US and EU to cooperate on tech standards, supply chain security and tech development

The United States and the European Union have started work on coordinating approaches across various technology areas, including AI and semiconductors, and tackling non-market policies that result in the misuse of technology.

The plan was created on Wednesday after US and EU representatives, including US President Joe Biden and European Commission Vice Presidents Valdis Dombrovskis and Margrethe Vestager, met for the first time as part of the new US-EU Trade and Technology Council (TTC).

The US-EU Trade and Technology Council launched in June as part of efforts to ensure sensitive technologies are not misused and cyber attacks can be prevented. At the time, the council agreed to create 10 working groups focused on addressing various technological and trade issues.

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Source: ZDNet