Report by the European Parliament’s Think Tank: “The EU’s approach to digital transformation is rooted in protecting fundamental rights, sustainability, ethics and fairness. With this human-centric vision of the digital economy and society, the EU seeks to empower citizens and businesses, regardless of their size. In the EU’s view, the internet should remain open, fair, inclusive and focused on people. Digital technologies should work for citizens and help them to engage in society. Companies should be able to compete on equal terms, and consumers should be confident that their rights are respected. The European Commission has published a number of strategies and action plans recently that outline the EU’s vision for the digital future and set concrete targets for achieving it. The Commission has also proposed several digital regulations, including the artificial intelligence act, the Digital Services Act and the Digital Markets Act. These regulations are intended to ensure a safe online environment and fair and open digital markets, strengthen Europe’s competitiveness, improve algorithmic transparency and give citizens better control over how they share their personal data. Although some of these regulations have not yet been adopted, and others have been in force for only a short time, they are expected to have impact not only in the EU but also beyond its borders. For instance, several regulations target businesses – regardless of where they are based – that offer services to EU citizens or businesses. In addition, through the phenomenon known as ‘the Brussels effect’, these rules may influence tech business practices and national legislation around the world. The EU is an active participant in developing global digital cooperation and global governance frameworks for specific areas. Various international organisations are developing instruments to ensure that people and businesses can take advantage of artificial intelligence’s benefits and limit negative consequences. In these global negotiations, the EU promotes respect for various fundamental rights and freedoms, as well as compatibility with EU law….(More)”.