Quoting from the Benton Institute for Broadband and Society’s recap of an article in the Wall Street Journal…

Tech executives and Trump administration officials urged policymakers from other leading economies to minimize artificial-intelligence regulations, arguing that strict rules could strangle an industry capable of supercharging global growth and curing diseases. Nvidia Chief Executive Jensen Huang, OpenAI’s Sam Altman, Meta Platforms CEO Mark Zuckerberg and Elon Musk of Tesla and SpaceX were among the speakers at a Group of 20 summit focused on innovation and technology, and they cautioned that aggressive regulations could limit the benefits of AI. Their message was echoed by Commerce Secretary Howard Lutnick, White House AI adviser David Sacks and Michael Kratsios, director of the White House Office of Science and Technology Policy, who said the administration’s light-touch strategy is boosting the economy. “Don’t regulate hypothetical, theoretical harm. Regulate actual and pragmatic harm,” Huang told officials from the G-20 countries, adding that tech advancements such as advanced model training to make models more accurate are making AI safer than regulations proposed by the Biden administration and others.