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Wednesday, September 2, 2026 · UTC
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US Officials and Tech Leaders Reject AI Regulation at G20 Ministerial

US officials and tech leaders at the G20 Innovation Ministerial urged minimal AI regulation, rejecting agency-style approval models as innovation-stifling.

TruthFoundry News Desk
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David Sacks, co-chair of the Trump administration's council on science and technology, said on Tuesday during a virtual appearance at the G20 Innovation Ministerial that creating a regulatory agency to approve AI product releases would be a 'disaster' that would turn it into a 'DMV for AI' with models stuck in a queue, and argued existing laws and agencies already provide sufficient regulation. [1] The article reports that millions of AI-generated images of child sexual abuse material flooded the X platform months ago, and while the European Union opened an investigation into X and countries such as Malaysia and Indonesia banned the app, US regulatory agencies took no action. [2] OpenAI CEO Sam Altman said during a fireside chat with U.S. Commerce Secretary Howard Lutnick at the G20 Innovation Ministerial in Chapel Hill, North Carolina, that AI adoption is 'non-negotiable' for countries, comparing rejecting it to refusing electricity a century ago. [3] At the G20 Innovation Ministerial held in Chapel Hill, North Carolina, Michael Kratsios, director of the Trump administration's Office of Science and Technology Policy, said on the opening day that 'slow policy adaptation makes it harder to capture the full benefits of innovation' and that regulations built for a different era create uncertainty for developers. [4] Elon Musk, CEO of SpaceX and xAI, said on Tuesday at the G20 Innovation Ministerial that governments should make new inventions 'default legal as opposed to default illegal' and should provide more support to startups rather than the largest existing companies. [5] Altman said cybersecurity is one of the biggest challenges to navigate in the age of AI and that some things will go very wrong with cybersecurity unless people act quite urgently, and that falling short could set the technology back a great deal. [6] Altman said the economic growth and benefit to people from AI, and the value to a country, are too high to ignore, and predicted an unprecedented boom in entrepreneurship. [7] Altman said he thinks the public will not be talking as much about AI a decade from now because it will be expected everywhere, and that a child growing up today will never be smarter than AI but will never have understood a world where every product and service is not smart and capable. [8]
What this stands on
  1. David Sacks, co-chair of the Trump administration's council on science and technology, said on Tuesday during a virtual appearance at the G20 Innovation Ministerial that creating a regulatory agency to approve AI product releases would be a 'disaster' that would turn it into a 'DMV for AI' with models stuck in a queue, and argued existing laws and agencies already provide sufficient regulation. · CNET
  2. The article reports that millions of AI-generated images of child sexual abuse material flooded the X platform months ago, and while the European Union opened an investigation into X and countries such as Malaysia and Indonesia banned the app, US regulatory agencies took no action. · CNET
  3. OpenAI CEO Sam Altman said during a fireside chat with U.S. Commerce Secretary Howard Lutnick at the G20 Innovation Ministerial in Chapel Hill, North Carolina, that AI adoption is 'non-negotiable' for countries, comparing rejecting it to refusing electricity a century ago. · slashdot.org
  4. At the G20 Innovation Ministerial held in Chapel Hill, North Carolina, Michael Kratsios, director of the Trump administration's Office of Science and Technology Policy, said on the opening day that 'slow policy adaptation makes it harder to capture the full benefits of innovation' and that regulations built for a different era create uncertainty for developers. · CNET
  5. Elon Musk, CEO of SpaceX and xAI, said on Tuesday at the G20 Innovation Ministerial that governments should make new inventions 'default legal as opposed to default illegal' and should provide more support to startups rather than the largest existing companies. · CNET
  6. Altman said cybersecurity is one of the biggest challenges to navigate in the age of AI and that some things will go very wrong with cybersecurity unless people act quite urgently, and that falling short could set the technology back a great deal. · slashdot.org
  7. Altman said the economic growth and benefit to people from AI, and the value to a country, are too high to ignore, and predicted an unprecedented boom in entrepreneurship. · slashdot.org
  8. Altman said he thinks the public will not be talking as much about AI a decade from now because it will be expected everywhere, and that a child growing up today will never be smarter than AI but will never have understood a world where every product and service is not smart and capable. · slashdot.org
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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