What exactly will the UK government's global AI Safety Summit achieve?

From tomorrow, the UK government is hosting the first global AI Safety Summit, bringing together about 100 people from industry and government to develop a shared understanding of the emerging risks of leading-edge AI while unlocking its benefits. While no one is under any illusions that global governments are going to suddenly announce a unified regulatory framework for AI in the aftermath of the summit, there does seem to be widespread consensus that this summit shouldn't be a "one and done" event. [Extracted from the article]