The White House unveiled a hands-off regulatory approach to foster the development of artificial intelligence at a gathering of more than 40 companies in Washington Thursday. A top White House technology adviser, Michael Kratsios, told representatives of companies including Alphabet Inc.'s Google, Facebook Inc., Goldman Sachs Group Inc. and Boeing Co. that they'll have the greatest possible latitude to develop AI, according to a copy of his remarks that was provided to Bloomberg. "We didn't cut the lines before Alexander Graham Bell made the first telephone call," Kratsios said in his prepared remarks. "We didn't regulate flight before the Wright Brothers took off at Kitty Hawk." Kratsios also announced the formation of a committee on artificial intelligence consisting of senior federal R&D officials within the National Science and Technology Council of the White House.