The Fort Worth Press - US to press G20 on light-touch AI regulation

USD -
AED 3.672503
AFN 65.999711
ALL 79.594967
AMD 363.971554
ANG 1.789783
AOA 918.000209
ARS 1508.752305
AUD 1.394758
AWG 1.8
AZN 1.696527
BAM 1.684909
BBD 2.012311
BDT 122.788654
BGN 1.696366
BHD 0.376916
BIF 2995.860382
BMD 1
BND 1.271867
BOB 11.844673
BRL 5.183302
BSD 0.99907
BTN 95.031166
BWP 13.450098
BYN 3.064351
BYR 19600
BZD 2.009416
CAD 1.38636
CDF 2270.000168
CHF 0.809525
CLF 0.02375
CLP 934.739856
CNY 6.720202
CNH 6.721185
COP 3223.94
CRC 449.111985
CUC 1
CUP 26.5
CVE 95.375012
CZK 20.810899
DJF 178.164682
DKK 6.438895
DOP 58.919564
DZD 133.318113
EGP 50.823602
ERN 15
ETB 161.99988
EUR 0.861297
FJD 2.19785
FKP 0.738527
GBP 0.738295
GEL 2.60498
GGP 0.738527
GHS 11.265012
GIP 0.738527
GMD 73.497384
GNF 8824.580977
GTQ 7.641249
GYD 209.024143
HKD 7.83886
HNL 26.909896
HRK 6.490101
HTG 130.655214
HUF 314.699501
IDR 17720
ILS 2.99778
IMP 0.738527
INR 95.086101
IQD 1310
IRR 1374600.00027
ISK 121.29681
JEP 0.738527
JMD 158.175639
JOD 0.708958
JPY 159.8055
KES 129.429994
KGS 87.450552
KHR 4055.945863
KMF 424.999449
KPW 900.000294
KRW 1369.804962
KWD 0.30863
KYD 0.832637
KZT 460.823419
LAK 22391.267828
LBP 89472.101729
LKR 327.95472
LRD 180.842311
LSL 16.12092
LTL 2.95274
LVL 0.60489
LYD 6.348318
MAD 9.281558
MDL 17.134168
MGA 4320.000097
MKD 53.003381
MMK 2100.042393
MNT 3596.901731
MOP 8.065956
MRU 39.955718
MUR 47.110398
MVR 15.460129
MWK 1732.522927
MXN 17.001697
MYR 4.035955
MZN 63.874987
NAD 16.120851
NGN 1338.150122
NIO 36.750167
NOK 9.343703
NPR 152.05021
NZD 1.692665
OMR 0.384498
PAB 0.999074
PEN 3.363945
PGK 4.42275
PHP 62.410101
PKR 277.122883
PLN 3.72905
PYG 5913.265218
QAR 3.652011
RON 4.530398
RSD 101.098969
RUB 86.285115
RWF 1473.204478
SAR 3.775599
SBD 8.016322
SCR 13.886891
SDG 601.502618
SEK 9.58838
SGD 1.271575
SHP 0.740866
SLE 24.625017
SLL 20969.499227
SOS 571.017502
SRD 37.784026
STD 20697.981008
STN 21.107316
SVC 8.742473
SYP 13001.999906
SZL 16.116749
THB 33.181014
TJS 9.216647
TMT 3.5
TND 2.922972
TOP 2.40776
TRY 48.277701
TTD 6.723123
TWD 31.625296
TZS 2645.00297
UAH 44.477077
UGX 3781.956021
UYU 40.247931
UZS 11815.000099
VES 790.677101
VND 26072.5
VUV 117.352648
WST 2.707813
XAF 565.122099
XAG 0.015016
XAU 0.000225
XCD 2.702551
XCG 1.800615
XDR 0.707052
XOF 564.498184
XPF 103.250309
YER 237.024958
ZAR 16.104198
ZMK 9001.200107
ZMW 18.95835
ZWL 321.999592
  • CMSD

    -0.0200

    21.16

    -0.09%

  • NGG

    -0.1900

    79.16

    -0.24%

  • CMSC

    0.0100

    21.3

    +0.05%

  • RIO

    -0.8000

    102.5

    -0.78%

  • BTI

    -0.5600

    55.57

    -1.01%

  • RBGPF

    -2.2700

    68.5

    -3.31%

  • GSK

    -0.5700

    50.25

    -1.13%

  • BCC

    -0.7400

    78.01

    -0.95%

  • BCE

    0.1300

    23.59

    +0.55%

  • RELX

    -0.1100

    36.43

    -0.3%

  • RYCEF

    -0.4200

    20.08

    -2.09%

  • BP

    0.7200

    42.87

    +1.68%

  • JRI

    -0.1700

    12.18

    -1.4%

  • VOD

    0.0000

    16.04

    0%

  • AZN

    -0.5700

    162.13

    -0.35%

US to press G20 on light-touch AI regulation
US to press G20 on light-touch AI regulation / Photo: © AFP

US to press G20 on light-touch AI regulation

Tech bosses including Elon Musk, Nvidia's Jensen Huang and OpenAI's Sam Altman are participating in a G20 meeting in North Carolina this week amid a global debate on how governments should address the dangers of artificial intelligence.

Text size:

The meeting in Chapel Hill, home to the University of North Carolina, a leading US research hub, takes place on Tuesday and Wednesday and will be attended by ministers from the world's leading economies, including Japan, Germany, France, India and South Korea.

The United States holds the rotating G20 presidency this year and is hosting a series of ministerial meetings ahead of a leaders' summit that President Donald Trump will convene on December 14-15 at his Trump National Doral resort in Miami.

Washington has framed its host year around limiting regulatory burdens and promoting new technologies.

The Chapel Hill meeting is organized by White House Office of Science and Technology Policy Director Michael Kratsios and Commerce Secretary Howard Lutnick, who will attempt to get attendees to sign on to a commitment to light-touch AI regulation.

The meeting is spread over two days, with Musk joining by video call on Tuesday, and Huang and Altman expected in person on Wednesday for fireside chats with Lutnick.

Google DeepMind boss Demis Hassabis will also participate, Kratsios in a post on X said.

According to a report published by Bloomberg and re-posted on social media by Kratsios, the US will push something called the Carolina Principles, a policy where governments commit to avoid creating new regulatory bodies to regulate AI.

The meeting takes place just weeks after OpenAI revealed that testing of its AI models went seriously awry, when so-called AI agents, while operating without human supervision, went onto the internet and broke into the internal systems of Hugging Face, a kind of online library for AI software.

The incident is still causing major ructions in Silicon Valley, with some, including Microsoft founder Bill Gates, calling for the industry and officials to urgently come up with ways to govern the development of the sector.

In the fallout, Google's Hassabis in July called for the United States to create an organization that would test the most powerful AI systems before they can be released to the public.

The new regulatory body would be modeled on the Financial Industry Regulatory Authority (FINRA), the private watchdog that polices Wall Street brokerage houses under federal oversight.

The Trump administration is largely committed to a hands-off approach that would leave the industry to find ways to self-regulate, even as companies race furiously to stay ahead in AI despite the risks.

In a sign that his administration is loath to create any obstacle for the AI industry, Trump on Monday attacked opponents of artificial intelligence data centers, saying they would end up "backwards and poor" and were helping rival China.

C.Rojas--TFWP