World Economic Forum, day 3-4 highlights
Yesterday, much of the WEF news focused on U.S. President Trump’s speech, but also on the order of the day was AI leaders hailing AI for its potential to boost productivity, profits, and even GDP. In many sessions some speakers did broach the topic of equitable progress for the everyday workers, whose lives and jobs they admitted would be disrupted by AI. BlackRock’s Larry Fink, co-chair of the WEF, said, “progress cannot be measured by GDP or market caps of companies. It has to be judged by many people who see it, who can touch it, can feel it, and can build their own future on it… dialogue is the only way a room like this can earn the legitimacy to shape ideas for people who aren’t in the room.” On the main stage, Nvidia founder and CEO Jensen Huang invoked his “five-layer cake” analogy when talking of energy, chips, compute, cloud data centers, AI models, and applications. “Most people think the AI models are where AI is,” said Huang, adding, however, that the applications are where “the economic benefit” will happen, particularly for what he deemed as “AI natives” across financial services, healthcare, manufacturing, robotics, and other sectors that he says will lead the next massive wave of economic growth. “We are a few billion dollars in right now, but there are trillions-of-dollars of infrastructure that have to be built out, and it’s sensible, because all of these contexts have to be processed so that the models can generate the intelligence necessary to power the applications that ultimately sit on top,” said Huang. For more highlights, check out RCRTech’s “World Economic Forum AI Roundup: days 3 & 4” and go to the WEF site live and on-demand streams of sessions.
Susana Schwartz
Technology Editor
RCRTech
AI Infrastructure Top Stories
WEF days 3-4: President Trump spoke of U.S. economic strength, Greenland, and NATO shortcomings, while AI leaders spoke of the need for energy and AI infrastructure investment to evolve AI toward more practical, meaningful uses.
Telecom-AI convergence: The PTC Annual Conference focused almost solely on AI buildouts, namely data-center buildouts for hyperscalers to train frontier models; terrestrial and subsea fiber; and power infrastructure for big AI builds.
Digital Reality in APAC: U.S.-based Digital Realty is set to enter the Malaysian market through the acquisition of CSF Advisers, owner of the TelcoHub 1 data center in Cyberjaya, one of Greater Kuala Lumpur’s established data center hubs.
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Metals influence on financial systems: China controls 80-90% of critical minerals and metals, and that’s a big problem for the West’s data center, energy, and defense sectors, says investment strategist Craig Tindale in this Blockspace podcast.
Pushback on Trump AI chip policy: On the heels of Trump’s decision to allow Nvidia chips to go to China, the U.S. House of Representatives Foreign Affairs Committee advanced a bill to expand congressional oversight of AI chip exports.
BlackRock advocates for tokenization: BlackRock CEO Larry Fink views tokenization as a revolutionary force transforming finance, enabling stocks, bonds, and real estate to become digital tokens on blockchains for faster, cheaper trading.
Google inks PPAs: In order to power data centers with carbon-free energy, Google is signing power purchase agreements with Clearway Energy Group for power to Google’s data centers in Missouri, Texas, and West Virginia.
Cisco CEO on AI infrastructure: Cisco CEO Chuck Robbins joined “Squawk Box” to discuss the shift to AI vendors, building AI infrastructure, future of AI adoption, and changing sentiment amongst business leaders.
Dems push for DC scrutiny: U.S. Senator Elizabeth Warren and other Senate Democrats are asking Treasury Secretary Scott Bessent to launch a probe into large debt packages supporting AI and the risks they may pose to the financial system.