On May 6, 2026, seven European tech and industrial CEOs from firms including ASML, Airbus, Ericsson, Mistral AI, Nokia, SAP and Siemens called for streamlined EU AI regulation. In an op-ed in Handelsblatt and Corriere della Sera, they warned that complex rules risk eroding Europe’s competitiveness as AI Act implementation is revisited.
This article aggregates reporting from 3 news sources. The TL;DR is AI-generated from original reporting. Race to AGI's analysis provides editorial context on implications for AGI development.
This coordinated CEO intervention is an unusually blunt message from Europe’s industrial heavyweights that they see AI regulation as a competitiveness issue, not just a compliance cost. Leaders from ASML, Airbus, Ericsson, Mistral AI, Nokia, SAP and Siemens argue that “more than three years after the ChatGPT moment” Europe is still debating rules while others focus on scaling AI in physical systems and robotics. ([resultsense.com](https://www.resultsense.com/news/2026-05-06-european-ceos-ai-act-streamline/)) The timing is deliberate: the Commission is reopening parts of the AI Act and preparing a wider ‘Tech Sovereignty Package’ on chips and AI infrastructure later this month.
For the race to AGI, the subtext is that Europe risks being primarily a regulator and customer of foreign models and infrastructure rather than a builder. ASML controls the lithography chokepoint for leading‑edge chips, Siemens and SAP sit deep in industrial and enterprise software, and Mistral is one of the continent’s few frontier‑model contenders. Their joint message is that overlapping, complex obligations—especially if layered on top of GDPR and sectoral rules—could slow experimentation with embodied and industrial AI just as the US and China press ahead.
Whether Brussels responds with meaningful simplification or only cosmetic changes will tell us a lot about Europe’s willingness to trade off theoretical regulatory completeness against practical industrial capacity. A more flexible, high‑trust implementation would likely accelerate European AI deployment and investment; a more rigid stance could entrench the existing gap between EU capabilities and US/Chinese AI labs.



