European Commission Assessing Risks in AI and Semiconductor Technologies for Potential Export Controls
Summary:
The European Commission is currently reviewing risks associated with artificial intelligence (AI) and semiconductor technologies, considering potential export controls. The focus areas identified for risk evaluation include AI, advanced semiconductor technologies, quantum technologies, and biotechnologies. The intention is to continuously monitor critical technologies, assess risk exposure, and implement measures to preserve strategic interests and security. The risk assessments are set to be completed by year's end, with results and any related initiatives due to be presented by spring 2024.
The European Commission is in the process of evaluating risks and pondering about export regulations on sectors deemed critical, including artificial intelligence (AI) and semiconductor technologies, as per the Commission's recent report. EU representatives revealed on October 3 that they have singled out four sectors for risk evaluation, specifically, concerning technology risk and the likelihood of technology leakage. The spheres in question are artificial intelligence, high-end semiconductor technologies, quantum technologies, and biotechnologies. The Commission disclosed in their announcement that the choice of these sectors was influenced by their progressive impact, the potential risks of merging civilian and military applications, and the chances of abusing the technology to infringe upon human rights. The EU's internal market commissioner, Thierry Breton, lauded the move as a significant stride towards enhancing EU’s resilience. He emphasized that there is a need to continually keep an eye on our critical technologies, appraise our risk exposure, and implement suitable measures to safeguard strategic interests and security. He added, “Europe is adjusting to the shifting geopolitical landscape, leaving behind its naive past, and assuming the role of an authentic geopolitical force.” The risk evaluations are scheduled for completion by the end of this year and any action plans stemming from these assessments would be unveiled by spring 2024. The Commission's forthcoming initiatives entail soliciting the opinions of its 27 member countries to initiate collective reviews of aforementioned areas. This news trails in the wake of the Joint Communication on European Economic Security Strategy implemented by the EU Commission. This multi-dimensional initiative began on June 20 and includes risk prevention measures and the promotion of European competitiveness in niche markets. The United States too is investing efforts into reviewing export risks of technology in comparable sectors. Notably, the US has imposed a ban on exporting high-quality AI semiconductor chips to China. Several US lawmakers have also endorsed laws mandating firms to disclose their investments in Chinese technology. These decisions made by the US have triggered overseas nations to contemplate their own strategies on AI technologies.
Published At
10/4/2023 11:19:02 AM
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