On September 3, representatives from the world’s leading economies reached a consensus to embrace a set of principles for artificial intelligence (AI) and emerging technology governance, as proposed by the United States. U.S. Secretary of Commerce Lutnick announced on Wednesday that G20 member states have endorsed a framework termed the ‘Carolina Principles,’ marking a notable accomplishment for both the Trump administration and Silicon Valley. These principles encourage G20 nations to adopt tailored regulatory strategies suited to different industries. When it comes to testing new technologies like AI, they stress the importance of weighing the potential costs of delaying technological deployment, while also fostering closer collaboration between government bodies and private-sector entities in the evaluation of emerging technologies. Michael Kratsios, technology policy advisor to the White House, expressed that the United States aims to stimulate global economic growth and innovation through the implementation of these principles. The official adoption of these principles by G20 leaders is scheduled to take place at the summit hosted by President Trump in Doral, Florida, this December.