Economic chiefs from some of the world’s largest economies are meeting this week in North Carolina, as meetings kick off ahead of the U.S.-hosted G20 summit in December, and it looks like the focus, unsurprisingly,

By Courtney Rozen and JC Whittington CHAPEL HILL, North Carolina, Sept 1 (Reuters) - The U.S. pressed G20 members on Tuesday to take a hands-off approach to AI regulation and avoid creating rules for the technology at a gathering of industry titans and commerce ministers in North Carolina.

Here are five key things investors need to know to start the trading day.

G20 innovation ministers endorse US-backed light-touch AI governance, rejecting new regulatory agencies. China backs framework, isolating EU.

A US regulatory agency for AI would be a “disaster,” Trump’s AI czar said during a G20 forum on technology.

Elon Musk speaks at the G20 meeting about his predictions for AI. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox Get this delivered to your inbox,

Federal agencies hosted the G20 event attended by Altman, Karp and Huang. Student protesters marched to the Carolina Inn and denounced AI and surveillance. Altman called AI transformative and said more infrastructure is needed.

The head of the G20’s Financial Stability Board wrote that potential disruptions triggered by AI wouldn’t stop at national borders and that efforts to ensure the safe release of new models should be a priority.

Top technology executives including Nvidia’s Jensen Huang, OpenAI’s Sam Altman, Meta’s Mark Zuckerberg and Elon Musk urged governments to avoid broad AI restrictions, arguing that excessive regulation could slow innovation and economic gains.