US and AI bosses ask G20 not to regulate AI because it could hurt America's bottom line | TechRadar
US and AI bosses ask G20 not to regulate AI because it could hurt America's bottom line | TechRadar
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US and AI bosses ask G20 not to regulate AI because it could hurt America's bottom line
Craig Hale
Published
2 September 2026
US tech advisor Michael Kratsios pushes for lighter AI regulation
Image Credit: Geralt / Pixabay
(Image credit: Pixabay)
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Michael Kratsios advocates for lighter AI regulation via the Carolina Principles
Under the system, existing laws would be applied before new laws are created
China has reportedly signed up despite the scheme aligning with US interests
Speaking at a recent G20 meeting, US officials have urged other governments to rely on existing legal frameworks wherever possible rather than treating AI as a totally new policy problem in a bid not to lose competitiveness.
US technology advisor Michael Kratsios said countries signing up to the proposed Carolina Principles would be in agreement not to write entirely new regulatory systems specifically for AI.
The Principles would only support new rules where AI creates genuinely "novel" situations where existing laws can't be