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

240116 ai house davos mn 1515 8ed982

DAVOS, Switzerland — 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. Some of the world’s biggest companies are pushing their AI products and services with one declaring: “The future is AI.”

This shift underscores the rapid rise in AI investments and interest last year, sparked by the explosion of popularity of ChatGPT, the AI chatbot developed by OpenAI, and launched at the end of 2022.

Global technology companies are jostling to take a lead position in AI and are they are likely hoping their big statements on the Davos Promenade will serve to show their prowess in the field.