First US-EU Tech Meeting to Focus on Chips, AI, Competition
- September 28, 2021
- Posted by: Quatro Strategies
- Category: Legislation
The United States and the European Union will meet for the first Trade and Tech Council (TTC) this week to discuss chip shortages, artificial intelligence (AI) and tech competition. The US and the EU also plan to take a more unified approach in limiting the market power of Big Tech.
The meeting will be in Pittsburgh on Sept. 29 with U.S. Secretary of State Antony Blinken, Secretary of Commerce Gina Raimondo, Trade Representative Katherine Tai, EU trade chief Valdis Dombrovskis and European Commissioner for Competition Margrethe Vestager in attendance.
US administration officials said they would discuss issues and recommendations with their European counterparts on two EU legislative proposals, the Digital Markets Act and the Digital Services Act. The legislations offer a framework to better regulate the tech sector.
The US tech lobby groups suggest that the US shouldn’t take the European approach to digital regulation, saying it would “skewer American big tech companies”.
The U.S. Chamber of Commerce also commented that TTC’s actions should not target businesses headquartered in the other party through law and regulations.
Semiconductor shortages that hurt automakers will also be one of the central issues of the meeting, along with AI technologies that enhances privacy.
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