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Many challenges are ahead for the EU’s digital and innovation policy in the next five years. Although there are signs that the European tech ecosystem is slowly but steadily catching up, the EU is still lagging behind the US (and now also China) in tech-related measures, be it investment in AI start-ups, adoption of new business models, data usage or market valuations of technology companies. The EU will need to considerably improve the framework conditions for its start-ups and its digitalisation of old industries to counter these trends.
At the same time the EU will need to find a new balance between the power of large online platforms and the protection of European values and public goods. Today’s tech giants not only organise global information flows, but also increasingly govern the European public sphere and use their market dominance to the detriment of competitors and smaller businesses.
This series is a cooperation between the Jacques Delors Institutes in Berlin and Paris and makes concrete proposals for the EU’s next institutional cycle. The views expressed are those of the author(s) and do not necessarily reflect those of the publisher.