India goes big to woo investors at World Economic Forum

India’s position on the global value chain is shifting due to government incentives and a digitally savvy economy Getty Premiums DAVOS, Switzerland — Along the Davos Promenade, attendees of the World Economic Forum stumble across the WeLead Lounge, a repurposed storefront showcasing India’s female leadership and talent. There’s also the India Engagement Center, a space … Read more

Saudi Arabia goes big in Davos as it looks to become a top AI tech hub

A pop-up showcasing Saudi Arabia’s Neom development features among the most prominent on the Davos promenade in 2024. CNBC DAVOS, Switzerland — For years, the United Arab Emirates has been the Middle East’s go-to tech hub, thanks partly to its lack of personal income tax, flexible visa policies, and competitive incentives for international businesses and … Read more

AI will be fine regardless of who wins White House

Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said generative artificial intelligence as a sector, and the U.S. as a country are both “going … Read more

AI models don’t need publishers’ data

Sam Altman, CEO of OpenAI, at the Hope Global Forums annual meeting in Atlanta on Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images DAVOS, Switzerland — Sam Altman said he was ‘surprised’ by the New York Times’ lawsuit against his company OpenAI, saying its artificial intelligence models didn’t need to train on the … Read more

AI takes over WEF’s main area pushing crypto aside

A pedestrian walks past the TATA pop up store with a poster reading ‘The Future is AI’ ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Sunday, Jan. 14, 2024. Bloomberg | Bloomberg | Getty Images DAVOS, Switzerland — For the last few years at the World Economic Forum cryptocurrency firms dominated the … Read more

PayPal’s stablecoin is first dollar-backed digital foreign money from a significant U.S. monetary establishment

The PayPal software will be seen on a cell phone. Felix Kästle | image alliance | Getty Pictures PayPal on Monday launched a U.S. dollar-backed stablecoin to assist facilitate funds as its newest addition to its suite of crypto providers. It is the primary such transfer from a significant U.S. monetary establishment. The brand new … Read more