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The two-day Chapel Hill meeting brings together commerce ministers and tech executives including Elon Musk, Jensen Huang, and Sam Altman

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The United States is pressing G20 member nations to adopt a light-touch approach to artificial intelligence governance, urging countries to refrain from creating new regulatory bodies or rules for the technology at a ministerial gathering that opened Tuesday in Chapel Hill, North Carolina.

White House Office of Science and Technology Policy Director Michael Kratsios, who is co-hosting the meeting alongside Commerce Secretary Howard Lutnick, will ask attendees to sign on to what the administration is calling the "Carolina Principles," according to Reuters, which reviewed a copy of his prepared remarks. Under the framework, participating countries agree to "reserve new regulation for novel considerations" when drafting AI rules, direct funding toward foundational research, and open up greater commercial opportunities for emerging technologies.