The European Commission is actively conducting risk assessments and contemplating the implementation of export controls in what it deems "critical technology areas," including artificial intelligence (AI) and semiconductor technology. This information comes from an official press release issued by the European Commission.
On October 3, EU officials officially revealed that they've pinpointed four critical technology domains that require assessments for technology and technology leakage risks. These areas include artificial intelligence, advanced semiconductor technology, quantum technology, and biotechnology.
The selection of these technologies was based on several factors, including their transformative potential, the risk associated with their use in civilian or military applications, and their potential to infringe upon human rights. EU Internal Market Commissioner Thierry Breton emphasized the significance of this move in revitalizing the EU, stating:
"We need to continuously monitor our critical technologies, assess our risk exposure, and take steps when necessary to safeguard our strategic interests and security."
He further added, "Europe is adapting to new geopolitical realities, ending an era of naivety and becoming a true geopolitical power." The risk assessment process is slated for completion by the end of this year. Any subsequent actions or initiatives based on these assessments will be announced in spring 2024.
The European Commission also plans to collaborate with the 27 EU member states to undertake a collective evaluation of these technology areas.
This development follows the European Commission's June 20 publication of the Joint Communication on the European Economic Security Strategy, a key initiative aimed at "preventing risks" and enhancing Europe's competitiveness in specific markets.
The United States has also been actively assessing export risks related to its own technology, particularly in these same fields. For example, high-level artificial intelligence semiconductor chip exports to China have been prohibited. Additionally, there's growing support among U.S. lawmakers for legislation that would compel companies to disclose their investments in Chinese technology.
These U.S. actions have spurred other countries to consider their own responses and policies concerning artificial intelligence technology.
