Vittorio Colao: Europe missed the digital wave and must not miss the next
Europe has less than 2 gigawatts of AI computing capacity and needs more, former Vodafone chief executive Vittorio Colao said. He spoke at a closed-door press Q&A at Wave by Vento in Turin on Friday, the event’s last day.
“Europe missed the big digital wave. Fine, 20 years,” Colao said.
Europe should not miss the next one, he said.
Colao ran Vodafone from 2008 to 2018 and was Italy’s minister for technological innovation and digital transition in Mario Draghi’s government. Europe is starting to put money into computing, he said. The speed is not the right one, but the skills are there.
Simpler rules for young companies
The most important thing governments can do is make the first three to five years of a company’s life far simpler, Colao said, speaking in Italian. Italy, Germany and France are still places of administrative and labour-law complications, he said.
He gave the...
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