Ministers from the Group of 20 major developed and emerging economies (G20) concluded a two-day meeting in the U.S. state of North Carolina on Wednesday, after adopting a joint statement cautioning against the dangers posed by 'rigid' regulations on emerging technologies, including artificial intelligence (AI).
The statement comes as governments worldwide struggle to find the right approach to governing AI and other disruptive technologies—balancing the push for innovation with the need to protect citizens and national security.
Observers note that this G20 message reflects growing concerns that excessive regulatory tightening could stifle development in key technology sectors, which are seen as future engines of economic growth.
Ministers also stressed the importance of international cooperation in forging legal frameworks, aiming to avoid a patchwork of inconsistent rules across countries that could burden businesses and slow the global technology transition.
