Today, video data make up by far the highest percentage of bits on the Internet and in mobile traffic. Fraunhofer HHI is continuously developing video compression technology to master this challenge. Together with industry leaders, Fraunhofer HHI is contributing its compression technologies to international standards. Such standards allow interoperable transmission and storage of multimedia content and are used worldwide in billions of devices. With the advent of neural networks in almost every application, the focus of compression widens towards using neural networks in video compression as well as compressing the neural network itself.