On Tuesday (local time), the White House Office of Science and Technology Policy, in collaboration with the U.S. Department of Commerce, co-hosted the online portion of the G20 Innovation Event. Elon Musk, CEO of both Tesla and SpaceX, remarked at the event that the world is currently grappling with a 'power crisis.' He anticipates a significant 15-gigawatt power deficit in the AI chip sector by next year. Musk urged nations to establish data centers to bolster the growth of AI enterprises and projected that AI would propel the global economy to expand by 20% to 30% annually. He also highlighted that within the next decade, 1 billion humanoid robots will be operational, including Tesla's Optimus robot, which is touted to have five times the production efficiency of humans. Musk even mentioned that his compensation would hinge on the success or failure of this robotic venture.

At the outset of the event, Michael Kratsios, Director of the White House Office of Science and Technology Policy, articulated that the event's objective was to forge a consensus around the 'Carolina Principles.' These principles encourage companies to invest in cutting-edge technologies while also embracing suitable regulatory measures. Following Musk's comments, David Sacks, the former White House AI affairs lead, voiced criticism against the notion of establishing a U.S. counterpart to an 'AI FDA.' Additionally, a draft executive order proposed by the Trump administration, which aimed to set up an industry self-regulatory body for AI companies, has also encountered delays.

NVIDIA CEO Jensen Huang and OpenAI CEO Sam Altman are slated to address the event on Wednesday (local time).