U.S. Ambassador to the EU Warns: Stop Fining American Tech Companies or the EU Will Miss Out on the AI Economy

LootboxPhobia · 2026-03-27T18:03:16+00:00

U.S. Ambassador to the European Union, Andrew Puzder, pointed out that if the EU wants to participate in the AI economy, it needs to reduce regulation of American tech companies. He warned that excessive regulation could lead these companies to exit Europe, thereby impacting the EU's development in the AI field. Puzder emphasized that access to data and technology is crucial for the EU.

LootboxPhobia

2026-03-27 18:03:16

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Investing.com - Andrew S. Puzder, the U.S. Ambassador to the EU, told CNBC on Friday that if the EU wants to participate in the artificial intelligence economy, it must reduce regulations on U.S. tech companies.

Puzder stated on CNBC’s “European Morning Edition,” “If you push these companies out of the European continent through regulation, you will not be able to be part of the AI economy.”

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Puzder mentioned that the EU’s involvement in the AI economy requires data centers, data, and access to the U.S. AI hardware technology stack. He warned against over-regulation, constantly changing regulatory rules, and imposing hefty fines on companies.

“You know, it’s these companies that can bring you data, data centers, and the U.S. AI hardware technology stack,” he said. “If you push them out of the European continent through regulation, you will not be able to be part of the AI economy.”

“Therefore, I think Europe needs to be very careful in examining its approach to these companies. I also think these companies need to consider the prospects of continuing to conduct significant business in the EU,” Puzder said.

The ambassador’s remarks came after the European Commission’s multiple actions against U.S. tech companies over the past year. These measures have drawn criticism from officials in the administration of President Donald Trump.

In February, Meta was warned that the EU intended to take action against the company, requiring it to withdraw its AI policy for WhatsApp, after the company was fined €200 million ($230 million) in April. Apple was fined €500 million in February, and Google faced a fine of €2.95 billion in September.

In December of last year, Elon Musk’s social media app X was fined €120 million. Secretary of State Marco Rubio posted on X at the time, stating that the fine was “an attack by a foreign government on all American tech platforms and the American people.”

On Thursday, the European Commission initiated a formal procedure to investigate whether Snapchat, owned by Snap, complied with the Digital Services Act regarding online child safety.

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