Governmental and business leaders recently converged at the Summit on Artificial Intelligence Safety, an event convened by the UK. This gathering resulted in broad commitments from 28 nations to collectively address the existential risks associated with advanced AI. Yet, it is evident that everyone wants to be the sole gold medalist in what’s a team effort. Nations, multilateral institutions, and tech giants have been vocal about the urgent need for AI regulations that ensure fairness, uphold ethics, and keep biases out of AI tools. India has been calling for responsible AI regulation that enables developing nations to participate in and benefit from advances in this technology. Right before the UK summit, US Vice President Kamala Harris said, “Let us be clear: When it comes to AI, America is a global leader. It is American companies that lead the world in AI innovation. It is America that can catalyze global action and build global consensus in a way that no other country can."