EU to assess risks of critical technologies being weaponised -official
Reuters
Published Oct 02, 2023 23:31
By Foo Yun Chee
BRUSSELS (Reuters) - The European Commission will assess the risks of four critical technologies, including semiconductors and artificial intelligence, being weaponised by countries not aligned with its values and will take measures next year to tackle the issue, an EU official said on Monday.
The move by the EU executive is part of the European Union's economic security strategy announced in June and echoes similar measures taken by the United States, Australia and other countries concerned about China's increasingly assertive role.
The other two critical technologies on the EU list are quantum technologies and biotechnologies such as vaccines and genome sequencing.
"The Commission will do risk assessments of these four technologies with member states. The deadline is by the end of the year. The next step is to mitigate the risks next year," the official told Reuters on condition of anonymity.
Possible measures could include export controls and partnering with like-minded allies.
Commission Vice President Vera Jourova and EU industry chief Thierry Breton will hold a press conference on the issue at 1330 GMT on Tuesday.
The European Union has in recent years sought to reduce its dependence on China and other countries for key products following supply chain disruptions triggered by the COVID-19 pandemic and the war in Ukraine that set off an energy crisis in the bloc.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.