Nokia CEO warns Europe lacks AI data centre capacity
Nokia CEO Justin Hotard says Europe risks losing business to global rivals due to regulatory and energy constraints. He notes that investment remains too low.
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NOKIA OYJ has warned that Europe is falling behind in the global race to develop artificial intelligence infrastructure, risking a migration of business and talent to the United States and China. Justin Hotard, the head of the company's AI and cloud business, noted that while global technology giants are committing hundreds of billions of dollars to AI scaling, European progress remains hampered by regulatory hurdles and energy limitations.
