Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

U.S. and EU to launch first-of-its-kind AI agreement

Published 01/27/2023, 11:11 AM
Updated 01/27/2023, 05:22 PM
© Reuters. A security guard walks near EU and U.S. flags, before the EU-US summit, in Brussels, Belgium June 15, 2021. REUTERS/Yves Herman

© Reuters. A security guard walks near EU and U.S. flags, before the EU-US summit, in Brussels, Belgium June 15, 2021. REUTERS/Yves Herman

By Suzanne Smalley

WASHINGTON (Reuters) -The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric grid.

A senior U.S. administration official, discussing the initiative shortly before the official announcement, called it the first sweeping AI agreement between the United States and Europe. Previously, agreements on the issue had been limited to specific areas such as enhancing privacy, the official said.

AI modeling, which refers to machine-learning algorithms that use data to make logical decisions, could be used to improve the speed and efficiency of government operations and services.

"The magic here is in building joint models (while) leaving data where it is," the senior administration official said. "The U.S. data stays in the U.S. and European data stays there, but we can build a model that talks to the European and the U.S. data because the more data and the more diverse data, the better the model."

The initiative will give governments greater access to more detailed and data-rich AI models, leading to more efficient emergency responses and electric grid management, and other benefits, the administration official said.

Pointing to the electric grid, the official said the United States collects data on how electricity is being used, where it is generated, and how to balance the grid's load so that weather changes do not knock it offline.

© Reuters. A security guard walks near EU and U.S. flags, before the EU-US summit, in Brussels, Belgium June 15, 2021. REUTERS/Yves Herman

Many European countries have similar data points they gather relating to their own grids, the official said. Under the new partnership all of that data would be harnessed into a common AI model that would produce better results for emergency managers, grid operators and others relying on AI to improve systems.

The partnership is currently between just the White House and the European Commission, the executive arm of the 27-member European Union. The senior administration official said other countries will be invited to join in the coming months.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.