The Trump administration will use this week’s G20 meeting in North Carolina to tell the world’s biggest economies to go easy on AI regulation, with Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang and OpenAI’s Sam Altman appearing before ministers on Wednesday.
Washington is also pushing the American AI stack abroad, from chips and cloud infrastructure to models and governance, with Nvidia at the center of that effort.
Hands Off, Says Washington
White House tech adviser Michael Kratsios is pushing a non-binding framework called the Carolina Principles, which instructs policymakers to avoid creating new regulatory bodies and to favor sector-specific rules and industry collaboration on testing.
A White House official separately told Reuters that Washington will press members not to establish new AI oversight organizations.
Elon Musk is set to address ministers by video on Tuesday, with Huang and Altman joining Commerce Secretary Howard Lutnick on Wednesday as Washington makes its case for lighter AI regulation.
Washington Wants to Sell The Tech too
President Donald Trump created the American AI Exports Program last year to push U.S. chips, cloud services and models overseas. The same order tells diplomats to help partner countries create “pro-innovation” regulatory environments for American AI.
Kratsios made the pitch explicit in India in February, calling American AI “the gold standard” and promoting U.S.-backed financing for countries building on American technology.
Nvidia reported $89 billion in data center revenue last quarter, up 117% from a year earlier, with CFO Colette Kress citing sovereign customers among the drivers.
More government-backed AI projects mean more data centers, more computing power and more demand for Nvidia’s chips.
Beijing Has a Competing Offer
China is taking a different route. In July, 29 countries including Russia, Brazil and Indonesia signed an agreement creating the World AI Cooperation Organization, a Shanghai-based body focused on global AI governance.
So while Washington is telling countries not to create new AI regulators, Beijing has just helped create one.
Europe is moving the other way too. The European Commission began enforcing new AI Act transparency rules on Aug. 2, while Google DeepMind co-founder Demis Hassabis, who is addressing ministers by video, called in July for a U.S.-led body to test the most powerful AI systems before release.
What Traders Are Betting
On Polymarket, traders give Nvidia a 77% chance of ending 2026 as the world’s largest company by market cap, with Apple at 14% and Alphabet at 9% across roughly $6.5 million in volume.
Huang has spent years making Nvidia more than a chipmaker, pushing it into software, networking, cloud partnerships and the wider AI ecosystem. His G20 appearance takes that strategy global, as Washington pushes American technology for AI buildouts overseas.
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