AI fever takes over Davos pushing crypto aside as the new cool kid on the block

Posted under: Fintech
Date: 2024-01-19
AI fever takes over Davos pushing crypto aside as the new cool kid on the block

For the last few years at the World Economic Forum cryptocurrency firms dominated the main strip in Davos, promoting their wares. But in 2024, artificial intelligence has taken over. The focus at the World Economic Forum in Davos has shifted from cryptocurrency to artificial intelligence (AI) in 2024. Major companies, including Intel and Salesforce, are promoting their AI products and services, declaring that "The future is AI." This transition reflects the rising investments and interest in AI, particularly fueled by the success of OpenAI's ChatGPT. The AI dominance at Davos is evident, with slogans, events, and spaces dedicated to AI technologies. The shift contrasts with previous years when cryptocurrency firms dominated the scene. Despite the reduced presence of crypto companies, there's a narrative that they no longer need to prove themselves, especially after the recent approval of a bitcoin ETF by the U.S. SEC, solidifying crypto's legitimacy as an asset class.

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