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China agrees to curb hybrid car exports to the EU after Beijing talks

China has agreed to moderate its exports of hybrid and plug-in hybrid cars to the EU, which EU trade commissioner Maroš Šefčovič said could cut them by more than half. He announced it on Friday in press remarks in Beijing, after the second round of EU-China trade and investment consultations. “It is unsustainable and it […]

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EIF’s incoming chief says Europe’s Tech Champions funds hold 15 unicorns

Europe must give its startups the capital to grow without leaving the continent, Jean-Christophe Laloux said. The incoming chief executive of the European Investment Fund spoke at Wave by Vento in Turin on Friday. “It’s not enough to innovate in Europe. You also must be able to scale in Europe. And that is really important […]

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Wayve and Stellantis tune one AI driver for Fiat, Jeep and Maserati

Every car will one day need an AI driving system, just as it needs seatbelts and emergency braking, Wayve chief executive Alex Kendall said. He spoke with Stellantis chief executive Antonio Filosa at Wave by Vento in Turin on Friday. Morgan Stanley’s Adam Jonas moderated. “I think over time we’re going to see this kind […]

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Goldman’s Marco Argenti says AI turns developers into managers of managers

Goldman Sachs is entering a third phase of AI adoption, in which the goal moves from saving money to making it, the bank’s chief information officer Marco Argenti said. He spoke with Bloomberg anchor Tom Mackenzie at Wave by Vento in Turin on Friday, in a session titled “Mindset, not skillset”. “How do you make […]

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Nik Storonsky wants Revolut to be Europe’s answer to Meta and Google

Revolut wants to grow beyond banking into a global tech company on the scale of the biggest US groups, but built in Europe, chief executive Nik Storonsky said. He spoke with Exor chief executive John Elkann at Wave by Vento in Turin, in a session titled “Global Champions, European roots”. “Our American dream, I mean, […]

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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 […]

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EU’s cyber agency and research centre are testing Chinese AI models

The EU’s cyber agency, ENISA, and the Commission’s own science service, the Joint Research Centre, have started testing open AI models from China, Politico reported. Three EU officials confirmed the work, the first time either body has spoken about it. These open-weight models are released in full, so anyone can download, run, and study them. Chinese […]

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Giorgia Meloni files to trademark her voice against AI deepfakes

Italian Prime Minister Giorgia Meloni has applied to trademark her voice at the European Union Intellectual Property Office (EUIPO). The EUIPO record lists a sound mark filed on 5 October in her own name, as an individual, through the Italian firm Praxi Intellectual Property. As of 9 October, the application was still under examination. The […]

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Dealroom CEO says Europe’s first trillion-dollar startup may already exist

Europe’s venture-backed companies could be worth more than its industrial base within five years, Dealroom founder and chief executive Yoram Wijngaarde said. He spoke at Wave by Vento in Turin on Thursday. “I think that the VC-backed ecosystem is going to overtake our industrial base in terms of total value created within the next five […]

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SAP’s Sean Kask: software firms must become AI companies or perish

Established software companies have to rebuild their products around AI, not add it as one more feature, SAP’s chief AI strategy officer Sean Kask said. He spoke at Wave by Vento in Turin on Thursday. “Like the famous quip that every company is becoming a software company, every software company has to become an AI […]

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