Senior cabinet officials from both continents pledged https://reut.rs/3upkWnN to cooperate on the screening of investments on export controls for sensitive dual-use technologies and on the development of artificial intelligence (AI).
The council formed 10 working groups that are focused on the following:
* Data Governance and Technology Platforms: The group will exchange information on governance of large technology platforms https://reut.rs/3m7VXSw such as Alphabet (NASDAQ:GOOGL)’s Google, Facebook (NASDAQ:FB), Apple (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) and adopt a more unified approach to regulation of such companies. It will also look to address issues such as harmful content and algorithmic amplification on tech platforms.
* Technology Standards: The group will cooperate on critical areas such as the use and deployment of AI and other emerging technologies.
* Climate and Clean Tech: It will support technology development, transatlantic trade and investment in technologies that do not damage the climate and explore ways to calculate embedded greenhouse gas emissions in global trade.
* Secure Supply Chains: The group will focus on advancing the security of supply in key sectors such as semiconductors, energy, pharmaceuticals, and critical materials.
* Information and Communication Technology and Services (ICTS) Security and Competitiveness: Will secure operations and the supply chain in sensitive and critical areas such as 5G, undersea cables, data centers, and cloud infrastructure.
* Misuse of Technology Threatening Security and Human Rights: The group will combat unlawful surveillance and build ways to effectively respond to internet shutdowns and protect human rights defenders online.
* Export Controls: This will ensure consultations on legislative and regulatory developments and exchange information on risk assessments and licensing good practices.
* Investment Screening: The group will exchange information on investment trends impacting security, especially when it comes to sensitive technology and data.
* Promoting Small- and Medium-sized Enterprises (SME) Access to and Use of Digital Tools: This will ensure access to digital tools and technologies for SMEs in both the United States and European Union.
* Global Trade Challenges: It will avoid new and unnecessary technical barriers in products and services, especially in areas such as emerging technology and promote labor rights.
Source: Economy - investing.com
