Nokia CEO on why the US and Europe must work together on tech

Nokia CEO Justin Hotard has issued a clarion call for collaboration between the US and Europe, emphasizing the necessity for a united front in the technology sector. Speaking at a recent industry conference, Hotard highlighted the interdependence of global tech ecosystems and warned that the sector's survival hinges on transatlantic cooperation. He pointed out that the challenges posed by rapid technological advancements and geopolitical tensions require collective strategies to ensure resilience and innovation. Hotard underscored the importance of shared values and mutual interests in fostering a robust transatlantic tech alliance. He noted that both regions possess unique strengths, with the US leading in tech innovation and Europe excelling in regulatory frameworks. By leveraging these complementary assets, Hotard argued, they could set global standards that promote ethical tech development and deployment. This partnership, he suggested, would not only drive economic growth but also reinforce democratic principles in the digital age. The Nokia CEO's comments come amid increasing global competition and the rise of new tech powerhouses. As the digital landscape evolves, Hotard urged policymakers and industry leaders to prioritize collaboration over competition. He stressed that a fragmented approach could hinder progress and leave both regions vulnerable to external threats. In concluding his address, Hotard called for immediate action to forge a strategic alliance that would ensure the long-term viability and security of the tech sector.

— Authored by Next24 Live