May 17, 2024
EU's Strategic Technology Evaluation: Focus on AI, Semiconductors, Quantum, and Biotech

EU’s Strategic Technology Evaluation: Focus on AI, Semiconductors, Quantum, and Biotech

According to a press statement from the omission, the European Commission is undertaking risk analyses and contemplating export bans on “critical technology areas,” including artificial intelligence (AI) and semiconductor technologies.

On October 3, representatives of the European Union said that four fields, including artificial intelligence (AI), advanced semiconductor technologies, quantum technologies, and biotechnologies, needed study concerning technological risk and the risk of technology leakage.

The announcement claims that these technologies were selected because of their transformational potential, potential for civil or military fusion, and potential for human rights violations.

The action, according to Thierry Breton, the EU’s commissioner for the internal market, is crucial for the EU’s resilience.

“We need to continuously monitor our critical technologies, assess our risk exposure, and, as and when necessary, take measures to preserve our strategic interests and our security.”

Thierry Breton, the EU’s commissioner for the internal market

He later continued, “Europe is adapting to the new geopolitical realities, putting an end to the era of naivety and acting as a real geopolitical power.”

By the year’s end, the risk evaluations will have been completed. By the spring of 2024, any conclusions or actions resulting from the risk assessments will be announced.

According to the commission, the following stages entail talking to the 27 EU members about starting a group evaluation of the aforementioned areas.

This development comes in response to the Joint Communication on European Economic Security Strategy, a multi-pillared strategy that includes “protection against risks” and fostering European competitiveness in certain markets, being adopted by the European Commission on June 20.

In related industries, the US has likewise been concentrating on evaluating the export risks associated with its technology. It recently prohibited the shipment to China of advanced AI microchip chips.

A lot of American legislators have also backed legislation requiring businesses to disclose their investments in Chinese technologies.

The U.S.’s policies have prompted other nations to think about their course of action concerning AI technology.

Image: Freepik

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