1 00:00:00,420 --> 00:00:07,800 [Music] 2 00:00:07,800 --> 00:00:09,800 [Applause] 3 00:00:09,800 --> 00:00:15,560 [Music] 4 00:00:18,220 --> 00:00:21,579 [Music] 5 00:00:28,840 --> 00:00:31,840 uh 6 00:00:33,360 --> 00:00:36,800 all right welcome everybody hello uh my 7 00:00:36,800 --> 00:00:38,320 name is tyson barker and i want to 8 00:00:38,320 --> 00:00:40,239 welcome you guys to the 9 00:00:40,239 --> 00:00:41,920 growing the digital economy in central 10 00:00:41,920 --> 00:00:43,440 and eastern europe 11 00:00:43,440 --> 00:00:46,239 session i am delighted to have such a 12 00:00:46,239 --> 00:00:47,120 group 13 00:00:47,120 --> 00:00:48,719 an extremely impressive group of 14 00:00:48,719 --> 00:00:51,600 panelists to discuss this today 15 00:00:51,600 --> 00:00:53,360 because i live in germany i work at the 16 00:00:53,360 --> 00:00:54,960 german council on foreign relations we 17 00:00:54,960 --> 00:00:57,520 talk a lot about digitization in germany 18 00:00:57,520 --> 00:00:59,680 we talk a lot about it in brussels but i 19 00:00:59,680 --> 00:01:01,280 think we are missing a lot of the 20 00:01:01,280 --> 00:01:03,039 perspective from this region 21 00:01:03,039 --> 00:01:04,640 and we have some excellent speakers 22 00:01:04,640 --> 00:01:06,640 today to tackle this 23 00:01:06,640 --> 00:01:08,080 i think everybody is aware that for the 24 00:01:08,080 --> 00:01:10,000 european commission right now 25 00:01:10,000 --> 00:01:12,240 digitization is a very high priority one 26 00:01:12,240 --> 00:01:14,479 of the top two priorities in fact 27 00:01:14,479 --> 00:01:16,799 uh and president usually lion declared 28 00:01:16,799 --> 00:01:19,360 this the digital decade 29 00:01:19,360 --> 00:01:21,200 the commission itself has released 30 00:01:21,200 --> 00:01:23,759 something called the digital compass 31 00:01:23,759 --> 00:01:27,119 which had four points as compasses do 32 00:01:27,119 --> 00:01:30,400 and basically outlined you know what 33 00:01:30,400 --> 00:01:32,000 or excuse me what europe would like to 34 00:01:32,000 --> 00:01:34,720 see happen in the next 10 years and 35 00:01:34,720 --> 00:01:37,600 and those points are digitally 36 00:01:37,600 --> 00:01:38,720 increasing a digitally skilled 37 00:01:38,720 --> 00:01:40,560 population and a highly skilled 38 00:01:40,560 --> 00:01:43,920 digital professional workforce uh secure 39 00:01:43,920 --> 00:01:45,840 and substantial digital infrastructure 40 00:01:45,840 --> 00:01:48,079 is the second the third is digital 41 00:01:48,079 --> 00:01:49,840 transformation of business 42 00:01:49,840 --> 00:01:52,479 and the fourth is digitization of public 43 00:01:52,479 --> 00:01:54,399 sector and of course you have to put 44 00:01:54,399 --> 00:01:56,000 your money where your mouth is and 45 00:01:56,000 --> 00:01:57,759 in this case with the european recovery 46 00:01:57,759 --> 00:02:00,079 package uh europe is planning to do just 47 00:02:00,079 --> 00:02:00,799 that 48 00:02:00,799 --> 00:02:04,079 donating or dedicating 20 of 49 00:02:04,079 --> 00:02:07,920 the uh 750 billion uh dollar european or 50 00:02:07,920 --> 00:02:09,440 euro excuse me euro 51 00:02:09,440 --> 00:02:11,680 european recovery package to this to 52 00:02:11,680 --> 00:02:12,560 this goal 53 00:02:12,560 --> 00:02:13,599 so what we're going to do in this 54 00:02:13,599 --> 00:02:15,840 session is really discuss what this 55 00:02:15,840 --> 00:02:16,800 means and how 56 00:02:16,800 --> 00:02:19,120 central europe plans to play a role in 57 00:02:19,120 --> 00:02:20,720 this digital decade and we have five 58 00:02:20,720 --> 00:02:22,800 excellent panelists with us today 59 00:02:22,800 --> 00:02:25,760 the first is veronica rimsova who is the 60 00:02:25,760 --> 00:02:26,400 deputy 61 00:02:26,400 --> 00:02:28,080 prime minister of slovakia for 62 00:02:28,080 --> 00:02:29,560 investment in infamous 63 00:02:29,560 --> 00:02:31,200 informationalization 64 00:02:31,200 --> 00:02:32,959 she is a member of the slovakian 65 00:02:32,959 --> 00:02:35,120 parliament and has worked for 66 00:02:35,120 --> 00:02:36,879 the european commission prior to that 67 00:02:36,879 --> 00:02:38,879 for 10 years so welcome 68 00:02:38,879 --> 00:02:41,840 miss deputy prime minister thank you 69 00:02:41,840 --> 00:02:42,480 thank you 70 00:02:42,480 --> 00:02:46,800 hello second joining us remotely is 71 00:02:46,800 --> 00:02:49,680 andres soot who is the minister for 72 00:02:49,680 --> 00:02:51,360 entrepreneurship and information 73 00:02:51,360 --> 00:02:52,239 technology 74 00:02:52,239 --> 00:02:54,239 of the republic of estonia which is a 75 00:02:54,239 --> 00:02:56,160 role he has held since january 76 00:02:56,160 --> 00:02:58,640 2021 and he has been a member of 77 00:02:58,640 --> 00:02:59,280 parliament 78 00:02:59,280 --> 00:03:02,640 since 2019. prior to that he had a long 79 00:03:02,640 --> 00:03:05,040 career in banking he was 17 years at the 80 00:03:05,040 --> 00:03:05,760 bank 81 00:03:05,760 --> 00:03:08,239 of estonia including the deputy governor 82 00:03:08,239 --> 00:03:09,680 of the bank responsible for 83 00:03:09,680 --> 00:03:12,239 financial stability and he also worked 84 00:03:12,239 --> 00:03:14,239 for the european stability mechanism 85 00:03:14,239 --> 00:03:17,840 so welcome mr minister sut 86 00:03:17,840 --> 00:03:20,640 pleasure to be here 87 00:03:21,360 --> 00:03:24,480 third we have bastian koritnik who is 88 00:03:24,480 --> 00:03:26,560 the minister of public administration 89 00:03:26,560 --> 00:03:29,120 for the republic of slovenia he is a 90 00:03:29,120 --> 00:03:30,319 former journalist an 91 00:03:30,319 --> 00:03:32,879 editor a lawyer a former teacher and 92 00:03:32,879 --> 00:03:34,560 perhaps most interestingly for this 93 00:03:34,560 --> 00:03:35,120 panel 94 00:03:35,120 --> 00:03:37,519 a founder and of course he will give us 95 00:03:37,519 --> 00:03:39,040 some insight into the 96 00:03:39,040 --> 00:03:40,959 slovenian eu presidency which is 97 00:03:40,959 --> 00:03:43,040 upcoming welcome mr minister thank you 98 00:03:43,040 --> 00:03:46,320 for being here 99 00:03:46,320 --> 00:03:47,840 [Applause] 100 00:03:47,840 --> 00:03:50,239 fourth we have uh michael froman who is 101 00:03:50,239 --> 00:03:52,080 the vice chairman and president 102 00:03:52,080 --> 00:03:54,400 of strategic growth executive 103 00:03:54,400 --> 00:03:55,360 initiatives 104 00:03:55,360 --> 00:03:58,239 for mastercard and i think well known to 105 00:03:58,239 --> 00:03:59,760 many people in this room 106 00:03:59,760 --> 00:04:02,400 serving in the obama administration from 107 00:04:02,400 --> 00:04:04,000 2013 to 2017 108 00:04:04,000 --> 00:04:06,959 as the u.s trade representative being 109 00:04:06,959 --> 00:04:08,879 president obama's principal advisor on 110 00:04:08,879 --> 00:04:10,400 trade and investment issues 111 00:04:10,400 --> 00:04:11,760 and prior to that worked in the white 112 00:04:11,760 --> 00:04:14,000 house as deputy national security 113 00:04:14,000 --> 00:04:16,079 advisor for international economic 114 00:04:16,079 --> 00:04:17,120 affairs welcome 115 00:04:17,120 --> 00:04:22,000 uh ambassador frohman thanks very much 116 00:04:22,000 --> 00:04:24,160 and finally we have uh jeff bullwinkle 117 00:04:24,160 --> 00:04:26,240 who is the associate general counsel and 118 00:04:26,240 --> 00:04:27,600 director of corporate 119 00:04:27,600 --> 00:04:30,240 external and legal affairs at microsoft 120 00:04:30,240 --> 00:04:31,440 and i think he is something of a 121 00:04:31,440 --> 00:04:33,919 microsoft lifer he's been there for 18 122 00:04:33,919 --> 00:04:34,720 years 123 00:04:34,720 --> 00:04:37,120 uh serving in the asia pacific before 124 00:04:37,120 --> 00:04:38,400 coming to europe 125 00:04:38,400 --> 00:04:40,240 and i think knows you're pretty inside 126 00:04:40,240 --> 00:04:41,440 and out like me 127 00:04:41,440 --> 00:04:44,160 an american working here explaining the 128 00:04:44,160 --> 00:04:44,560 us 129 00:04:44,560 --> 00:04:46,400 and the u.s digital landscape to 130 00:04:46,400 --> 00:04:48,160 europeans and the european digital 131 00:04:48,160 --> 00:04:49,680 landscape to americans 132 00:04:49,680 --> 00:04:53,280 welcome jeff thank you for coming 133 00:04:55,040 --> 00:04:56,880 all right so i want to jump right into 134 00:04:56,880 --> 00:04:58,479 this with a question for 135 00:04:58,479 --> 00:05:00,639 uh the deputy prime minister uh you know 136 00:05:00,639 --> 00:05:01,520 one of the things we 137 00:05:01,520 --> 00:05:03,600 i mentioned was this idea of this 138 00:05:03,600 --> 00:05:05,280 european recovery package 139 00:05:05,280 --> 00:05:08,400 um how is the region how is central and 140 00:05:08,400 --> 00:05:10,080 eastern europe playing into this 141 00:05:10,080 --> 00:05:12,639 what would what would you as uh deputy 142 00:05:12,639 --> 00:05:13,360 prime minister 143 00:05:13,360 --> 00:05:15,280 and central europe like to see come out 144 00:05:15,280 --> 00:05:17,360 of this european recovery package for 145 00:05:17,360 --> 00:05:19,360 digitization 146 00:05:19,360 --> 00:05:22,880 thank you very much uh as we emerge from 147 00:05:22,880 --> 00:05:26,479 covid19 global downturn 148 00:05:26,479 --> 00:05:30,240 we see that rapid recovery boosts are 149 00:05:30,240 --> 00:05:31,600 needed to stabilize 150 00:05:31,600 --> 00:05:35,520 our economic growth and employment 151 00:05:35,520 --> 00:05:37,680 and this can be carried out by a 152 00:05:37,680 --> 00:05:38,639 large-scale 153 00:05:38,639 --> 00:05:42,080 investment in slovakia the circumstances 154 00:05:42,080 --> 00:05:43,520 have been very difficult during the 155 00:05:43,520 --> 00:05:44,320 crisis 156 00:05:44,320 --> 00:05:47,440 and during the crisis we saw that 157 00:05:47,440 --> 00:05:51,199 digital technologies are very essential 158 00:05:51,199 --> 00:05:54,320 in responding to the worldwide crisis we 159 00:05:54,320 --> 00:05:56,639 can speak about education 160 00:05:56,639 --> 00:06:00,080 flexible homework and so on uh 161 00:06:00,080 --> 00:06:03,120 now we are facing the unique opportunity 162 00:06:03,120 --> 00:06:04,800 thanks to the support of the europe 163 00:06:04,800 --> 00:06:06,880 european recovery and resilience 164 00:06:06,880 --> 00:06:08,080 facility 165 00:06:08,080 --> 00:06:10,400 to come out from the biggest challenge 166 00:06:10,400 --> 00:06:11,440 of the 21st 167 00:06:11,440 --> 00:06:15,039 century much stronger and in fact 168 00:06:15,039 --> 00:06:19,120 more competitive the european union has 169 00:06:19,120 --> 00:06:20,160 encouraged 170 00:06:20,160 --> 00:06:22,479 member states to reflect the importance 171 00:06:22,479 --> 00:06:23,280 of 172 00:06:23,280 --> 00:06:25,919 technology solutions of digitalization 173 00:06:25,919 --> 00:06:26,479 trends 174 00:06:26,479 --> 00:06:28,960 in their national menus and slovakia in 175 00:06:28,960 --> 00:06:30,400 slovakia 176 00:06:30,400 --> 00:06:34,240 we prepare a strong digital package 177 00:06:34,240 --> 00:06:38,080 component of the recovery plan 178 00:06:38,080 --> 00:06:41,039 which will bring positive impact on our 179 00:06:41,039 --> 00:06:41,919 society 180 00:06:41,919 --> 00:06:44,639 lifestyle work opportunities as well as 181 00:06:44,639 --> 00:06:46,840 environment 182 00:06:46,840 --> 00:06:51,840 so we placed the digital components 183 00:06:51,840 --> 00:06:54,960 really in the core of our our 184 00:06:54,960 --> 00:06:58,240 recovery plan and uh 185 00:06:58,240 --> 00:07:00,080 our digital computer component is 186 00:07:00,080 --> 00:07:01,360 focusing on four 187 00:07:01,360 --> 00:07:03,759 areas the first one is digital 188 00:07:03,759 --> 00:07:04,720 infrastructure 189 00:07:04,720 --> 00:07:08,000 so to improve digital infrastructure and 190 00:07:08,000 --> 00:07:09,759 connectivity 191 00:07:09,759 --> 00:07:12,880 digital public services cyber security 192 00:07:12,880 --> 00:07:14,080 of course 193 00:07:14,080 --> 00:07:16,720 and this is the transformation of small 194 00:07:16,720 --> 00:07:17,199 and 195 00:07:17,199 --> 00:07:20,400 medium-sized businesses uh 196 00:07:20,400 --> 00:07:22,639 while deploying top digital solutions 197 00:07:22,639 --> 00:07:24,639 across the country 198 00:07:24,639 --> 00:07:28,080 uh the key elements of our reform 199 00:07:28,080 --> 00:07:31,280 are digital economy innovation bringing 200 00:07:31,280 --> 00:07:32,880 notable added value to digital 201 00:07:32,880 --> 00:07:35,199 competitiveness of slovakia 202 00:07:35,199 --> 00:07:38,800 and most important most important 203 00:07:38,800 --> 00:07:43,280 investments will target two domains 204 00:07:43,280 --> 00:07:45,360 we specifically will invest into 205 00:07:45,360 --> 00:07:47,520 increasing our participation in 206 00:07:47,520 --> 00:07:49,360 multi-country projects so we want to 207 00:07:49,360 --> 00:07:50,960 cooperate with other 208 00:07:50,960 --> 00:07:53,759 european and regional partners of the 209 00:07:53,759 --> 00:07:55,280 european union 210 00:07:55,280 --> 00:07:58,160 and to create subsidy schemes to support 211 00:07:58,160 --> 00:08:00,639 a project that develops and implement 212 00:08:00,639 --> 00:08:03,759 top digital technologies 213 00:08:03,759 --> 00:08:05,680 i'm convinced that slovakia will be 214 00:08:05,680 --> 00:08:07,680 reliable partner in terms of 215 00:08:07,680 --> 00:08:11,759 building a stronger europe as far as 216 00:08:11,759 --> 00:08:14,400 the pantemia is concerned kovit 19 217 00:08:14,400 --> 00:08:16,000 pushed 218 00:08:16,000 --> 00:08:19,199 digitization everywhere and 219 00:08:19,199 --> 00:08:22,080 on the national level what we need now 220 00:08:22,080 --> 00:08:23,199 is the 221 00:08:23,199 --> 00:08:26,080 right government action to accelerate 222 00:08:26,080 --> 00:08:27,520 productivity 223 00:08:27,520 --> 00:08:30,400 digitize across all sectors of the 224 00:08:30,400 --> 00:08:34,000 economy and encourage innovation 225 00:08:34,000 --> 00:08:36,320 the central investment in this area is 226 00:08:36,320 --> 00:08:38,719 the subsidy schemes we are creating to 227 00:08:38,719 --> 00:08:39,360 support 228 00:08:39,360 --> 00:08:42,479 research development application of top 229 00:08:42,479 --> 00:08:45,360 digital technologies with the use of 230 00:08:45,360 --> 00:08:46,800 public and business sector and 231 00:08:46,800 --> 00:08:47,680 scientific 232 00:08:47,680 --> 00:08:50,880 research institutions the 233 00:08:50,880 --> 00:08:52,560 technologies that we will support 234 00:08:52,560 --> 00:08:54,480 willing include mainly 235 00:08:54,480 --> 00:08:56,640 high performance computing quantum 236 00:08:56,640 --> 00:08:57,600 technologies 237 00:08:57,600 --> 00:09:00,880 uh artificial intelligence internet of 238 00:09:00,880 --> 00:09:02,320 things and many other 239 00:09:02,320 --> 00:09:05,440 advanced technology and this scheme 240 00:09:05,440 --> 00:09:07,839 also will be the tool to co-finance 241 00:09:07,839 --> 00:09:09,760 projects successful in the european 242 00:09:09,760 --> 00:09:10,720 union 243 00:09:10,720 --> 00:09:13,120 uh directly manage programs such as 244 00:09:13,120 --> 00:09:15,440 horizon digital europe or connecting 245 00:09:15,440 --> 00:09:17,440 europe facility and to 246 00:09:17,440 --> 00:09:20,480 to bring in a national investment so 247 00:09:20,480 --> 00:09:22,959 these are the main plans for 248 00:09:22,959 --> 00:09:26,480 a digital component uh in slovakia 249 00:09:26,480 --> 00:09:29,760 and uh i hope that we can 250 00:09:29,760 --> 00:09:33,120 we can achieve uh real progress in 251 00:09:33,120 --> 00:09:35,360 digital transformation of slovakia 252 00:09:35,360 --> 00:09:38,480 in i would say a few years thank you so 253 00:09:38,480 --> 00:09:40,000 much uh madame prime uh 254 00:09:40,000 --> 00:09:43,440 deputy prime minister uh minister 255 00:09:43,440 --> 00:09:45,519 uh the deputy prime minister mentioned a 256 00:09:45,519 --> 00:09:46,640 lot of different 257 00:09:46,640 --> 00:09:48,560 uh initiatives and you know coming from 258 00:09:48,560 --> 00:09:50,000 germany watching some of the other 259 00:09:50,000 --> 00:09:51,200 countries in the eu 260 00:09:51,200 --> 00:09:52,959 you hear about a lot of these kind of 261 00:09:52,959 --> 00:09:54,720 initiatives but how 262 00:09:54,720 --> 00:09:57,600 are smaller countries including yours in 263 00:09:57,600 --> 00:09:59,680 estonia making sure that they are 264 00:09:59,680 --> 00:10:01,680 embedded in an integrated process that 265 00:10:01,680 --> 00:10:02,800 they are dealing with 266 00:10:02,800 --> 00:10:04,720 multi-country projects and that this 267 00:10:04,720 --> 00:10:05,920 moment of let's say 268 00:10:05,920 --> 00:10:08,240 tech industrial policy doesn't end up 269 00:10:08,240 --> 00:10:11,440 being nationally based 270 00:10:12,720 --> 00:10:15,920 this is a very right angle i think if we 271 00:10:15,920 --> 00:10:16,800 collectively 272 00:10:16,800 --> 00:10:19,279 in europe want to succeed when you 273 00:10:19,279 --> 00:10:20,480 really need to work 274 00:10:20,480 --> 00:10:23,600 but we have a shared one single market 275 00:10:23,600 --> 00:10:26,800 including in digital domain 276 00:10:26,800 --> 00:10:29,200 and if anything what kovid has 277 00:10:29,200 --> 00:10:30,959 demonstrated 278 00:10:30,959 --> 00:10:34,000 we certainly are facing 279 00:10:34,000 --> 00:10:37,680 the most digital year and a half 280 00:10:37,680 --> 00:10:39,839 in in terms of uh i mean throughout the 281 00:10:39,839 --> 00:10:40,800 society 282 00:10:40,800 --> 00:10:43,120 and i think there are a couple of uh 283 00:10:43,120 --> 00:10:44,160 areas where we 284 00:10:44,160 --> 00:10:46,720 we really need to to work upon one 285 00:10:46,720 --> 00:10:47,600 relates to 286 00:10:47,600 --> 00:10:50,800 digital skill set because in estonia we 287 00:10:50,800 --> 00:10:52,079 have already 99 288 00:10:52,079 --> 00:10:54,320 of the public services available uh 289 00:10:54,320 --> 00:10:55,440 online 290 00:10:55,440 --> 00:10:58,640 and so it's it's really a matter of 291 00:10:58,640 --> 00:11:01,360 of access to these services making all 292 00:11:01,360 --> 00:11:03,200 people educated and 293 00:11:03,200 --> 00:11:04,320 even though we have that high 294 00:11:04,320 --> 00:11:07,279 penetration rate we still 295 00:11:07,279 --> 00:11:10,800 have a digital uh skills cap we we need 296 00:11:10,800 --> 00:11:11,680 to close 297 00:11:11,680 --> 00:11:13,839 so we're still 10 15 percent of people 298 00:11:13,839 --> 00:11:16,240 who who for a reason or another 299 00:11:16,240 --> 00:11:19,200 are not the best friends with with a 300 00:11:19,200 --> 00:11:20,399 digital world 301 00:11:20,399 --> 00:11:22,880 so this is where we we see a lot of work 302 00:11:22,880 --> 00:11:23,680 ahead 303 00:11:23,680 --> 00:11:26,839 uh also if we look at the corporate side 304 00:11:26,839 --> 00:11:30,480 when the digitalization is part of 305 00:11:30,480 --> 00:11:35,600 our integral part of a free main 306 00:11:35,600 --> 00:11:38,079 global trends if we talk about digital 307 00:11:38,079 --> 00:11:39,519 digitalization 308 00:11:39,519 --> 00:11:42,079 green transition and also the innovation 309 00:11:42,079 --> 00:11:42,720 drive 310 00:11:42,720 --> 00:11:46,079 and what we push here very strongly is 311 00:11:46,079 --> 00:11:48,480 is really to uh to improve a 312 00:11:48,480 --> 00:11:50,560 collaboration between 313 00:11:50,560 --> 00:11:53,120 the universities and businesses so there 314 00:11:53,120 --> 00:11:55,360 will be more research and development 315 00:11:55,360 --> 00:11:58,720 more applied research so that we can 316 00:11:58,720 --> 00:12:02,000 actually move up the value chain and and 317 00:12:02,000 --> 00:12:03,200 again here i think 318 00:12:03,200 --> 00:12:05,920 the size of the individual country it it 319 00:12:05,920 --> 00:12:07,680 does matter but 320 00:12:07,680 --> 00:12:10,480 but i come back to uh to what i said in 321 00:12:10,480 --> 00:12:11,760 the beginning 322 00:12:11,760 --> 00:12:14,720 we really need to make sure that that 323 00:12:14,720 --> 00:12:15,440 europe 324 00:12:15,440 --> 00:12:18,480 as a whole is functioning without the 325 00:12:18,480 --> 00:12:19,519 borders 326 00:12:19,519 --> 00:12:22,639 uh and relatedly i think uh also deputy 327 00:12:22,639 --> 00:12:24,160 prime minister may mention cyber 328 00:12:24,160 --> 00:12:25,279 security 329 00:12:25,279 --> 00:12:27,839 if we look uh on the amount of funding 330 00:12:27,839 --> 00:12:29,519 uh what we 331 00:12:29,519 --> 00:12:32,560 get into the digital domain uh in in 332 00:12:32,560 --> 00:12:33,200 europe 333 00:12:33,200 --> 00:12:36,079 through different european funds which 334 00:12:36,079 --> 00:12:38,160 is about 130 billion 335 00:12:38,160 --> 00:12:41,120 and this and then we top it up with a 336 00:12:41,120 --> 00:12:42,079 private investment 337 00:12:42,079 --> 00:12:45,600 it's obvious we need heavy uh investment 338 00:12:45,600 --> 00:12:46,320 in 339 00:12:46,320 --> 00:12:49,200 in cyber security otherwise we develop 340 00:12:49,200 --> 00:12:50,480 new services 341 00:12:50,480 --> 00:12:52,959 new products becoming increasingly more 342 00:12:52,959 --> 00:12:53,680 digital 343 00:12:53,680 --> 00:12:56,079 but if we don't top up the investment in 344 00:12:56,079 --> 00:12:57,839 cyber security we will also become 345 00:12:57,839 --> 00:13:00,000 increasingly vulnerable and we see 346 00:13:00,000 --> 00:13:03,600 a fairly rapid rise of of 347 00:13:03,600 --> 00:13:05,360 different type of cyber attacks which 348 00:13:05,360 --> 00:13:07,760 are becoming increasingly sophisticated 349 00:13:07,760 --> 00:13:10,000 uh targeting both public and private 350 00:13:10,000 --> 00:13:11,040 private companies 351 00:13:11,040 --> 00:13:12,800 so these are i think uh important 352 00:13:12,800 --> 00:13:14,560 domains where we we need to 353 00:13:14,560 --> 00:13:17,839 to continue the work before i move on to 354 00:13:17,839 --> 00:13:19,519 uh minister kurt nick 355 00:13:19,519 --> 00:13:22,639 uh minister you mentioned the the 356 00:13:22,639 --> 00:13:25,200 issue of cross-border markets and making 357 00:13:25,200 --> 00:13:26,639 sure that the digital single market is 358 00:13:26,639 --> 00:13:27,360 complete 359 00:13:27,360 --> 00:13:28,880 what grade would you give the digital 360 00:13:28,880 --> 00:13:30,639 signal market in its completion right 361 00:13:30,639 --> 00:13:32,880 now 362 00:13:33,440 --> 00:13:36,320 do you see it is coming we are still i 363 00:13:36,320 --> 00:13:37,839 mean i think we are still fragmented 364 00:13:37,839 --> 00:13:39,519 i mean that's that's obvious i wouldn't 365 00:13:39,519 --> 00:13:41,920 put a specific uh percentage in it but i 366 00:13:41,920 --> 00:13:42,800 mean if you 367 00:13:42,800 --> 00:13:45,360 if you look on the digital services uh 368 00:13:45,360 --> 00:13:46,240 what could be 369 00:13:46,240 --> 00:13:49,600 uh applied across the union 370 00:13:49,600 --> 00:13:52,079 i mean we are not we are not that far 371 00:13:52,079 --> 00:13:53,680 yet and also i think it's 372 00:13:53,680 --> 00:13:56,000 very uneven across the member states 373 00:13:56,000 --> 00:13:57,360 what is the number 374 00:13:57,360 --> 00:13:59,760 of uh digital services available either 375 00:13:59,760 --> 00:14:01,440 in a public domain or in a private 376 00:14:01,440 --> 00:14:02,160 domain 377 00:14:02,160 --> 00:14:04,480 but i think what is really important is 378 00:14:04,480 --> 00:14:07,440 the interoperability of a different 379 00:14:07,440 --> 00:14:09,519 public services so if i'm a citizen of 380 00:14:09,519 --> 00:14:10,480 estonia 381 00:14:10,480 --> 00:14:13,760 we have the secure eid so i would have 382 00:14:13,760 --> 00:14:16,000 an access to public services which are 383 00:14:16,000 --> 00:14:16,800 digital in 384 00:14:16,800 --> 00:14:20,000 in germany or in belgium or in uh in 385 00:14:20,000 --> 00:14:21,680 in slovak republic i think there is a 386 00:14:21,680 --> 00:14:23,680 huge uh 387 00:14:23,680 --> 00:14:25,920 upside in in this process if we if we 388 00:14:25,920 --> 00:14:27,120 can 389 00:14:27,120 --> 00:14:30,399 if we can advance because if we only 390 00:14:30,399 --> 00:14:31,199 develop 391 00:14:31,199 --> 00:14:33,760 our own 392 00:14:34,959 --> 00:14:38,160 states then globally we all will be 393 00:14:38,160 --> 00:14:38,959 small 394 00:14:38,959 --> 00:14:41,920 if we want to be in a leader's position 395 00:14:41,920 --> 00:14:43,680 we need to talk about half a billion 396 00:14:43,680 --> 00:14:44,079 people 397 00:14:44,079 --> 00:14:45,760 or almost half a billion people living 398 00:14:45,760 --> 00:14:47,839 in europe uh 399 00:14:47,839 --> 00:14:49,760 being the most digital uh most 400 00:14:49,760 --> 00:14:52,000 innovative uh 401 00:14:52,000 --> 00:14:55,199 and also open open for talent uh open 402 00:14:55,199 --> 00:14:55,920 for business 403 00:14:55,920 --> 00:14:57,839 i think these are important domains 404 00:14:57,839 --> 00:14:59,360 regardless of the size 405 00:14:59,360 --> 00:15:01,360 of individual country and if we look i 406 00:15:01,360 --> 00:15:03,040 mean we have seven unicorns 407 00:15:03,040 --> 00:15:06,000 in estonia none of them would actually 408 00:15:06,000 --> 00:15:07,760 be come to existence if they would have 409 00:15:07,760 --> 00:15:08,959 targeted only 410 00:15:08,959 --> 00:15:11,279 the market of estonia so with this 411 00:15:11,279 --> 00:15:12,320 global uh 412 00:15:12,320 --> 00:15:14,880 ambition and uh and again hepatitis to 413 00:15:14,880 --> 00:15:16,399 take risk i think these are important 414 00:15:16,399 --> 00:15:17,600 factors 415 00:15:17,600 --> 00:15:19,839 seven unicorns in estonia is definitely 416 00:15:19,839 --> 00:15:21,920 an enviable number for a country 417 00:15:21,920 --> 00:15:24,480 uh the size of estonia i i think all 418 00:15:24,480 --> 00:15:26,240 european even germany i think or france 419 00:15:26,240 --> 00:15:27,760 would wish they had seven unicorns 420 00:15:27,760 --> 00:15:28,560 frankly 421 00:15:28,560 --> 00:15:32,320 um minister uh koritnik uh 422 00:15:32,320 --> 00:15:34,160 slovenia is about to take over uh the 423 00:15:34,160 --> 00:15:36,720 leadership of this uh half a billion 424 00:15:36,720 --> 00:15:40,320 person block lots of consumers 425 00:15:40,320 --> 00:15:42,480 what are the european council presidency 426 00:15:42,480 --> 00:15:44,079 priorities for slovenia 427 00:15:44,079 --> 00:15:48,000 in the digital and tech space 428 00:15:49,199 --> 00:15:51,199 thank you very much for for the question 429 00:15:51,199 --> 00:15:53,040 and the opportunity to 430 00:15:53,040 --> 00:15:57,120 be here among renowned experts 431 00:15:57,120 --> 00:16:00,320 and colleagues our presidency strongly 432 00:16:00,320 --> 00:16:02,480 uh supports digitalization and digital 433 00:16:02,480 --> 00:16:04,320 transformation of the society 434 00:16:04,320 --> 00:16:06,160 and of course the development of 435 00:16:06,160 --> 00:16:08,000 advanced technologies 436 00:16:08,000 --> 00:16:10,639 uh the intensive process of digital 437 00:16:10,639 --> 00:16:12,560 transformation for companies 438 00:16:12,560 --> 00:16:14,800 to be fit for the fourth industrial 439 00:16:14,800 --> 00:16:15,759 revolution 440 00:16:15,759 --> 00:16:17,360 should support the implementation of 441 00:16:17,360 --> 00:16:19,040 advanced technologies 442 00:16:19,040 --> 00:16:22,160 artificial intelligence big data 443 00:16:22,160 --> 00:16:24,639 internet of things and of course 444 00:16:24,639 --> 00:16:26,000 blockchain 445 00:16:26,000 --> 00:16:29,199 digitalization for me is uh mere 446 00:16:29,199 --> 00:16:30,639 technology and techniques 447 00:16:30,639 --> 00:16:33,360 but digital transformation is changing 448 00:16:33,360 --> 00:16:34,399 the culture 449 00:16:34,399 --> 00:16:38,079 and embeds the digitalization if we want 450 00:16:38,079 --> 00:16:39,440 to succeed 451 00:16:39,440 --> 00:16:42,480 we should firstly build trust and 452 00:16:42,480 --> 00:16:43,680 digitization 453 00:16:43,680 --> 00:16:46,399 with a safe environment for citizens and 454 00:16:46,399 --> 00:16:47,600 businesses 455 00:16:47,600 --> 00:16:49,519 ensure the availability of digital 456 00:16:49,519 --> 00:16:51,600 infrastructure and services 457 00:16:51,600 --> 00:16:53,759 also the construction of high-speed 458 00:16:53,759 --> 00:16:55,920 broadband and 5g networks 459 00:16:55,920 --> 00:16:59,279 needs to be accelerated thirdly 460 00:16:59,279 --> 00:17:01,440 ensure accessibility of infrastructure 461 00:17:01,440 --> 00:17:03,360 and services 462 00:17:03,360 --> 00:17:06,480 enhance digital competences 463 00:17:06,480 --> 00:17:09,039 the education system needs to be adapted 464 00:17:09,039 --> 00:17:11,599 to include the comprehensive development 465 00:17:11,599 --> 00:17:14,799 of digital competences digital skills 466 00:17:14,799 --> 00:17:16,720 should also be made available to people 467 00:17:16,720 --> 00:17:18,400 in the third age people with 468 00:17:18,400 --> 00:17:19,439 disabilities 469 00:17:19,439 --> 00:17:22,000 and those who are not digitally skilled 470 00:17:22,000 --> 00:17:22,720 we should 471 00:17:22,720 --> 00:17:26,480 live like said on several occasions 472 00:17:26,480 --> 00:17:29,760 no one behind in the eu level 473 00:17:29,760 --> 00:17:31,679 we have several financial supporting 474 00:17:31,679 --> 00:17:33,280 mechanisms for implementing 475 00:17:33,280 --> 00:17:36,160 new technologies recovery and resilience 476 00:17:36,160 --> 00:17:38,240 plan is the most recent one 477 00:17:38,240 --> 00:17:41,039 and it offers several options to finance 478 00:17:41,039 --> 00:17:43,200 the technologies like 5g 479 00:17:43,200 --> 00:17:46,480 blockchain ai for instance 480 00:17:46,480 --> 00:17:48,000 slovenia is included in three 481 00:17:48,000 --> 00:17:50,880 cross-border multi-country projects 482 00:17:50,880 --> 00:17:54,080 uh one is euro cloud so european common 483 00:17:54,080 --> 00:17:56,400 data infrastructure and services 484 00:17:56,400 --> 00:17:58,080 uh european blockchain service 485 00:17:58,080 --> 00:18:00,720 infrastructure and the third is 486 00:18:00,720 --> 00:18:03,679 project on common european interest 487 00:18:03,679 --> 00:18:04,960 semiconductors 488 00:18:04,960 --> 00:18:08,400 and microchips thank you 489 00:18:08,400 --> 00:18:11,360 all right thank you mr minister uh 490 00:18:11,360 --> 00:18:13,520 ambassador froman 491 00:18:13,520 --> 00:18:14,880 the minister mentioned some some 492 00:18:14,880 --> 00:18:16,720 cross-border projects that uh 493 00:18:16,720 --> 00:18:18,559 that slovenia is currently engaged in in 494 00:18:18,559 --> 00:18:20,000 three areas that i think are of great 495 00:18:20,000 --> 00:18:21,520 interest to europe right now for its 496 00:18:21,520 --> 00:18:23,280 geostrategic competitiveness 497 00:18:23,280 --> 00:18:25,039 and its positioning for the future uh 498 00:18:25,039 --> 00:18:26,640 cloud blockchain 499 00:18:26,640 --> 00:18:29,919 and and uh semiconductors and we just 500 00:18:29,919 --> 00:18:31,120 had this week uh 501 00:18:31,120 --> 00:18:34,000 president biden make his first trip to 502 00:18:34,000 --> 00:18:34,640 uh 503 00:18:34,640 --> 00:18:37,600 to europe had a the first u.s eu summit 504 00:18:37,600 --> 00:18:40,080 since 2014 since i believe you were in 505 00:18:40,080 --> 00:18:43,120 in in office at ustr uh what is your 506 00:18:43,120 --> 00:18:44,880 assessment of how the united states can 507 00:18:44,880 --> 00:18:46,000 play a role 508 00:18:46,000 --> 00:18:48,000 in the digitization of central and 509 00:18:48,000 --> 00:18:49,919 eastern europe and also of europe 510 00:18:49,919 --> 00:18:52,000 in its in its totality and how do you 511 00:18:52,000 --> 00:18:54,000 assess the the launch of this new trade 512 00:18:54,000 --> 00:18:57,120 and tech council 513 00:18:57,120 --> 00:18:59,600 well i think it's a very positive move 514 00:18:59,600 --> 00:19:00,960 to bring 515 00:19:00,960 --> 00:19:02,880 us together across the atlantic 516 00:19:02,880 --> 00:19:05,039 like-minded countries to look at 517 00:19:05,039 --> 00:19:07,679 the issues around data and and 518 00:19:07,679 --> 00:19:08,559 technology 519 00:19:08,559 --> 00:19:11,039 and we won't agree on everything but i 520 00:19:11,039 --> 00:19:12,160 think we're actually going to be 521 00:19:12,160 --> 00:19:14,799 end up being much closer to our each 522 00:19:14,799 --> 00:19:15,919 other's perspectives 523 00:19:15,919 --> 00:19:18,720 than we are to alternative perspectives 524 00:19:18,720 --> 00:19:20,320 that are out there and so 525 00:19:20,320 --> 00:19:22,960 you saw the g7 they announced a future 526 00:19:22,960 --> 00:19:24,080 tech forum and 527 00:19:24,080 --> 00:19:26,640 as you've mentioned the us eu the 528 00:19:26,640 --> 00:19:28,160 technology council 529 00:19:28,160 --> 00:19:30,640 those are good mechanisms to really 530 00:19:30,640 --> 00:19:32,080 address these issues like 531 00:19:32,080 --> 00:19:35,440 privacy data flows sovereignty 532 00:19:35,440 --> 00:19:36,880 and making sure that we're working 533 00:19:36,880 --> 00:19:39,039 together i'd say as well 534 00:19:39,039 --> 00:19:40,480 it's not just an issue for governments 535 00:19:40,480 --> 00:19:42,160 it's an issue for the private sector 536 00:19:42,160 --> 00:19:44,799 and there's a lot of work we can do 537 00:19:44,799 --> 00:19:46,480 we're working with about 100 governments 538 00:19:46,480 --> 00:19:47,679 around the world 539 00:19:47,679 --> 00:19:49,120 including through digital country 540 00:19:49,120 --> 00:19:50,720 partnerships to 541 00:19:50,720 --> 00:19:52,720 introduce technology help them with 542 00:19:52,720 --> 00:19:54,720 their data strategies 543 00:19:54,720 --> 00:19:57,120 figure out how to benefit make sure that 544 00:19:57,120 --> 00:19:58,240 the digital 545 00:19:58,240 --> 00:20:00,160 transformation that's happening benefits 546 00:20:00,160 --> 00:20:02,000 the society particularly 547 00:20:02,000 --> 00:20:04,240 i would say small businesses who you 548 00:20:04,240 --> 00:20:05,760 know in the context of covid we all 549 00:20:05,760 --> 00:20:06,159 learn 550 00:20:06,159 --> 00:20:08,480 just how critical it is to be part of 551 00:20:08,480 --> 00:20:10,080 the digital economy whether you're an 552 00:20:10,080 --> 00:20:10,799 individual 553 00:20:10,799 --> 00:20:11,919 getting a disbursement from your 554 00:20:11,919 --> 00:20:13,840 government or a small business needing 555 00:20:13,840 --> 00:20:15,760 to stay in touch with your customers 556 00:20:15,760 --> 00:20:18,240 and suppliers and so we've been working 557 00:20:18,240 --> 00:20:18,960 with with 558 00:20:18,960 --> 00:20:20,480 governments from france the czech 559 00:20:20,480 --> 00:20:22,799 republic elsewhere 560 00:20:22,799 --> 00:20:26,159 in europe to see how to prepare 561 00:20:26,159 --> 00:20:28,960 smes for the digital economy and make 562 00:20:28,960 --> 00:20:30,240 sure they've got 563 00:20:30,240 --> 00:20:33,120 the tools the training the access 564 00:20:33,120 --> 00:20:34,960 necessary to take advantage 565 00:20:34,960 --> 00:20:36,880 of the opportunities that that provides 566 00:20:36,880 --> 00:20:39,120 so i think it's a public issue it's a 567 00:20:39,120 --> 00:20:40,880 private sector issue and really where 568 00:20:40,880 --> 00:20:42,320 public-private partnerships 569 00:20:42,320 --> 00:20:44,480 can come together to help this 570 00:20:44,480 --> 00:20:45,440 transformation 571 00:20:45,440 --> 00:20:47,280 succeed as the previous speakers 572 00:20:47,280 --> 00:20:48,720 mentioned it's going to be 573 00:20:48,720 --> 00:20:50,799 to the benefit of the european public 574 00:20:50,799 --> 00:20:53,440 and european business sector 575 00:20:53,440 --> 00:20:54,720 i mean that's definitely something that 576 00:20:54,720 --> 00:20:56,799 we saw in this this coveted time the 577 00:20:56,799 --> 00:20:58,320 great accelerator i mean there was a lot 578 00:20:58,320 --> 00:20:59,360 of adoption of 579 00:20:59,360 --> 00:21:01,760 of digital solutions by companies large 580 00:21:01,760 --> 00:21:03,120 and small 581 00:21:03,120 --> 00:21:05,120 jeff one of the goals of the digital 582 00:21:05,120 --> 00:21:06,400 compass is to have 583 00:21:06,400 --> 00:21:09,120 75 percent of european companies using 584 00:21:09,120 --> 00:21:11,280 cloud and edge technology by 585 00:21:11,280 --> 00:21:13,840 uh 2030 and of course most of those 586 00:21:13,840 --> 00:21:17,360 companies are smes we saw a major 587 00:21:17,360 --> 00:21:20,080 adoption uh acceleration boom in the 588 00:21:20,080 --> 00:21:20,720 covid 589 00:21:20,720 --> 00:21:22,159 period but there's also a lot of 590 00:21:22,159 --> 00:21:24,080 ambivalence because there was this 591 00:21:24,080 --> 00:21:26,400 idea that a lot of that adoption was to 592 00:21:26,400 --> 00:21:29,280 the benefit of non-european companies 593 00:21:29,280 --> 00:21:32,799 how can a company like microsoft 594 00:21:32,799 --> 00:21:35,760 make europe governments and publics feel 595 00:21:35,760 --> 00:21:37,360 comfortable with 596 00:21:37,360 --> 00:21:39,840 the relationship the interdependence of 597 00:21:39,840 --> 00:21:42,960 u.s and european companies on each other 598 00:21:42,960 --> 00:21:45,039 well picking up on uh michael froman's 599 00:21:45,039 --> 00:21:46,480 comment on your question 600 00:21:46,480 --> 00:21:47,919 tess i would say there has been a 601 00:21:47,919 --> 00:21:50,080 massive acceleration of technology 602 00:21:50,080 --> 00:21:52,400 adoption uh satya nadella our ceo likes 603 00:21:52,400 --> 00:21:53,440 to say that there was 604 00:21:53,440 --> 00:21:55,120 two years of innovation effectively in 605 00:21:55,120 --> 00:21:56,559 two months and that may well be 606 00:21:56,559 --> 00:21:58,480 an understatement and that i think for 607 00:21:58,480 --> 00:22:00,240 us that microsoft reinforced a couple of 608 00:22:00,240 --> 00:22:00,799 things that 609 00:22:00,799 --> 00:22:02,720 were important one really is the 610 00:22:02,720 --> 00:22:04,000 importance of digital skills 611 00:22:04,000 --> 00:22:06,320 as the deputy prime minister mentioned 612 00:22:06,320 --> 00:22:08,240 to the other ministers and so we 613 00:22:08,240 --> 00:22:09,919 did focus on that and how we could 614 00:22:09,919 --> 00:22:11,840 contribute that in that area 615 00:22:11,840 --> 00:22:14,000 about a year plus ago as the pandemic 616 00:22:14,000 --> 00:22:15,679 really began to take hold we committed 617 00:22:15,679 --> 00:22:16,000 to 618 00:22:16,000 --> 00:22:18,960 train 25 million people around the world 619 00:22:18,960 --> 00:22:20,000 within a year 620 00:22:20,000 --> 00:22:21,440 in digital skills in a variety of 621 00:22:21,440 --> 00:22:23,200 different ways focusing on 622 00:22:23,200 --> 00:22:26,640 free training materials but also reduced 623 00:22:26,640 --> 00:22:28,559 discounted certifications uh with 624 00:22:28,559 --> 00:22:30,240 microsoft technologies and i'm pleased 625 00:22:30,240 --> 00:22:30,559 that 626 00:22:30,559 --> 00:22:32,880 after about a year plus we hit 42 627 00:22:32,880 --> 00:22:33,760 million people 628 00:22:33,760 --> 00:22:36,000 actually across the world 2.3 million or 629 00:22:36,000 --> 00:22:36,799 so here 630 00:22:36,799 --> 00:22:39,120 in the region so that's one area where a 631 00:22:39,120 --> 00:22:40,720 lot has been done a lot more has to be 632 00:22:40,720 --> 00:22:42,400 done if it's going to be opportunity 633 00:22:42,400 --> 00:22:44,799 and to your point in relation to how 634 00:22:44,799 --> 00:22:46,400 technology can be used to facilitate 635 00:22:46,400 --> 00:22:47,520 growth to the european 636 00:22:47,520 --> 00:22:50,720 level we very much focused on what's top 637 00:22:50,720 --> 00:22:52,720 of mind as people embrace more cloud 638 00:22:52,720 --> 00:22:54,000 services that has been 639 00:22:54,000 --> 00:22:56,400 privacy it has been security it has been 640 00:22:56,400 --> 00:22:58,080 data sovereignty defined to mean 641 00:22:58,080 --> 00:22:59,760 different things by different people and 642 00:22:59,760 --> 00:23:01,120 that does get to this question 643 00:23:01,120 --> 00:23:02,960 of uh the position of american 644 00:23:02,960 --> 00:23:04,400 technology companies relative to 645 00:23:04,400 --> 00:23:05,600 european technology 646 00:23:05,600 --> 00:23:08,159 companies we have very much focused on 647 00:23:08,159 --> 00:23:10,080 what president ursula vonder lyon has 648 00:23:10,080 --> 00:23:10,480 said 649 00:23:10,480 --> 00:23:12,880 when she talks about the need for uh 650 00:23:12,880 --> 00:23:14,880 europe fit for the digital age and for 651 00:23:14,880 --> 00:23:16,720 us that means uh 652 00:23:16,720 --> 00:23:19,360 technology fit for europe so how do we 653 00:23:19,360 --> 00:23:20,480 facilitate growth 654 00:23:20,480 --> 00:23:22,480 and innovation within the local european 655 00:23:22,480 --> 00:23:23,679 technology 656 00:23:23,679 --> 00:23:25,919 economy one of the ways we've tried to 657 00:23:25,919 --> 00:23:27,200 do that is to respect 658 00:23:27,200 --> 00:23:29,600 european values and expectations around 659 00:23:29,600 --> 00:23:30,640 sovereignty and one of those 660 00:23:30,640 --> 00:23:32,240 expectations increasingly 661 00:23:32,240 --> 00:23:34,720 is that data remains within the european 662 00:23:34,720 --> 00:23:35,760 union 663 00:23:35,760 --> 00:23:37,760 and so just about a month ago in fact we 664 00:23:37,760 --> 00:23:39,120 announced what we call 665 00:23:39,120 --> 00:23:41,760 uh essentially an eu data boundary for 666 00:23:41,760 --> 00:23:43,120 the microsoft cloud 667 00:23:43,120 --> 00:23:44,960 which is a commitment by microsoft that 668 00:23:44,960 --> 00:23:46,640 all data is going to be stored and 669 00:23:46,640 --> 00:23:48,640 processed within the european union and 670 00:23:48,640 --> 00:23:50,080 as a technology uh 671 00:23:50,080 --> 00:23:52,080 company we are most of all platform 672 00:23:52,080 --> 00:23:53,200 provider uh 673 00:23:53,200 --> 00:23:55,200 allowing companies here in europe who 674 00:23:55,200 --> 00:23:56,640 want to have their data also within the 675 00:23:56,640 --> 00:23:58,400 european union to build upon 676 00:23:58,400 --> 00:24:00,400 our platform and we're excited about 677 00:24:00,400 --> 00:24:02,880 that development but equally we do live 678 00:24:02,880 --> 00:24:05,120 in a global economy after all and the 679 00:24:05,120 --> 00:24:06,080 internet is 680 00:24:06,080 --> 00:24:07,760 global in nature so we need to find ways 681 00:24:07,760 --> 00:24:09,840 to make sure that data can flow across 682 00:24:09,840 --> 00:24:11,520 borders within europe but also outside 683 00:24:11,520 --> 00:24:12,720 of europe too 684 00:24:12,720 --> 00:24:14,880 and as as ambassador froman uh we're 685 00:24:14,880 --> 00:24:16,480 very encouraged to see what has been 686 00:24:16,480 --> 00:24:17,840 happening in the context of this most 687 00:24:17,840 --> 00:24:19,120 recent visit between 688 00:24:19,120 --> 00:24:21,440 the body administration and and folks 689 00:24:21,440 --> 00:24:24,480 here within the european union 690 00:24:24,480 --> 00:24:26,320 that was an excellent way to start to 691 00:24:26,320 --> 00:24:27,679 open it up for questions 692 00:24:27,679 --> 00:24:29,440 uh great opening statements from our 693 00:24:29,440 --> 00:24:31,600 speakers if you do have any questions 694 00:24:31,600 --> 00:24:33,360 please use the slido app or 695 00:24:33,360 --> 00:24:35,279 we have an audience here in the room we 696 00:24:35,279 --> 00:24:36,799 will also take questions in the good 697 00:24:36,799 --> 00:24:38,480 old-fashioned way of you asking the 698 00:24:38,480 --> 00:24:40,080 question in person 699 00:24:40,080 --> 00:24:41,360 but i'm going to kick it off with a 700 00:24:41,360 --> 00:24:42,640 little bit of discussion with the group 701 00:24:42,640 --> 00:24:44,159 because everybody's kind of put a lot of 702 00:24:44,159 --> 00:24:45,679 things on the table 703 00:24:45,679 --> 00:24:48,480 and one of the things that was raised by 704 00:24:48,480 --> 00:24:49,840 jeff bullwinkle was this issue of 705 00:24:49,840 --> 00:24:51,039 digital sovereignty 706 00:24:51,039 --> 00:24:54,080 and i'm very interested to know how 707 00:24:54,080 --> 00:24:56,480 central europe sees this concept of 708 00:24:56,480 --> 00:24:58,320 digital sovereignty and where they see 709 00:24:58,320 --> 00:24:59,440 their position 710 00:24:59,440 --> 00:25:01,919 when it's formulated in in in brussels 711 00:25:01,919 --> 00:25:02,720 for example 712 00:25:02,720 --> 00:25:05,360 so minister how does how does estonia 713 00:25:05,360 --> 00:25:06,000 interpret 714 00:25:06,000 --> 00:25:07,600 the term digital sovereignty is it a 715 00:25:07,600 --> 00:25:09,279 positive is it a negative where do you 716 00:25:09,279 --> 00:25:12,880 where is estonia placed in that 717 00:25:13,279 --> 00:25:14,799 this is something what uh what we 718 00:25:14,799 --> 00:25:16,640 certainly need 719 00:25:16,640 --> 00:25:20,159 and so we are all part of a process in 720 00:25:20,159 --> 00:25:21,039 defining 721 00:25:21,039 --> 00:25:24,080 what we mean by digital sovereignty uh 722 00:25:24,080 --> 00:25:27,440 that is uh obviously important and and 723 00:25:27,440 --> 00:25:28,720 for us 724 00:25:28,720 --> 00:25:32,080 of course uh it means that we we 725 00:25:32,080 --> 00:25:34,880 we focus really on on the level playing 726 00:25:34,880 --> 00:25:35,520 field 727 00:25:35,520 --> 00:25:38,960 we we will remain and be open as a 728 00:25:38,960 --> 00:25:41,279 trading block 729 00:25:41,279 --> 00:25:44,559 and and i think it's also important uh 730 00:25:44,559 --> 00:25:47,440 if we talk about uh the possibilities 731 00:25:47,440 --> 00:25:47,840 for 732 00:25:47,840 --> 00:25:50,400 uh for our own companies particularly 733 00:25:50,400 --> 00:25:51,440 smes 734 00:25:51,440 --> 00:25:55,360 that they have uh reasonable access to 735 00:25:55,360 --> 00:25:57,600 different services and platforms 736 00:25:57,600 --> 00:26:00,880 so that that they can equally compete in 737 00:26:00,880 --> 00:26:03,840 in the global market but for me digital 738 00:26:03,840 --> 00:26:05,760 sovereignty is not really building the 739 00:26:05,760 --> 00:26:08,640 walls i mean it is about 740 00:26:08,640 --> 00:26:12,080 agreeing globally uh what is uh 741 00:26:12,080 --> 00:26:13,840 what are the rules of the game and and 742 00:26:13,840 --> 00:26:15,760 then uh sticking to 743 00:26:15,760 --> 00:26:18,240 to the rules and uh and of course 744 00:26:18,240 --> 00:26:19,200 protecting 745 00:26:19,200 --> 00:26:21,760 those who play by the rules and keeping 746 00:26:21,760 --> 00:26:22,640 keeping away 747 00:26:22,640 --> 00:26:25,520 those who actually want to play by a 748 00:26:25,520 --> 00:26:26,880 different 749 00:26:26,880 --> 00:26:30,000 rulebook so but it is again something 750 00:26:30,000 --> 00:26:31,039 what we 751 00:26:31,039 --> 00:26:34,559 we we work jointly in europe regardless 752 00:26:34,559 --> 00:26:36,080 of which corner of the 753 00:26:36,080 --> 00:26:39,120 union we come from so digital 754 00:26:39,120 --> 00:26:39,840 sovereignty 755 00:26:39,840 --> 00:26:42,880 is is playing by the rules um of course 756 00:26:42,880 --> 00:26:44,880 europe is in the process of drafting a 757 00:26:44,880 --> 00:26:47,679 pretty comprehensive rulebook right now 758 00:26:47,679 --> 00:26:50,720 how jeff how does microsoft see uh 759 00:26:50,720 --> 00:26:52,559 this idea of digital sovereignty is just 760 00:26:52,559 --> 00:26:54,240 is is playing by the rules and and 761 00:26:54,240 --> 00:26:56,960 keeping a level playing field 762 00:26:56,960 --> 00:26:59,120 well first of all we are i guess a 763 00:26:59,120 --> 00:27:00,400 technology company that 764 00:27:00,400 --> 00:27:03,360 perhaps before some others uh recognize 765 00:27:03,360 --> 00:27:05,360 just how important it is for there to be 766 00:27:05,360 --> 00:27:07,600 more regulation in the area of cloud 767 00:27:07,600 --> 00:27:08,480 services 768 00:27:08,480 --> 00:27:10,799 that's true in relation to ai for 769 00:27:10,799 --> 00:27:12,159 instance and we were 770 00:27:12,159 --> 00:27:13,840 early in calling for regulation in that 771 00:27:13,840 --> 00:27:15,600 space because after all there does need 772 00:27:15,600 --> 00:27:16,159 to be 773 00:27:16,159 --> 00:27:18,559 some sort of form of a fuel regulatory 774 00:27:18,559 --> 00:27:19,520 floor to avoid 775 00:27:19,520 --> 00:27:21,440 a race to the bottom and so we're 776 00:27:21,440 --> 00:27:22,799 watching obviously very close to what's 777 00:27:22,799 --> 00:27:24,320 happening in process as well around 778 00:27:24,320 --> 00:27:27,360 the dma and dsa and dora and so on and 779 00:27:27,360 --> 00:27:28,799 but here too we're seeing i think a 780 00:27:28,799 --> 00:27:30,559 trend toward regulation that's going to 781 00:27:30,559 --> 00:27:31,039 be 782 00:27:31,039 --> 00:27:33,360 balanced and really appropriate in the 783 00:27:33,360 --> 00:27:34,640 context of 784 00:27:34,640 --> 00:27:36,720 um what i think are shared values across 785 00:27:36,720 --> 00:27:39,039 the atlantic and i do think it's helpful 786 00:27:39,039 --> 00:27:40,159 in a forum like this 787 00:27:40,159 --> 00:27:41,679 building upon some of the statements we 788 00:27:41,679 --> 00:27:43,679 heard earlier yesterday and even over 789 00:27:43,679 --> 00:27:44,880 dinner last night 790 00:27:44,880 --> 00:27:46,399 i think about what can be done in the 791 00:27:46,399 --> 00:27:48,240 context of transatlantic relations in 792 00:27:48,240 --> 00:27:49,520 terms of a digital 793 00:27:49,520 --> 00:27:51,279 alliance because as was said by one of 794 00:27:51,279 --> 00:27:52,960 the previous speakers there's more in 795 00:27:52,960 --> 00:27:54,080 common 796 00:27:54,080 --> 00:27:56,240 than than not in this respect and are 797 00:27:56,240 --> 00:27:57,679 there things in fact we can do 798 00:27:57,679 --> 00:27:59,840 together to reach more regulatory 799 00:27:59,840 --> 00:28:00,799 cohesion 800 00:28:00,799 --> 00:28:03,440 in the context of democratic values 801 00:28:03,440 --> 00:28:05,200 western values european values and we 802 00:28:05,200 --> 00:28:06,320 certainly focus on that 803 00:28:06,320 --> 00:28:09,360 at microsoft as well 804 00:28:09,360 --> 00:28:12,720 so if if microsoft sees 805 00:28:12,720 --> 00:28:14,880 its role in in just adhering to the 806 00:28:14,880 --> 00:28:15,919 rules in in and 807 00:28:15,919 --> 00:28:18,320 also helped shape this process is that 808 00:28:18,320 --> 00:28:19,360 something that 809 00:28:19,360 --> 00:28:22,399 uh where does central europe play 810 00:28:22,399 --> 00:28:23,840 in that because a lot of these rules are 811 00:28:23,840 --> 00:28:26,240 taking place in in brussels 812 00:28:26,240 --> 00:28:29,120 um minister uh kariza how are you 813 00:28:29,120 --> 00:28:30,559 planning on integrating 814 00:28:30,559 --> 00:28:33,840 more companies into uh setting an agenda 815 00:28:33,840 --> 00:28:35,760 for the slovenian presidency 816 00:28:35,760 --> 00:28:38,559 and how are you planning on making this 817 00:28:38,559 --> 00:28:39,919 this rule book setting 818 00:28:39,919 --> 00:28:42,080 uh part of the priority that will take 819 00:28:42,080 --> 00:28:42,960 place in the next 820 00:28:42,960 --> 00:28:45,840 six months 821 00:28:46,559 --> 00:28:49,200 thank you when it comes to the european 822 00:28:49,200 --> 00:28:50,480 single market 823 00:28:50,480 --> 00:28:52,880 it is crucial to use the development 824 00:28:52,880 --> 00:28:53,760 opportunities 825 00:28:53,760 --> 00:28:56,559 of ict and the internet to accelerate 826 00:28:56,559 --> 00:28:57,360 the development 827 00:28:57,360 --> 00:29:00,480 of the digital society and to make life 828 00:29:00,480 --> 00:29:03,520 easier for people and businesses 829 00:29:03,520 --> 00:29:06,720 therefore digital transformation digital 830 00:29:06,720 --> 00:29:09,120 technologies and cyber security will 831 00:29:09,120 --> 00:29:12,080 be the priorities of the eu presidency 832 00:29:12,080 --> 00:29:13,279 when it comes to 833 00:29:13,279 --> 00:29:16,320 fostering a european single market this 834 00:29:16,320 --> 00:29:17,200 includes 835 00:29:17,200 --> 00:29:19,919 improving connectivity developing secure 836 00:29:19,919 --> 00:29:21,600 and efficient digital infrastructure 837 00:29:21,600 --> 00:29:23,279 including 5g 838 00:29:23,279 --> 00:29:26,799 safe and open web and cyberspace 839 00:29:26,799 --> 00:29:30,080 resilience to cyber and hybrid threats 840 00:29:30,080 --> 00:29:32,080 improving digital skills i already 841 00:29:32,080 --> 00:29:33,200 mentioned 842 00:29:33,200 --> 00:29:35,600 accessible digital public services and 843 00:29:35,600 --> 00:29:37,120 creating a favorable 844 00:29:37,120 --> 00:29:39,360 environment for the development testing 845 00:29:39,360 --> 00:29:41,679 and use of new technologies 846 00:29:41,679 --> 00:29:44,559 we will focus on several legislative 847 00:29:44,559 --> 00:29:45,520 acts and 848 00:29:45,520 --> 00:29:48,000 strive to reach as much progress as 849 00:29:48,000 --> 00:29:49,039 possible 850 00:29:49,039 --> 00:29:52,240 in the council regarding artificial 851 00:29:52,240 --> 00:29:53,600 intelligence act 852 00:29:53,600 --> 00:29:56,559 data governance act digital services and 853 00:29:56,559 --> 00:29:57,600 markets package 854 00:29:57,600 --> 00:30:00,000 was already mentioned by my colleagues 855 00:30:00,000 --> 00:30:02,080 roaming regulation is also important 856 00:30:02,080 --> 00:30:03,600 because it's something that 857 00:30:03,600 --> 00:30:06,960 it's the most tangible thing for a 858 00:30:06,960 --> 00:30:08,960 european citizens and of course the 859 00:30:08,960 --> 00:30:10,159 directive on 860 00:30:10,159 --> 00:30:13,120 measures for a higher common level of 861 00:30:13,120 --> 00:30:14,960 cybersecurity across the union 862 00:30:14,960 --> 00:30:18,080 uh the so-called nis ii directive 863 00:30:18,080 --> 00:30:21,279 um for example regarding 864 00:30:21,279 --> 00:30:24,960 ai it is crucial to create a high level 865 00:30:24,960 --> 00:30:26,320 of trust 866 00:30:26,320 --> 00:30:29,520 in ai and in order to do this ai should 867 00:30:29,520 --> 00:30:31,919 be developed and used in a way that is 868 00:30:31,919 --> 00:30:34,640 responsible focused on common interests 869 00:30:34,640 --> 00:30:36,720 and on people 870 00:30:36,720 --> 00:30:40,159 ai is means not an end and we all know 871 00:30:40,159 --> 00:30:41,279 that it offers 872 00:30:41,279 --> 00:30:44,399 immense potential in health transport 873 00:30:44,399 --> 00:30:47,279 energy agriculture tourism or cyber 874 00:30:47,279 --> 00:30:48,640 security 875 00:30:48,640 --> 00:30:51,760 but what it's important uh the new rules 876 00:30:51,760 --> 00:30:53,679 should be applied directly in the same 877 00:30:53,679 --> 00:30:54,880 way across all 878 00:30:54,880 --> 00:30:57,840 member states and this is how we create 879 00:30:57,840 --> 00:30:58,880 unified and 880 00:30:58,880 --> 00:31:02,159 trustworthy uh environment uh 881 00:31:02,159 --> 00:31:04,480 not forget we should also focus on 882 00:31:04,480 --> 00:31:05,840 digital skills 883 00:31:05,840 --> 00:31:09,279 to fill the competence gap um 884 00:31:09,279 --> 00:31:10,880 regarding data which is closely 885 00:31:10,880 --> 00:31:12,480 connected to ai 886 00:31:12,480 --> 00:31:14,799 we should by all means better exploit 887 00:31:14,799 --> 00:31:16,399 the potential of data 888 00:31:16,399 --> 00:31:18,240 and data should be used as a key 889 00:31:18,240 --> 00:31:20,320 resource for startups 890 00:31:20,320 --> 00:31:23,360 small and medium-sized enterprises and 891 00:31:23,360 --> 00:31:24,960 for the development of their 892 00:31:24,960 --> 00:31:27,519 products and services we should focus on 893 00:31:27,519 --> 00:31:29,440 the flow of data within the eu 894 00:31:29,440 --> 00:31:32,559 and across sectors in line with 895 00:31:32,559 --> 00:31:36,159 clear fair rules for their access 896 00:31:36,159 --> 00:31:40,399 storage and reuse 897 00:31:41,360 --> 00:31:43,840 of course regarding the digital services 898 00:31:43,840 --> 00:31:45,519 and markets package 899 00:31:45,519 --> 00:31:48,399 our aim what we should do is to prevent 900 00:31:48,399 --> 00:31:50,320 the exposure of citizens 901 00:31:50,320 --> 00:31:53,120 to increasing risks and harmful 902 00:31:53,120 --> 00:31:55,600 consequences online 903 00:31:55,600 --> 00:31:59,200 and the control over large platforms 904 00:31:59,200 --> 00:32:01,440 should be more efficient to prevent 905 00:32:01,440 --> 00:32:02,240 abuse 906 00:32:02,240 --> 00:32:05,279 of their systems so we should 907 00:32:05,279 --> 00:32:07,679 enhance cooperation among public 908 00:32:07,679 --> 00:32:09,200 authorities to ensure effective 909 00:32:09,200 --> 00:32:10,240 enforcement 910 00:32:10,240 --> 00:32:13,039 across the single market what we 911 00:32:13,039 --> 00:32:14,960 shouldn't forget 912 00:32:14,960 --> 00:32:18,080 is related to all the uh the files the 913 00:32:18,080 --> 00:32:19,360 cyber security 914 00:32:19,360 --> 00:32:21,760 and we will pay special attention to 915 00:32:21,760 --> 00:32:23,120 strengthening the 916 00:32:23,120 --> 00:32:24,640 cyber resilience of critical 917 00:32:24,640 --> 00:32:26,399 infrastructure and the 918 00:32:26,399 --> 00:32:28,960 digital single market in the event of a 919 00:32:28,960 --> 00:32:30,000 possible 920 00:32:30,000 --> 00:32:33,200 large-scale cyber attack so 921 00:32:33,200 --> 00:32:35,679 you bring up this issue of a lot of 922 00:32:35,679 --> 00:32:37,919 different new threats emerging threats 923 00:32:37,919 --> 00:32:40,880 cyber threats that the european union is 924 00:32:40,880 --> 00:32:42,399 going to have to confront we're seeing a 925 00:32:42,399 --> 00:32:43,039 lot of 926 00:32:43,039 --> 00:32:45,200 new types of attacks very prominent in 927 00:32:45,200 --> 00:32:46,880 the united states for example around 928 00:32:46,880 --> 00:32:47,760 ransomware 929 00:32:47,760 --> 00:32:50,640 uh the pipeline attack on colonial uh 930 00:32:50,640 --> 00:32:52,799 meat processing etc 931 00:32:52,799 --> 00:32:55,039 i have a question for ambassador frohman 932 00:32:55,039 --> 00:32:56,399 in this in this area 933 00:32:56,399 --> 00:32:58,000 um it's kind of a lateral question on 934 00:32:58,000 --> 00:32:59,519 cryptocurrencies which is 935 00:32:59,519 --> 00:33:01,360 do you consider cryptocurrencies a 936 00:33:01,360 --> 00:33:03,760 threat to national controlled 937 00:33:03,760 --> 00:33:06,720 or uh regulated economies and let's take 938 00:33:06,720 --> 00:33:08,840 it even a step further to national 939 00:33:08,840 --> 00:33:11,519 security 940 00:33:11,519 --> 00:33:14,320 well cryptocurrencies uh cover a lot of 941 00:33:14,320 --> 00:33:14,799 different 942 00:33:14,799 --> 00:33:18,799 ideas um uh there are stable coins there 943 00:33:18,799 --> 00:33:21,120 are central bank digital currencies 944 00:33:21,120 --> 00:33:24,320 uh being being explored i think 945 00:33:24,320 --> 00:33:26,159 to take a step back i think the 946 00:33:26,159 --> 00:33:27,440 blockchain 947 00:33:27,440 --> 00:33:29,919 offers enormous opportunity uh for 948 00:33:29,919 --> 00:33:30,799 innovation 949 00:33:30,799 --> 00:33:33,279 uh across payments and across a lot of 950 00:33:33,279 --> 00:33:34,559 other areas 951 00:33:34,559 --> 00:33:37,200 as well and our perspective is is that 952 00:33:37,200 --> 00:33:38,000 there may be a 953 00:33:38,000 --> 00:33:41,519 role for digital currencies if 954 00:33:41,519 --> 00:33:43,279 they provide first of all if they're 955 00:33:43,279 --> 00:33:45,120 completely consistent with 956 00:33:45,120 --> 00:33:48,640 the regulatory framework if they provide 957 00:33:48,640 --> 00:33:51,279 consumer value and if there's a level 958 00:33:51,279 --> 00:33:53,360 playing field so a variety of players 959 00:33:53,360 --> 00:33:54,240 can play 960 00:33:54,240 --> 00:33:57,120 uh in it in the competitive uh fashion 961 00:33:57,120 --> 00:33:58,559 we're working with central banks all 962 00:33:58,559 --> 00:34:00,480 over the world we created a sandbox for 963 00:34:00,480 --> 00:34:01,279 them to 964 00:34:01,279 --> 00:34:03,279 experiment with regulations with regard 965 00:34:03,279 --> 00:34:04,640 to digital uh 966 00:34:04,640 --> 00:34:06,799 currencies and i think it's too early to 967 00:34:06,799 --> 00:34:08,879 tell exactly how this is going to 968 00:34:08,879 --> 00:34:10,960 evolve um but there's certainly going to 969 00:34:10,960 --> 00:34:12,560 be a lot of innovation 970 00:34:12,560 --> 00:34:14,879 uh in this area can i just say something 971 00:34:14,879 --> 00:34:16,560 on the previous comments uh 972 00:34:16,560 --> 00:34:18,480 though if you don't mind i i think it 973 00:34:18,480 --> 00:34:20,639 points out a really interesting 974 00:34:20,639 --> 00:34:23,440 set of questions to explore clearly the 975 00:34:23,440 --> 00:34:25,918 eu has been at the lead when it comes to 976 00:34:25,918 --> 00:34:29,520 privacy regulation and gdpr is being now 977 00:34:29,520 --> 00:34:31,760 applied elsewhere around the world by 978 00:34:31,760 --> 00:34:32,639 companies and 979 00:34:32,639 --> 00:34:34,480 adopted by other governments in some 980 00:34:34,480 --> 00:34:37,520 form in some form or another 981 00:34:37,520 --> 00:34:38,719 and there's absolutely legitimate 982 00:34:38,719 --> 00:34:41,119 privacy concerns but finding 983 00:34:41,119 --> 00:34:42,960 the right balance between protecting 984 00:34:42,960 --> 00:34:44,480 individual privacy 985 00:34:44,480 --> 00:34:46,159 and private information personal 986 00:34:46,159 --> 00:34:48,719 information and the benefits 987 00:34:48,719 --> 00:34:50,719 of cross-border data flows and i'll just 988 00:34:50,719 --> 00:34:52,000 give you two examples 989 00:34:52,000 --> 00:34:53,520 i think it's pretty clear to people that 990 00:34:53,520 --> 00:34:55,520 we would not have had as much progress 991 00:34:55,520 --> 00:34:57,200 as we've had in developing 992 00:34:57,200 --> 00:34:59,520 vaccines for covet if you couldn't share 993 00:34:59,520 --> 00:35:00,320 data across 994 00:35:00,320 --> 00:35:02,560 borders and similarly all the discussion 995 00:35:02,560 --> 00:35:05,359 we've just had about cyber security 996 00:35:05,359 --> 00:35:07,680 because we see transactions all over the 997 00:35:07,680 --> 00:35:08,400 world 998 00:35:08,400 --> 00:35:10,800 and we see it we're a trust network we 999 00:35:10,800 --> 00:35:11,760 can identify 1000 00:35:11,760 --> 00:35:15,119 cyber attacks patterns that emerge in 1001 00:35:15,119 --> 00:35:18,480 ukraine philippines uh nigeria 1002 00:35:18,480 --> 00:35:20,560 and we've saved tens of billions of 1003 00:35:20,560 --> 00:35:22,240 dollars for countries by 1004 00:35:22,240 --> 00:35:23,920 making sure that we've identified with 1005 00:35:23,920 --> 00:35:26,160 ai these cyber security threats and fix 1006 00:35:26,160 --> 00:35:28,880 them if you have national clouds uh 1007 00:35:28,880 --> 00:35:30,480 balkanized internet 1008 00:35:30,480 --> 00:35:32,960 you run the risk of not being able to 1009 00:35:32,960 --> 00:35:34,720 make those kinds of judgments 1010 00:35:34,720 --> 00:35:36,320 and so we just have to make sure we're 1011 00:35:36,320 --> 00:35:38,320 finding ways of addressing 1012 00:35:38,320 --> 00:35:41,760 privacy other legitimate uh 1013 00:35:41,760 --> 00:35:44,320 regulatory needs but not throwing the 1014 00:35:44,320 --> 00:35:46,480 baby out with the bath water so to speak 1015 00:35:46,480 --> 00:35:48,079 and losing the benefits of an open 1016 00:35:48,079 --> 00:35:49,920 digital economy including around 1017 00:35:49,920 --> 00:35:50,880 innovation 1018 00:35:50,880 --> 00:35:53,680 and around cyber security at deputy 1019 00:35:53,680 --> 00:35:55,760 prime minister 1020 00:35:55,760 --> 00:35:57,760 ambassador frohman brings up a key point 1021 00:35:57,760 --> 00:35:59,280 in the tension between the u.s and 1022 00:35:59,280 --> 00:35:59,920 europe 1023 00:35:59,920 --> 00:36:01,359 which is the question around data 1024 00:36:01,359 --> 00:36:03,119 privacy and how it should be dealt with 1025 00:36:03,119 --> 00:36:04,640 and respected 1026 00:36:04,640 --> 00:36:08,079 how does slovakia see 1027 00:36:08,079 --> 00:36:09,760 this this privacy debate how does 1028 00:36:09,760 --> 00:36:12,160 slovakia see the implementation of gdpr 1029 00:36:12,160 --> 00:36:13,599 is this something that stifles 1030 00:36:13,599 --> 00:36:15,200 innovation or is this something that 1031 00:36:15,200 --> 00:36:16,079 enhances 1032 00:36:16,079 --> 00:36:17,520 uh slovakian and european 1033 00:36:17,520 --> 00:36:19,200 competitiveness 1034 00:36:19,200 --> 00:36:22,400 it's true that european union is the 1035 00:36:22,400 --> 00:36:23,119 champion 1036 00:36:23,119 --> 00:36:26,160 of regulation that's true 1037 00:36:26,160 --> 00:36:29,119 and i think that we should boost also 1038 00:36:29,119 --> 00:36:30,480 innovation because the 1039 00:36:30,480 --> 00:36:34,240 the most 1040 00:36:34,240 --> 00:36:36,800 innovative firms and enterprises are 1041 00:36:36,800 --> 00:36:37,599 either 1042 00:36:37,599 --> 00:36:40,960 today in the united states or china 1043 00:36:40,960 --> 00:36:43,440 so i think that it is really very 1044 00:36:43,440 --> 00:36:44,640 important to find 1045 00:36:44,640 --> 00:36:48,160 a proper balance between regulation 1046 00:36:48,160 --> 00:36:52,240 and innovation boost as far as gdpr is 1047 00:36:52,240 --> 00:36:54,000 concerned in slovakia 1048 00:36:54,000 --> 00:36:57,119 we saw that i don't want to say 1049 00:36:57,119 --> 00:37:01,920 problems with gdpr but it was 1050 00:37:02,320 --> 00:37:05,200 with some of the digital covet solutions 1051 00:37:05,200 --> 00:37:06,320 gdpr 1052 00:37:06,320 --> 00:37:08,370 was real real 1053 00:37:08,370 --> 00:37:09,920 [Music] 1054 00:37:09,920 --> 00:37:13,280 real problem because we wanted to find 1055 00:37:13,280 --> 00:37:17,119 for example tracking of covet 1056 00:37:17,119 --> 00:37:21,599 positive patients without breaking gdpr 1057 00:37:21,599 --> 00:37:25,040 europe and gdpr rules but at the same 1058 00:37:25,040 --> 00:37:26,320 time 1059 00:37:26,320 --> 00:37:30,400 i think yes that the balance between 1060 00:37:30,400 --> 00:37:33,599 consumer privacy and 1061 00:37:33,599 --> 00:37:36,640 rights of consumer is very important 1062 00:37:36,640 --> 00:37:40,160 just let me mention uh for um 1063 00:37:40,160 --> 00:37:43,200 you spoke about critical independence 1064 00:37:43,200 --> 00:37:45,920 in um or independence of critical 1065 00:37:45,920 --> 00:37:46,800 infrastructure 1066 00:37:46,800 --> 00:37:49,680 in the european union i want just to 1067 00:37:49,680 --> 00:37:50,079 mention 1068 00:37:50,079 --> 00:37:52,480 one initiative you saw a wonderful 1069 00:37:52,480 --> 00:37:54,880 presentation i think of mr danilock 1070 00:37:54,880 --> 00:37:58,079 about the tachyon uh microchip so in 1071 00:37:58,079 --> 00:37:59,040 slovakia 1072 00:37:59,040 --> 00:38:02,240 uh we just our ambition is to to build 1073 00:38:02,240 --> 00:38:05,599 a new supercomputer and that will be one 1074 00:38:05,599 --> 00:38:06,800 of the europe's 1075 00:38:06,800 --> 00:38:09,760 fastest computer system and we have a 1076 00:38:09,760 --> 00:38:12,000 close partnership between 1077 00:38:12,000 --> 00:38:15,839 business academia and we want it 1078 00:38:15,839 --> 00:38:17,920 we want to encourage a building system 1079 00:38:17,920 --> 00:38:20,800 with theoretical computing power up to 1080 00:38:20,800 --> 00:38:23,839 520 petaflops that could offer this 1081 00:38:23,839 --> 00:38:26,560 uh capacity to research institutions 1082 00:38:26,560 --> 00:38:29,119 small and medium-sized enterprises 1083 00:38:29,119 --> 00:38:32,240 just to boost independence of 1084 00:38:32,240 --> 00:38:34,800 uh critical infrastructure in slovakia 1085 00:38:34,800 --> 00:38:35,760 so this is very 1086 00:38:35,760 --> 00:38:38,800 important uh for slovakia and 1087 00:38:38,800 --> 00:38:41,920 to build a ecosystem uh innovative 1088 00:38:41,920 --> 00:38:43,040 ecosystem 1089 00:38:43,040 --> 00:38:47,200 around the around the supercomputer 1090 00:38:47,200 --> 00:38:49,119 minister kiritnik we have a question 1091 00:38:49,119 --> 00:38:50,720 from the audience that uh 1092 00:38:50,720 --> 00:38:53,680 it touches on some of this let's say the 1093 00:38:53,680 --> 00:38:56,079 transatlantic atmospherics that we have 1094 00:38:56,079 --> 00:38:57,920 been talking about and it's 1095 00:38:57,920 --> 00:39:00,000 is it possible for tech companies to 1096 00:39:00,000 --> 00:39:01,440 grow in central and eastern europe 1097 00:39:01,440 --> 00:39:03,520 without getting acquired by large 1098 00:39:03,520 --> 00:39:06,079 mostly u.s companies is there room to 1099 00:39:06,079 --> 00:39:06,800 grow 1100 00:39:06,800 --> 00:39:08,560 and maybe we can add uh chinese 1101 00:39:08,560 --> 00:39:10,320 companies because clearly there is a 1102 00:39:10,320 --> 00:39:12,160 higher presence now with 1103 00:39:12,160 --> 00:39:15,520 with ali cloud alipay uh tiktok 1104 00:39:15,520 --> 00:39:18,800 all coming into the european uh market 1105 00:39:18,800 --> 00:39:19,680 space 1106 00:39:19,680 --> 00:39:22,800 um what is the room for european 1107 00:39:22,800 --> 00:39:24,560 companies to grow without being acquired 1108 00:39:24,560 --> 00:39:24,960 by 1109 00:39:24,960 --> 00:39:28,079 by external actors 1110 00:39:28,079 --> 00:39:30,079 oh thank you for the question which is 1111 00:39:30,079 --> 00:39:32,160 sorry so 1112 00:39:32,160 --> 00:39:35,040 please oh you mentioned i'm about to 1113 00:39:35,040 --> 00:39:37,200 answer it okay 1114 00:39:37,200 --> 00:39:39,520 well uh indeed it's not the field i 1115 00:39:39,520 --> 00:39:41,200 cover within the ministry 1116 00:39:41,200 --> 00:39:45,280 but regarding my previous experience i 1117 00:39:45,280 --> 00:39:46,320 would always say it's a 1118 00:39:46,320 --> 00:39:49,599 choice for the owner uh for the for the 1119 00:39:49,599 --> 00:39:50,320 founder 1120 00:39:50,320 --> 00:39:53,760 to decide to be acquired or not it's 1121 00:39:53,760 --> 00:39:56,960 his free will and his uh let's say 1122 00:39:56,960 --> 00:40:00,720 estimation of how his company his child 1123 00:40:00,720 --> 00:40:03,760 could his startup would grow better 1124 00:40:03,760 --> 00:40:07,680 um keeping it for for himself or 1125 00:40:07,680 --> 00:40:11,119 selling or allowing a foreign investor 1126 00:40:11,119 --> 00:40:11,839 to come in 1127 00:40:11,839 --> 00:40:15,680 regardless of what flag 1128 00:40:15,680 --> 00:40:17,839 the investor carries so that's why let's 1129 00:40:17,839 --> 00:40:19,280 say previous experience 1130 00:40:19,280 --> 00:40:23,359 answer but of course i would als always 1131 00:40:23,359 --> 00:40:26,880 as a a politician in an eu member state 1132 00:40:26,880 --> 00:40:30,319 say that uh of course they can grow 1133 00:40:30,319 --> 00:40:32,960 but we are we will try to make the 1134 00:40:32,960 --> 00:40:34,720 environment better so they can grow 1135 00:40:34,720 --> 00:40:35,200 better 1136 00:40:35,200 --> 00:40:38,319 that's a political answer that is 1137 00:40:38,319 --> 00:40:39,200 obviously a very 1138 00:40:39,200 --> 00:40:41,599 laissez-faire answer very open answer uh 1139 00:40:41,599 --> 00:40:42,560 open market 1140 00:40:42,560 --> 00:40:44,720 answer but we're in a moment right now 1141 00:40:44,720 --> 00:40:46,079 where there's a lot more scrutiny of 1142 00:40:46,079 --> 00:40:47,520 investment right we're in a moment where 1143 00:40:47,520 --> 00:40:49,280 there's a lot more consideration 1144 00:40:49,280 --> 00:40:50,960 around mergers and acquisitions and what 1145 00:40:50,960 --> 00:40:52,640 that could mean for the strength of 1146 00:40:52,640 --> 00:40:54,160 indigenous economies 1147 00:40:54,160 --> 00:40:56,560 uh minister ramisova you you i know you 1148 00:40:56,560 --> 00:40:58,480 had a response to this 1149 00:40:58,480 --> 00:40:59,839 is this something that europe needs to 1150 00:40:59,839 --> 00:41:02,079 take more seriously external actors 1151 00:41:02,079 --> 00:41:03,440 looking to acquire 1152 00:41:03,440 --> 00:41:05,680 let's say the crown jewels of european 1153 00:41:05,680 --> 00:41:07,680 innovation 1154 00:41:07,680 --> 00:41:09,920 of course the ambition of europe and of 1155 00:41:09,920 --> 00:41:11,119 european union 1156 00:41:11,119 --> 00:41:14,319 and the member states should be to keep 1157 00:41:14,319 --> 00:41:16,000 the intellectual property 1158 00:41:16,000 --> 00:41:19,440 here in slovakia that's when i s 1159 00:41:19,440 --> 00:41:22,240 when i said that uh we want to as a 1160 00:41:22,240 --> 00:41:22,720 state 1161 00:41:22,720 --> 00:41:25,680 slovakia we want to build a partnership 1162 00:41:25,680 --> 00:41:27,839 uh with the academia with the business 1163 00:41:27,839 --> 00:41:28,480 uh 1164 00:41:28,480 --> 00:41:31,680 uh for not only for super computing but 1165 00:41:31,680 --> 00:41:32,720 also for other 1166 00:41:32,720 --> 00:41:36,640 initiatives like blockchain initiative 1167 00:41:36,640 --> 00:41:39,839 or digital innovation hubs 1168 00:41:39,839 --> 00:41:41,359 which are exactly the partnership 1169 00:41:41,359 --> 00:41:42,960 between 1170 00:41:42,960 --> 00:41:46,400 tech firms and between state 1171 00:41:46,400 --> 00:41:48,960 and the second thing which was already 1172 00:41:48,960 --> 00:41:49,599 mentioned is 1173 00:41:49,599 --> 00:41:52,880 regulation i think that we should 1174 00:41:52,880 --> 00:41:56,160 make a regulatory framework 1175 00:41:56,160 --> 00:41:59,680 innovation friendly and this is the role 1176 00:41:59,680 --> 00:42:01,680 for the european union but only for 1177 00:42:01,680 --> 00:42:03,760 individual member states 1178 00:42:03,760 --> 00:42:06,240 to make a regulatory framework 1179 00:42:06,240 --> 00:42:09,200 innovation friendly 1180 00:42:09,200 --> 00:42:11,839 ambassador froman when you look at this 1181 00:42:11,839 --> 00:42:13,200 regulation that is coming down the 1182 00:42:13,200 --> 00:42:14,480 pipeline i can say 1183 00:42:14,480 --> 00:42:16,640 we did an event at the german council 1184 00:42:16,640 --> 00:42:18,560 for relations last week with the 1185 00:42:18,560 --> 00:42:19,839 chair of the national security 1186 00:42:19,839 --> 00:42:22,400 commission on artificial intelligence 1187 00:42:22,400 --> 00:42:24,720 eric schmidt and he was asked what he 1188 00:42:24,720 --> 00:42:26,960 thought about the ai regulation and he 1189 00:42:26,960 --> 00:42:29,680 called it a disaster 1190 00:42:29,680 --> 00:42:32,800 what do you think when you look at this 1191 00:42:32,800 --> 00:42:33,359 new 1192 00:42:33,359 --> 00:42:35,280 raft of regulation coming down the pike 1193 00:42:35,280 --> 00:42:37,119 and what you think will be its impact on 1194 00:42:37,119 --> 00:42:38,000 innovation 1195 00:42:38,000 --> 00:42:40,000 do you think it is innovation friendly 1196 00:42:40,000 --> 00:42:42,160 as the deputy prime minister would like 1197 00:42:42,160 --> 00:42:45,119 it to be 1198 00:42:45,119 --> 00:42:46,880 well it's a great question and i haven't 1199 00:42:46,880 --> 00:42:48,319 delved into the details of all the 1200 00:42:48,319 --> 00:42:50,000 regulations but i think the deputy prime 1201 00:42:50,000 --> 00:42:52,400 minister really put it right which is 1202 00:42:52,400 --> 00:42:55,599 uh the eu excels at 1203 00:42:55,599 --> 00:42:58,640 issuing uh regulations and i think 1204 00:42:58,640 --> 00:42:59,040 what's 1205 00:42:59,040 --> 00:43:01,280 really important is that there be enough 1206 00:43:01,280 --> 00:43:02,720 transparency 1207 00:43:02,720 --> 00:43:04,240 and input from a wide range of 1208 00:43:04,240 --> 00:43:06,480 stakeholders whether it's 1209 00:43:06,480 --> 00:43:09,359 civil society private sector other 1210 00:43:09,359 --> 00:43:10,560 governments 1211 00:43:10,560 --> 00:43:13,599 as as they form these regulations just 1212 00:43:13,599 --> 00:43:14,880 so they get the benefit 1213 00:43:14,880 --> 00:43:17,680 of all the input to understand more 1214 00:43:17,680 --> 00:43:18,720 fully 1215 00:43:18,720 --> 00:43:20,720 what impact it could have on innovation 1216 00:43:20,720 --> 00:43:21,920 as the deputy prime minister 1217 00:43:21,920 --> 00:43:23,839 laid out much of the innovation in this 1218 00:43:23,839 --> 00:43:25,280 sector is happening 1219 00:43:25,280 --> 00:43:26,960 outside of the european union you have 1220 00:43:26,960 --> 00:43:28,640 to ask yourself why 1221 00:43:28,640 --> 00:43:30,880 and this is an opportunity to ensure 1222 00:43:30,880 --> 00:43:32,480 that even as 1223 00:43:32,480 --> 00:43:34,400 very legitimate issues get addressed 1224 00:43:34,400 --> 00:43:35,760 through regulation 1225 00:43:35,760 --> 00:43:38,000 it's not further delaying or further 1226 00:43:38,000 --> 00:43:39,280 impeding 1227 00:43:39,280 --> 00:43:41,280 an innovative ecosystem in europe 1228 00:43:41,280 --> 00:43:42,720 because europe has a tremendous amount 1229 00:43:42,720 --> 00:43:43,839 that it can contribute 1230 00:43:43,839 --> 00:43:46,560 to this area it but it does need the 1231 00:43:46,560 --> 00:43:50,000 enabling environment to do so 1232 00:43:50,000 --> 00:43:52,079 minister one of the things that people 1233 00:43:52,079 --> 00:43:53,839 always mention when they talk about 1234 00:43:53,839 --> 00:43:56,319 innovation in europe is europe has a lot 1235 00:43:56,319 --> 00:43:58,079 of amazing innovation but it's not being 1236 00:43:58,079 --> 00:43:59,359 commercialized 1237 00:43:59,359 --> 00:44:01,119 that the commercialization is happening 1238 00:44:01,119 --> 00:44:02,560 outside of europe great things are 1239 00:44:02,560 --> 00:44:04,480 happening from the mp3 player to the 1240 00:44:04,480 --> 00:44:05,440 computer 1241 00:44:05,440 --> 00:44:07,440 but the the companies that are turning 1242 00:44:07,440 --> 00:44:08,800 this into profitable 1243 00:44:08,800 --> 00:44:12,240 uh enterprises are elsewhere how 1244 00:44:12,240 --> 00:44:14,960 can europe bridge that gap how can it 1245 00:44:14,960 --> 00:44:18,400 bridge that commercialization gap 1246 00:44:19,599 --> 00:44:22,400 yes well now i i'm in a bit of 1247 00:44:22,400 --> 00:44:24,560 difficulty in which way i'm siding 1248 00:44:24,560 --> 00:44:27,599 because um if i look on a stone an 1249 00:44:27,599 --> 00:44:28,240 example 1250 00:44:28,240 --> 00:44:31,520 and we are part of all the eu regulation 1251 00:44:31,520 --> 00:44:34,560 and we've been able to to grow here 1252 00:44:34,560 --> 00:44:37,200 seven unicorns uh there is a lot of 1253 00:44:37,200 --> 00:44:39,359 innovation what is happening 1254 00:44:39,359 --> 00:44:41,920 uh i think uh maybe we are sometimes too 1255 00:44:41,920 --> 00:44:42,560 humble 1256 00:44:42,560 --> 00:44:45,599 uh in uh in talking about uh 1257 00:44:45,599 --> 00:44:48,240 where we have excelled and where we have 1258 00:44:48,240 --> 00:44:49,280 been 1259 00:44:49,280 --> 00:44:52,800 very competitive uh in and in that sense 1260 00:44:52,800 --> 00:44:56,000 uh i think we um 1261 00:44:56,000 --> 00:44:58,720 where we can we can and shoot tomorrow 1262 00:44:58,720 --> 00:44:59,839 is precisely 1263 00:44:59,839 --> 00:45:02,240 to creating one single market and i very 1264 00:45:02,240 --> 00:45:04,079 much agree with the points on the data 1265 00:45:04,079 --> 00:45:05,040 flows 1266 00:45:05,040 --> 00:45:06,800 cross-border because that is really what 1267 00:45:06,800 --> 00:45:09,760 we need for innovation 1268 00:45:09,760 --> 00:45:12,880 but otherwise i i think 1269 00:45:12,880 --> 00:45:15,920 i don't see it in in 1270 00:45:15,920 --> 00:45:18,560 in red talk colors i would i would 1271 00:45:18,560 --> 00:45:21,119 rather put it differently i mean it's uh 1272 00:45:21,119 --> 00:45:23,359 it it's we have lots of opportunities if 1273 00:45:23,359 --> 00:45:24,560 we can 1274 00:45:24,560 --> 00:45:26,480 if we can make a single market uh in 1275 00:45:26,480 --> 00:45:28,800 digital domain truly working 1276 00:45:28,800 --> 00:45:31,599 and then there is i mean we we we all 1277 00:45:31,599 --> 00:45:32,400 know that 1278 00:45:32,400 --> 00:45:35,520 there is also significant repositioning 1279 00:45:35,520 --> 00:45:36,160 globally 1280 00:45:36,160 --> 00:45:40,720 in terms of uh strategic industries 1281 00:45:40,720 --> 00:45:43,440 uh strategic value chains and supply 1282 00:45:43,440 --> 00:45:44,640 chains 1283 00:45:44,640 --> 00:45:48,079 and we need to be attractive for uh 1284 00:45:48,079 --> 00:45:51,359 as an investment destination yes 1285 00:45:51,359 --> 00:45:52,720 there are many regulations but 1286 00:45:52,720 --> 00:45:54,560 regulations are increasing uh 1287 00:45:54,560 --> 00:45:57,200 also i think in other places and that's 1288 00:45:57,200 --> 00:45:58,240 not really 1289 00:45:58,240 --> 00:46:01,920 kind of common european or only european 1290 00:46:01,920 --> 00:46:04,720 topic and also when i mentioned there 1291 00:46:04,720 --> 00:46:07,440 was a topic about or a question about 1292 00:46:07,440 --> 00:46:10,079 investment screening i mean in my 1293 00:46:10,079 --> 00:46:11,440 previous 1294 00:46:11,440 --> 00:46:14,640 positions i had to deal a lot with 1295 00:46:14,640 --> 00:46:17,520 with financial industry and in financial 1296 00:46:17,520 --> 00:46:18,880 industry there has always been a 1297 00:46:18,880 --> 00:46:20,400 screening 1298 00:46:20,400 --> 00:46:22,640 about the management about the owners of 1299 00:46:22,640 --> 00:46:23,760 the banks or other financial 1300 00:46:23,760 --> 00:46:25,280 institutions so that they are beaten 1301 00:46:25,280 --> 00:46:26,400 proper 1302 00:46:26,400 --> 00:46:27,839 i think what has happened with the 1303 00:46:27,839 --> 00:46:30,240 digitalization uh that there have been 1304 00:46:30,240 --> 00:46:30,720 number 1305 00:46:30,720 --> 00:46:32,400 other critical infrastructures and 1306 00:46:32,400 --> 00:46:34,160 critical industries which 1307 00:46:34,160 --> 00:46:36,640 need comparable screening it's not that 1308 00:46:36,640 --> 00:46:37,680 we prevent 1309 00:46:37,680 --> 00:46:42,720 innovation to uh to develop or prevent 1310 00:46:42,720 --> 00:46:44,800 companies away but it's more to make 1311 00:46:44,800 --> 00:46:46,960 sure that this system is 1312 00:46:46,960 --> 00:46:50,560 reliable it is transparent and it is 1313 00:46:50,560 --> 00:46:52,720 it is safe and i wouldn't really be 1314 00:46:52,720 --> 00:46:55,040 concerned if somebody wants to invest in 1315 00:46:55,040 --> 00:46:57,359 the companies who have been invented in 1316 00:46:57,359 --> 00:46:58,960 europe i think that actually is a 1317 00:46:58,960 --> 00:47:01,119 positive 1318 00:47:01,119 --> 00:47:05,119 positive dimension so 1319 00:47:05,119 --> 00:47:06,880 i think we should be more upbeat glass 1320 00:47:06,880 --> 00:47:09,200 is never half empty for europe it's 1321 00:47:09,200 --> 00:47:10,079 always half full 1322 00:47:10,079 --> 00:47:13,119 at least glass is always half full i'm 1323 00:47:13,119 --> 00:47:14,000 going to ask one 1324 00:47:14,000 --> 00:47:16,319 final question to everybody on the panel 1325 00:47:16,319 --> 00:47:17,599 one sentence 1326 00:47:17,599 --> 00:47:19,200 we're half foot we've got a glass half 1327 00:47:19,200 --> 00:47:21,280 full we want to get it awful 1328 00:47:21,280 --> 00:47:24,480 completely full we're looking at the 1329 00:47:24,480 --> 00:47:26,000 digital compass this has a lot of 1330 00:47:26,000 --> 00:47:28,480 objectives looking towards 2030. 1331 00:47:28,480 --> 00:47:31,440 um if you could name one thing where you 1332 00:47:31,440 --> 00:47:33,359 would like europe to exceed 1333 00:47:33,359 --> 00:47:35,119 its objectives where europe should be a 1334 00:47:35,119 --> 00:47:37,119 leader where europe is 1335 00:47:37,119 --> 00:47:39,040 creating a framework for innovation 1336 00:47:39,040 --> 00:47:40,240 where europe is 1337 00:47:40,240 --> 00:47:41,920 inspiring other countries the united 1338 00:47:41,920 --> 00:47:43,280 states china et cetera 1339 00:47:43,280 --> 00:47:45,520 in the field of technology what would 1340 00:47:45,520 --> 00:47:46,480 you like to be 1341 00:47:46,480 --> 00:47:48,160 kind of the headline in the digital 1342 00:47:48,160 --> 00:47:50,079 compass in 2030 1343 00:47:50,079 --> 00:47:53,359 looking back so in 2030 1344 00:47:53,359 --> 00:47:56,480 in one sentence uh looking back 1345 00:47:56,480 --> 00:47:59,280 you know europe is is the hub for 1346 00:47:59,280 --> 00:47:59,920 fintech 1347 00:47:59,920 --> 00:48:02,400 or europe is the hub for uh i.t 1348 00:48:02,400 --> 00:48:03,359 professionals 1349 00:48:03,359 --> 00:48:05,760 what would that one thing be one 1350 00:48:05,760 --> 00:48:06,640 sentence 1351 00:48:06,640 --> 00:48:10,000 deputy prime minister you're first 1352 00:48:12,240 --> 00:48:14,879 up for 1353 00:48:15,440 --> 00:48:18,960 well i'm always coming up from national 1354 00:48:18,960 --> 00:48:23,760 context so i would say super computing 1355 00:48:24,800 --> 00:48:29,359 yes and at the same time i think 1356 00:48:29,920 --> 00:48:33,119 we set path or standards for 1357 00:48:33,119 --> 00:48:35,280 ethic for example for artificial 1358 00:48:35,280 --> 00:48:37,599 intelligence which is very important 1359 00:48:37,599 --> 00:48:40,000 uh it's not the same as a regulatory 1360 00:48:40,000 --> 00:48:40,800 framework 1361 00:48:40,800 --> 00:48:44,319 but setting up regulat ethical standards 1362 00:48:44,319 --> 00:48:48,079 for for all the digital innovation 1363 00:48:48,079 --> 00:48:50,800 in the world so i think this two parts 1364 00:48:50,800 --> 00:48:52,000 are very important 1365 00:48:52,000 --> 00:48:55,599 perfect uh ambassador sut minister said 1366 00:48:55,599 --> 00:48:58,960 excuse me yes 1367 00:48:58,960 --> 00:49:03,280 i think it is about data 1368 00:49:03,280 --> 00:49:06,880 it's about protecting their 1369 00:49:06,880 --> 00:49:10,319 the values when processing and 1370 00:49:10,319 --> 00:49:12,400 using data for innovation because this 1371 00:49:12,400 --> 00:49:13,760 is where the value is going to be 1372 00:49:13,760 --> 00:49:14,720 created 1373 00:49:14,720 --> 00:49:16,800 i think that would be the most single 1374 00:49:16,800 --> 00:49:18,240 important 1375 00:49:18,240 --> 00:49:21,200 factor determining uh how competitive we 1376 00:49:21,200 --> 00:49:22,480 are 1377 00:49:22,480 --> 00:49:26,960 minister karitnik what is your sentence 1378 00:49:26,960 --> 00:49:29,680 well uh determining harnessing the many 1379 00:49:29,680 --> 00:49:31,200 opportunities 1380 00:49:31,200 --> 00:49:34,160 addressing challenges in a future proof 1381 00:49:34,160 --> 00:49:36,480 sustainable manner 1382 00:49:36,480 --> 00:49:39,680 perfect ambassador frohman looking 1383 00:49:39,680 --> 00:49:41,200 across the ocean what do you want to see 1384 00:49:41,200 --> 00:49:43,040 in 10 years 1385 00:49:43,040 --> 00:49:45,760 i'd love to see europe as the hub of 1386 00:49:45,760 --> 00:49:46,640 innovation 1387 00:49:46,640 --> 00:49:49,760 at the nexus of digital transformation 1388 00:49:49,760 --> 00:49:52,880 and the green economy that sounds 1389 00:49:52,880 --> 00:49:53,839 perfect for us 1390 00:49:53,839 --> 00:49:55,119 on the line i think she'd appreciate 1391 00:49:55,119 --> 00:49:57,280 that uh jeff bulwinkel 1392 00:49:57,280 --> 00:49:59,920 what do you think echoing what others 1393 00:49:59,920 --> 00:50:02,079 have said i'd also say that europe can 1394 00:50:02,079 --> 00:50:04,000 be and should be a center of innovation 1395 00:50:04,000 --> 00:50:05,359 built upon leveraging 1396 00:50:05,359 --> 00:50:07,440 data effectively in the context of the 1397 00:50:07,440 --> 00:50:09,680 world of artificial intelligence where 1398 00:50:09,680 --> 00:50:12,240 regulation need not be antithetical to 1399 00:50:12,240 --> 00:50:13,599 innovation 1400 00:50:13,599 --> 00:50:15,760 perfect all right i i see a europe in 1401 00:50:15,760 --> 00:50:17,680 2030 that is a data leader 1402 00:50:17,680 --> 00:50:20,319 a moral leader a super computing leader 1403 00:50:20,319 --> 00:50:22,000 and a green tech leader 1404 00:50:22,000 --> 00:50:23,839 i want to thank our panelists i think if 1405 00:50:23,839 --> 00:50:25,440 we can get to that europe will have done 1406 00:50:25,440 --> 00:50:26,160 our jobs 1407 00:50:26,160 --> 00:50:27,520 thank you so much everybody for 1408 00:50:27,520 --> 00:50:28,960 participating and thank you guys for 1409 00:50:28,960 --> 00:50:29,440 watching 1410 00:50:29,440 --> 00:50:41,839 let's give them a round of applause 1411 00:50:41,880 --> 00:50:45,229 [Music] 1412 00:50:46,800 --> 00:50:48,880 you