At a G20 tech summit in North Carolina, all G20 member nations unanimously agreed to adopt the US-proposed 'Carolina Principles' framework, establishing a light-touch approach to artificial intelligence regulation. Handing a major victory to the Trump administration and Silicon Valley, the agreement discourages new oversight bodies. While tech leaders like Elon Musk and Jensen Huang lobbied against restrictive rules, the US also secured the signature of Chinese Technology and Science Minister Yin Hejun amid rising bilateral competition for AI ecosystem dominance.
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