lutnick said that getting all participating countries to reach an agreement is an “extremely difficult job.” The document, called the “Carolina Principles,” calls on G20 countries to adopt industry-specific regulatory methods when formulating rules and avoid establishing new artificial intelligence regulators. The document calls for greater cooperation between the government and the private sector to jointly test emerging technologies, while taking into account the possible costs of delaying the adoption of breakthrough products. These principles will be submitted to the upcoming G20 Leaders' Summit for formal adoption.