The EU-US TTC serves as a forumfor the United States and the European Union to coordinate approaches to key global trade and technology issues and to deepen transatlantic cooperation in this realm based on shared democratic values. It was established on 15 June 2021 in Brussels.
In the margins of the TTC, a stakeholder panel “Perspectives on large AI models” brought together EU and US representatives, including secretary of State Anthony Blinken and European Commission Executive Vice-President Margrethe Vestager and stakeholders representing industry, academia, and civil society. The stakeholder event organised on 31 May in Luleå, Sweden, focused on large artificial intelligence models following the recently witnessed acceleration of generative AI.
The panel explored some of the impacts of generative Artificial Intelligence (AI) and the possible policy responses to address the phenomenal speed at which it is being deployed, as well as EU-US cooperation on the matter. Panellists recognised the transformational impact of AI on the economy but also more broadly on society and the benefits but also the risks AI can generate. The technological progress and innovation in the domain is exponential and a debate on the possible regulatory response took place. The EU and the US called for more international cooperation and a faster global approach to AI.