The US government isn’t keen on tying artificial intelligence down with heavy red tape. At a two-day G20 tech gathering in North Carolina co-hosted by US tech advisor Michael Kratsios, American officials made a straightforward pitch to international delegates: keep your hands off new AI regulations and let the industry move fast.
The strategy hinges on what Washington calls the “Carolina Principles.” Instead of writing fresh laws for every new tool that hits the market, the framework asks governments to hold back and reserve new rules strictly for genuinely novel situations, all while pouring resources into foundational research to keep commercial momentum high.
Surprising consensus and the Carolina Principles
Pitching a deregulated framework to international players usually faces pushback. However, this summit delivered a major diplomatic moment. A report from Reuters confirms that Chinese Science and Technology Minister Yin Hejun attended the sessions on behalf of the Chinese Communist Party. He engaged in what Kratsios described as a “great” bilateral meeting.
China actually signed onto the Carolina Principles during those discussions. While officials didn’t publicly distribute the exact document text, securing China’s endorsement gives the US-backed framework immediate international weight ahead of future policy debates.
Big Tech shows up to back the deregulatory push
The push for minimal oversight aligns perfectly with what major American AI firms want. Corporate leaders worry that strict compliance checks will eat into profits, slow down model releases, or force product redesigns. Tech heavyweights turned up over video streams and in-person panels to drive that message home to commerce ministers.
Meta CEO Mark Zuckerberg warned against placing restrictions on open-weight AI models. He argues that open access is vital for global software innovation. Tesla and SpaceX CEO Elon Musk took aim at the European Union, claiming its tough tech laws inhibit corporate progress, while urging world leaders to build out new energy sources to feed massive AI data centers—a topic shaping voter attitudes ahead of the 2026 US midterm elections.
Industry heavyweights urge focus on practical safety
The guest list didn’t stop with social media and automotive giants. Google DeepMind co-founder Demis Hassabis recently advocated for setting up standardized industry safety tests rather than broad statutory limits. Meanwhile, Anthropic co-founder Tom Brown was scheduled to address delegates as well.
In-person appearances also featured OpenAI CEO Sam Altman, Nvidia CEO Jensen Huang, and US Commerce Secretary Howard Lutnick. Together, they presented a united front advocating for commercial growth over government mandates impacting AI development.
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