00:00The United States press G20 members on Tuesday to take hands-off approach to artificial intelligence regulation
00:06as technology leaders gather in North Carolina for talks on the future of AI and global competitiveness.
00:13U.S. Tech Advisor Michael Kretzios, who is co-hosting the meeting, advocated for countries to adopt the Carolina principles,
00:19arguing that governments should avoid creating new regulations unless AI presents truly novel policy challenges.
00:27Space X CEO Elon Musk backed a lighter regulatory approach, warning that excessive rules can slow innovation.
00:35Musk singled out the European Union, saying its regulatory approach has created obstacles for companies developing new technologies.
00:43You have to have an environment that's relatively free of regulation, meaning that new things must be default legal as
00:51opposed to default illegal.
00:54So, in the EU, for example, we find that the regulation level is extraordinarily high and things are generally default
01:01illegal.
01:02And this inhibits progress of new technologies.
01:07It slows it down. It doesn't ultimately stop it, but it slows it down quite considerably.
01:12The meeting comes as Washington seeks to maintain its stenological edge over China
01:17and encourage countries to remain within the U.S.-led AI ecosystems.
01:22Musk also focused on the energy demands of artificial intelligence,
01:25saying the rapid pull-out of AI data centers will require massive increases in electricity generation.
01:33Now, China does have a tremendous amount of electricity,
01:36but due to GPU export bans, one cannot establish data centers with the latest chips in China.
01:45So, really, the consideration is what sort of electricity growth is there outside of China?
01:52And that is currently a significant shortfall relative to AI chip production.
01:59So, this creates an opportunity, I think, for countries around the world just to save,
02:04if they're interested in AI data centers, to construct a lot of power and offer that to AI companies.
02:17And in exchange, of course, these AI data centers would be taxed and have to pay reasonable fees and stuff.
02:24But it does create an opportunity for a lot of countries.
02:29He added that power generation outside China is not keeping pace with AI chip production.
02:34Industry leaders, including Meta CEO Mark Zuckerberg, Google DeepMind co-founder Demis Hasabis,
02:41OpenAI CEO Sam Altman and NVIDIA CEO Jensen Huang,
02:45are expected to take part in the discussion with ministers and policymakers.
02:50Musk also predicted AI would have a profound economic impact,
02:55estimating the technology could boost global output by trillions of dollars, or 20 to 30 percent annually.
03:01Looking for the ahead, Musk said humanoid robots could dramatically reshape manufacturing and productivity.
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