Altman emphasized that AI has the potential to transform industries, healthcare, education and climate solutions but warned against overly restrictive rules that could stifle innovation and global competitiveness. In contrast, European regulators urged the adoption of enforceable standards to prevent misuse, data breaches and algorithmic discrimination. A central theme of the summit was the need for international collaboration. Speakers argued that unilateral regulation could push AI research to countries with fewer oversight standards increasing risks of unmonitored AI deployment. Several sessions highlighted the importance of developing transparent AI systems, audit protocols and shared ethical frameworks. The summit also addressed the growing role of generative AI in content creation, cybersecurity, and decision-making. Experts warned that without oversight AI-generated misinformation, deepfakes and automated decision systems could have widespread societal consequences. The technology is evolving faster than our ability to legislate said Priya Deshmukh, India’s AI policy advisor. We need flexible, adaptive governance that encourages innovation while protecting citizens from harm . Summit participants concluded with a call for a global AI council to facilitate policy coordination, ethical standardization and responsible deployment of AI systems across borders. While no binding agreements were reached, the discussions underscored the delicate balance between innovation, competition and regulation in shaping the future of artificial intelligence. As AI continues to expand into every facet of human life, governments and corporations face mounting pressure to act decisively but collaboratively ensuring that technological progress does not come at the cost of public trust or safety.