The European Commission is assessing export controls on AI and semiconductor technologies due to their potential risk, technologically and for human rights violations. Four focal areas for risk assessment are AI, advanced semiconductors, quantum technologies and biotechnologies, influenced by their transformative nature and potential for civil/military fusion.
Search Results for: Thierry Breton
EU’s Data Act: A Double-Edged Sword for Blockchain and DeFi?
The European Union’s Data Act introduces regulations that could reshape the digital landscape, causing concern among blockchain experts due to provisions like a “kill switch” for smart contracts. This could have unforeseen consequences due to a lack of clarity on safe termination conditions, creating uncertainty in the world of blockchain and decentralized finance (DeFi).
The Dawn of Web 4.0: Europe’s Grand Plan to Dominate the Metaverse Despite Challenges
The European Commission anticipates ‘extended reality’ to generate 860,000 jobs by 2025, focusing on creating virtual worlds. While most innovation is happening outside Europe, the commission plans to make Europe a “world leader” in Web 4.0 and the Metaverse, despite challenges and lack of tech giants.
Navigating the Metaverse: EU’s Blueprint, Potential Rewards and Imminent Legal Obstacles
In outlining plans for the metaverse, the European Commission expressed optimism for Europe’s potential to lead the technological transition. Predicted worth for global virtual worlds, likely backed by blockchain, could reach 800 billion euros by 2030. However, concerns have been raised regarding aspects such as legal status of avatars, copyright protection, and managing virtual crime. EU legislator Axel Voss also has called for an overhaul of existing laws like the General Data Protection Regulation.