{"id":1128,"date":"2022-09-17T10:09:00","date_gmt":"2022-09-17T10:09:00","guid":{"rendered":"https:\/\/a3space.org\/?p=1128"},"modified":"2024-07-01T11:09:39","modified_gmt":"2024-07-01T11:09:39","slug":"the-europeanai-newsletter","status":"publish","type":"post","link":"https:\/\/a3space.org\/en\/the-europeanai-newsletter\/","title":{"rendered":"The EuropeanAI Newsletter"},"content":{"rendered":"

Welcome to\u00a0the EuropeanAI Newsletter covering the European AI and technology ecosystem.\u00a0If you want to catch up on the archives, they’re available here<\/a>.<\/p>\n

The European Commission set up a virtual space for interested parties<\/a> to engage with and shape the EU and US discussions in the Trade and Technology Council together. In this newsletter, we cover the potential interaction between the proposed regulation on foreign subsidies and agreements within the Trade and Technology Council\u2019s work streams.<\/p>\n

The European Commission is also running a tender in correlation to the Digital Services Act<\/a> and the Digital Markets Act<\/a> for which it is commissioning a foresight process related to these regulatory\u00a0interventions for online platforms.<\/p>\n

Other key topics to keep an eye on are AI regulatory sandboxes, as defined in the AI Act. They are currently being discussed in the European Parliament, both in light of their interaction with general purpose AI systems, with an eye towards increasing legal certainty and fostering innovation. We\u2019ve previously covered AI sandboxes and testing environments in this newsletter<\/a>.<\/p>\n

Policy, Strategy and Regulation<\/h1>\n

The EU’s new foreign subsidies framework and its potential implications for chips manufacturing<\/h4>\n

The Council of the European Union and the European Parliament\u00a0reached a provisional political agreement on the regulation on foreign subsidies distorting the internal market. The agreement<\/a> paves the way to the adoption of the regulation into effective law, which is subject to final approvals by the Council and the European Parliament.<\/p>\n

What is it?<\/strong><\/p>\n

The regulation institutes a regime for oversight of state subsidized investments and economic activities of companies in the EU. These state subsidies may take various forms, such as grants, loans, capital injections, tax incentives, or exclusive rights. All companies operating within the Single Market are captured by this proposal, whether they are state-owned and private, based inside or outside of the EU.<\/p>\n

The aim is to screen for and preempt the direct distortative or spillover effects of state aid to those companies, instigated by non-EU countries.<\/p>\n