This would be an interesting way for Europe to maintain AI sovereignty. US would block it though.
100% the US government would maintain that AI is the key to the success of the US economy over China, and that it can only happen as long as it's run by profiteering billionaires aiming to extract money from society at the fastest rate possible. Only by accelerating ecological collapse for profit can private US capitalism maintain its edge over freely shared Chinese open-weight models.
In the article it's suggested that Norway could award a peace prize to trump in return for regulatory approval.