Yet such worries were pushed to the back burner as the U.S., in particular, made a forceful argument against moves to regulate the sector, with Vance saying that the Trump Administration “cannot and will not” accept foreign governments “tightening the screws on U.S. tech companies.”

U.S. Vice President JD Vance on Tuesday warned global leaders and tech industry executives that “excessive regulation” could cripple the rapidly growing artificial intelligence industry in a