The European Strategy for Data aims at creating a single market for data. The Strategy states that data is an essential resource for economic growth, competitiveness, innovation, job creation and societal progress. It points out how the availability of data is a prerequisite for the development of Artificial Intelligence (AI). Given the cross-cutting nature of AI, how can Europe foster AI-driven innovation and competitiveness, leverage data responsibly, while ensuring equitable access and benefits? Drawing on the recent regulatory developments, this panel will assess to what extent the current data protection debates are congruent with the EU’s aspirations and explore ways forward.