The European Union will evaluate export controls on artificial intelligence technology and semiconductor chips Cryptocurrency scrgruppen

The European Commission is conducting risk assessments and examining export controls in “critical technology areas,” including artificial intelligence and semiconductor technologies. According to To a press release of omission.

On October 3, EU officials said they had identified four areas that needed to be assessed regarding technology risks and risks of technology leakage: artificial intelligence, advanced semiconductor technologies, quantum technologies, and biotechnologies.

According to the declaration, these technologies were selected based on their transformative nature, the risk of civilian or military integration, and the risk that the technology could be used to violate human rights.

Thierry Breton, EU Internal Market Commissioner, described the move as an important step for EU flexibility, adding:

“We need to continuously monitor our critical technologies, assess our exposure to risks and – where necessary – take measures to preserve our strategic interests and security.”

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

Risk assessments will be conducted by the end of the year. Any findings or initiatives based on the risk assessments will be presented by spring 2024.

Related: The United States and Vietnam make deals on artificial intelligence chips and technology worth billions of dollars

The Commission says the next steps include engaging with the 27 EU member states to begin collective assessments of the above areas.

This development comes on the heels of the European Commission’s June 20 release of the Joint Communication on the European Economic Security Strategy, an initiative based on pillars including “protection against risks” and strengthening European competitiveness in specific markets.

The United States is also focusing on assessing the risks of exporting its own technology in similar sectors. Recently, it banned the export of high-end AI-based semiconductor chips to China.

Several US lawmakers also supported legislation that would require companies to report investments in Chinese technologies.

Decisions from the United States have prompted countries abroad to consider their own course of action regarding artificial intelligence technologies.

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