U.S. Vice President JD Vance on Tuesday warned global leaders and tech industry executives that “excessive regulation” could cripple the rapidly growing artificial intelligence industry in a rebuke to European efforts to curb AI’s risks.

Yet such worries were pushed to the back burner as the U.S., in particular, made a forceful argument against moves to regulate the sector, with Vance saying that the Trump Administration “cannot and will not” accept foreign governments “tightening the screws on U.S. tech companies.”