The Philippines joined 34 other economies, led by the United States (US), in affirming a shared commitment to align government regulations on artificial intelligence (AI) with the goal of strengthening global supply chains.

The US State Department announced on Friday, June 26 (US time), that a joint statement on AI opportunity was signed by allies and members of Pax Silica following the initiative’s second summit.

Under the statement, signatories pledged to pursue AI with a “pro-growth” and “pro-innovation” approach that upholds entrepreneurship and innovation to promote mutual prosperity.

“We share the view that the future of AI should be built on a foundation of trusted collaboration, economic security, innovation, and fair competition,” it said.

Among the commitments is support for the adoption of policies that advance technological innovation and promote investment by enabling businesses, startups, and citizens to participate in AI innovation.

The statement’s endorsers also pledged to support AI supply chains by advancing research and development initiatives, securing supplies of critical minerals, harnessing skilled workforces, and accelerating the development of semiconductor systems.

Lastly, they vowed to work together to foster private industry partnerships and investments, as well as lower barriers to entry for entrepreneurs developing the future of AI.

“Together, we aspire to build an AI future that serves our peoples, strengthens our economies and societies, and reflects our shared values of entrepreneurship, innovation, and the rule of law,” the statement read.

Apart from the Philippines, the statement was also signed by the likes of the US, Japan, Germany, Israel, South Korea, Singapore, Australia, India, and the United Kingdom.

During the summit, the Pax Silica partnership expanded to 24 members following the addition of 10 new members, including Argentina, Chile, Costa Rica, El Salvador, Germany, Greece, Kazakhstan, the Netherlands, Panama, and the European Union.

Launched in December last year, Pax Silica aims to build a new economic security consensus among allies to advance supply chains spanning critical minerals, energy inputs, advanced manufacturing, semiconductors, logistics, and AI infrastructure.

The Philippines joined the initiative in April, becoming the 13th member of the alliance.

As part of its membership, the country partnered with the US to develop a 1,600-hectare industrial hub in New Clark City, which has since attracted investment interest from a number of local and foreign companies.