— «America first» means «business first». Competition for AI and cheap energy. Tariffs and power politics instead of international rules.
— As the week wrapped up, depressed Europeans got a much-needed boost from BlackRock boss Larry Fink, who told the final WEF panel that there's too much pessimism around the Continent. "It's probably time to be investing back in Europe," said the King of Wall Street.
— "A walk down the Promenade, Davos' main street, offers a snapshot of key geopolitical and economic trends. Normally filled with ski shops and cafes, the thoroughfare has been transformed into a long line of sleek booths and lodges sponsored by countries and multinational corporations. Gone are the Russian pavilions from years past. Ukraine House, however, is a source of constant buzz, and not just when Volodymyr Zelenskyy was there."
— Ask Saudi Arabia and OPEC to "bring down the cost of oil." He said that once oil prices begin falling, he'll "demand that interest rates drop immediately."
— Ask NATO members to raise their defense spending to 5% of their GDP. Just over half of NATO members currently meet the 2% spending target.
— Lower the corporate tax rate to 15% — from the current 21% — for companies that "make your product in the U.S."
— He'll meet with Russian President Vladimir Putin soon to discuss a peace deal with Ukraine.
— By joining the "Strategic Intelligence Platform," Mongolia will gain access to more than 400 articles from international scientific and think-tank organizations and 4,000 research works, enabling the use of this knowledge to analyze current economic and industrial conditions and forecast future trends. This AI-based advanced platform is expected to enhance the strategies and planning of public organizations, increase public sector productivity, and positively influence decision-making processes.
— The World Economic Forum has been developing the "Strategic Intelligence Platform" over the past 10 years, and Mongolia is now the second country to implement this project.
— A poll from consultancy Accenture out on Monday revealed that 58% of execs expect generative AI solutions to be adopted at scale within the organization in 2025, up from just 37% in 2024. Several companies from Intel to Salesforce and Workday displayed AI-linked branding on the front of their spaces on the Davos Promenade.
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