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EU’s Bold Move: Evaluating Export Controls on AI Tech and Semiconductor Chips Signals Global Power Shift

EU’s Bold Move: Evaluating Export Controls on AI Tech and Semiconductor Chips Signals Global Power Shift

The European Commission is taking steps to assess the risks associated with critical technologies such as AI and semiconductor chips, with the goal of preserving strategic interests and security.

European Commission Conducts Risk Assessments on Critical Technologies

The European Commission has announced its intention to conduct risk assessments on critical technology areas, including artificial intelligence (AI) and semiconductor technologies. The decision comes as part of the EU’s efforts to safeguard its strategic interests and security.

The identified areas for assessment include AI, advanced semiconductor technologies, quantum technologies, and biotechnologies. These technologies were chosen due to their transformative nature, the risk of civil or military fusion, and the potential for human rights violations.

Thierry Breton, the commissioner for the internal market of the European Union, emphasized the importance of continuously monitoring critical technologies and assessing risk exposure. He stated that Europe is adapting to new geopolitical realities and acting as a real geopolitical power.

The risk assessments will be carried out by the end of the year, and any results or initiatives based on the assessments will be presented by spring 2024. The next steps involve engaging with the 27 EU member states to begin collective assessments of the identified technology areas.

This development follows the enactment of the Joint Communication on European Economic Security Strategy in June 2020, which aims to protect against risks and promote European competitiveness in specific markets.

The United States has also been focusing on assessing the export risks of its own technology in similar sectors. Recently, it banned the export of high-level AI semiconductor chips to China, and lawmakers have supported legislation that would require companies to report investments in Chinese technologies. These decisions have prompted other countries to consider their own course of action regarding AI technologies.

In conclusion, the European Commission’s risk assessments on critical technologies demonstrate its commitment to preserving strategic interests and security. By assessing the risks associated with AI and semiconductor technologies, the EU aims to adapt to new geopolitical realities and act as a real geopolitical power.

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Akash Osta
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