What's your actual workflow - are you finding the suggestions genuinely useful, or are they just creating visual noise? If it's the latter, honestly the simplest fix is to disable one of them. Running both simultaneously is almost always overkill and will tank your editor's responsiveness. Most people find that picking the one whose suggestion style matches how they code works way better than trying to manage two at once.
If you do want to keep both (maybe you like different features from each), you can configure them to take turns. In VS Code settings, you can disable autocompletion for one extension and trigger it manually via keybind when you actually want it. For example, keep Copilot on autocompletion but set Codeium to only show suggestions when you hit Ctrl+Shift+A or whatever hotkey you prefer. You'd also want to disable inline suggestions for whichever one you're using less frequently - that's usually where the conflicts and slowdown happen.
The real move though is just picking one that feels right and uninstalling the other. Test them separately for a week each if you haven't already. Copilot tends to be more opinionated about code style, while Codeium can feel a bit more flexible, but that varies by language and project. Your editor will run noticeably smoother with just one AI assistant, and you'll actually be able to focus on coding instead of dismissing popups.