EU Removes AI, Chips, and Quantum from Industrial Accelerator Act Aimed at Countering China

Summary

A leaked draft of the European Union's Industrial Accelerator Act (IAA) reveals that cutting-edge technology sectors including artificial intelligence, semiconductors, quantum computing, biotechnology, and robotics have been stripped from the legislation ahead of its official unveiling. The IAA is designed to promote local EU industries at the expense of competing companies from outside the bloc, and while China is only directly mentioned twice in the 93-page document, the act is widely viewed a