00:00The European Commission has unveiled its digital omnibus, a proposal to cut red tape on artificial intelligence, cyber security and data, to boost innovation and competitiveness in the EU.
00:12Overall, we estimate that digital omnibus could result in at least 1 billion euros in annual savings for our businesses, public administrations and citizens.
00:23And it also would generate some 1 billion euros of one-off savings.
00:30The Commission's proposal aims to simplify the AI Act and the GDPR to key EU legislations, which respectively regulate artificial intelligence and protect data privacy.
00:40The digital omnibus also looks to simplify the reporting of cyber security incidents.
00:45In addition, it would reduce cookie banner pop-ups and allow users to indicate their cookie preferences with just one click.
00:52Nevertheless, adoption of the omnibus might not be straightforward.
00:56Many members of the European Parliament spanning the left and center have already stated their intention to oppose it.
01:02It absolutely feels like the European Commission is just bowing down for tech boroughs and their top lobbyist, Donald Trump.
01:10They are already, for years, trying to make sure we reopen the tech legislation that we have in Europe, the tech legislation that actually sets us aside,
01:20because we make sure we have safe, privacy-friendly and environmentally-friendly systems in the EU.
01:27The digital omnibus is just the first step.
01:30The European Commission has also launched the digital fitness check to identify which digital rules can be further simplified.
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