Vittorio Colao: Europe missed the digital wave and must not miss the next

Former Vodafone CEO Vittorio Colao said at Wave by Vento in Turin that Europe has less than 2 gigawatts of AI computing capacity and needs more. He urged simpler rules for a company's first three to five years, open public procurement for small firms, and a real single capital market.

• Colao: Europe has under 2 GW of AI computing capacity
• He urged simpler rules for a startup's first 3-5 years
• Colao proposed reserving a share of public contracts for small firms
• He is sceptical of governments acting as venture capitalists