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EU-US draft Terminology and Taxonomy for artificial intelligence released The Trade and Technology Council has published a significant document called the "Draft EU-US Terminology and Taxonomy for Artificial Intelligence." This publication marks a crucial milestone in establishing a common understanding of AI systems between the European Union and the United States. The identified terms in this draft reflect a shared understanding of the technical, socio-technical, and values-based aspects of AI. They are designed to lay the groundwork for future definitions and facilitate transatlantic collaboration on AI terminology and taxonomy. It's important to note that this list is preliminary and is expected to evolve further. In the coming months, experts and stakeholders will provide their input to expand and validate the terminology. This collaborative effort ensures a comprehensive and inclusive approach to defining AI concepts. #AITerminology#AITaxonomy#TransatlanticCooperation#AI#Law