US proposes AI partnership with EU on regulation and semiconductor supply chains

The United States has proposed that the European Union sign on to an artificial intelligence partnership as part of an effort to create an alliance to secure supply chains for semiconductors as competition with China intensifies, Bloomberg reported June 25. A draft statement seen by the news outlet says, Recognizing the critical importance of the physical backbone for artificial intelligence from critical minerals and energy to computer and semiconductor manufacturing we share the view that the future of AI should be built on a foundation of trusted collaboration, economic security, innovation, and fair competition. The proposal covers both regulation and supply chain issues, according to the article.