In a recent announcement, a European Union official revealed that the EU Executive Committee is set to evaluate and address potential risks associated with the abuse of four critical tech by certain nations that do not align with EU values. The identified technologies include semiconductors, artificial intelligence (AI), quantum technology, and biotechnology, encompassing vital aspects such as vaccines and genome sequencing.
The initiative is in line with the economic security strategy unveiled by the European Union in June of this year, aiming to fortify the region’s technological sovereignty and reduce dependence on external sources, particularly amid disruptions caused by the COVID-19 pandemic, Russia’s invasion of Ukraine, and the ongoing energy crisis.
Key Tech abuse evaluated by EU:
- Semiconductors: Semiconductors are foundational components in modern electronic devices, making them a critical technology. The European Union is concerned about their potential misuse, which could have far-reaching implications on various industries.
- Artificial Intelligence (AI): AI plays a crucial role in today’s evolving technological landscape. The EU is wary of countries employing AI for malicious purposes, necessitating a thorough risk assessment and subsequent countermeasures to safeguard its ethical and responsible deployment.
- Quantum Technology: Quantum technology is an emerging field with immense potential to revolutionize multiple sectors. However, its misuse could pose significant threats. The EU aims to assess and mitigate risks associated with this rapidly advancing technology.
- Biotechnology (Vaccines and Genome Sequencing): Biotechnology, particularly in the domains of vaccines and genome sequencing, holds paramount importance in healthcare and scientific research. The EU is vigilant about potential exploitation and seeks to ensure the responsible application of biotechnological advancements.
The European Commission will collaborate with member countries to conduct thorough risk assessments on these technologies by the end of this year. They will then devise and implement effective countermeasures in the following year to mitigate the identified risks.
Potential Measures and Cooperation:
To mitigate risks associated with the misuse of these technologies, the EU is considering various measures, including export controls and collaboration with like-minded allies sharing similar concerns.
These measures are essential steps in preserving the integrity and security of key technologies within the EU.
EU is taking proactive steps, mirroring actions by the US and Australia. This is to address concerns about misuse, particularly related to China’s growing influence in tech.
The European Parliament plans to approve a mechanism that allows imposing tariffs, restricting investments, and curbing opportunities for economic coercion in public contracts. This aims to bolster economic security and respond to trade disputes.
Read more: How IMEC made ASML the biggest company in Europe?
Vera Jourova and Thierry Breton will hold a press conference to discuss crucial development related to the EU’s technological future. They aim to provide insights and address questions on this important topic. EU is taking proactive steps to secure its technological future. The aim of these strategic measures is to enhance economic resilience and ensure responsible innovation. These efforts aim to foster a robust and sustainable digital ecosystem in the region.
References:
[1] TechNews