Davos 2023: What Silicon Valley CEO's Are Saying About ChatGPT-Style AI at the World Economic Forum

ChatGPT has taken the internet by storm ever since developer OpenAI decided to allow users to try out the service. At the World Economic Forum in Davos, the chatbot is set to receive a lot of attention, especially from CEOs of firms including Microsoft, Sony, Cloudflare, Palantir, and CarMax.

This investment is likely to create direct employment for at least 10,000 people in the state, said state Industries Minister Uday Samant on Monday.

This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago.

While recent data has raised hopes economies can still pull off a soft landing, last year's surge in inflation and the subsequent hiking of interest rates by central banks have many braced for economies to contract.

Climate change is increasing malaria infections, the executive director of the world's biggest health fund said in Davos on Monday.

Amid rising geopolitical risks, a vast majority of Indian CEOs have indicated in a survey that they are reducing or planning to reduce operating costs, even as they are more upbeat than their global peers on their country's economic prospects.

More than Indians, who were also seen enjoying their pizza and fondue, foreigners appeared more keen on samosas, kachoris, tikkas and biryanis, as also various Indian flavours of tea and coffee.

A new age of great-power rivalry is redrawing the map of the world economy and forcing business chiefs to navigate around a growing number of global flashpoints.

The WEF said globally businesses are expected to cut costs significantly in response to economic headwinds, but chief economists are optimistic about inflation and strong balance sheets.

While Davos has not seen any major security issue in over 50 years of hosting the WEF meeting, insiders say that the military cog has always been the best here when it comes to coordinating between various units.

The theme of the World Economic Forum (WEF) summit would be 'Cooperation in a Fragmented World' and it will convene more than 2,700 leaders from 130 countries.

The theme for this year's World Economic Forum (WEF) meeting, to be held in Davos, Switzerland, from January 16 to 20, will be 'Cooperation in a Fragmented World'.

Environmental lobby group Greenpeace accused attendees of the annual Davos meeting of a "distasteful masterclass in hypocrisy" on Friday over their use of private jets to travel to the event in the Swiss Alps.

A record number of business and government leaders will descend on the Swiss resort of Davos next week to pore over challenges ranging from global economic slowdown to environmental collapse as the World Economic Forum returns to its winter slot.

Top politicians and world business leaders are set to meet for the annual Davos summit in the Swiss Alps next week under the shadow of war in Ukraine, a climate crisis and global trade in disarray.

India's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable

With the cryptocurrency worlds luminaries having joined globetrotting elites at Davos and punters swept up in the market crash suffering sleepless nights its time for regulators to reflect on the real-world impact of the next boom-and-bust crypto cycle.

Telangana minister KT Rama Rao said that his 10-day trip to the UK and the World Economic Forum, Davos, had concluded successfully.

There is a lot of interest among international companies for defence manufacturing in India because the world sees India a safe place to work, Minister of Commerce and Industry Piyush Goyal said.

India's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable