Davos Forum2024: Dystopian AI Vision Disappears at Davos

Davos Forum2024: Optimism Prevails as Experts Predict No U.S. Recession, AI Takes Center Stage, and Ethical Concerns Diminish

WEF, Davos Forum

The 2024 World Economic Forum ( WEF, Davos Forum) ended on the 19th (local time). CNBC , an American economic media outlet , summarized the contents of the Davos Forum in two points. ‘There were many predictions that the U.S. economy would not fall into a recession this year,’ many tech companies promoted artificial intelligence ( AI ), and forum attendees were not overly concerned about the dystopian aspect of technological development.

CNBC reported, “An overwhelming number of economic experts and corporate executives have agreed in private conversations that a recession in the U.S. economy will not occur this year.” The combination of the U.S. Federal Reserve’s interest rate cut and the continued economic confidence of U.S. consumers can help prevent the negative impact of geopolitical conflicts currently taking place around the world on the economy.

CNBC reported that the big difference between this year’s Davos Forum and last year is that it appears to be virtual currency in the setting year and artificial intelligence in the rising year . At last year’s Davos Forum, the speaker’s favorite topic was virtual currency, but this year, numerous companies brought up artificial intelligence. AI is becoming an indispensable element not only in tech companies but also in the culture and arts world.

In particular , it is noteworthy that optimism regarding the ethical issues of AI has increased significantly. The discourse on AI, once dominated by dystopian content, contained a bright future in both formal and informal settings held at the Davos Forum. Sam Altman, CEO of Open AI , said, “ The idea that AI will be the beginning of the destruction of humanity has now changed.” He went from previously predicting that “ AI would replace humans in the job market,” and now “companies are looking carefully at allowing AI to complement human labor,” he added, according to CNBC .

China’s economic outlook was also a big topic in Davos. Prime Minister Li Chang drew attention by attending in person, but he could not hide the weakening vitality of China’s economy. The Chinese economy has not recovered to its pre-coronavirus level, and the growth rate in 2023 was set at 5.2%. Ian Bremer , CEO of Eurasia Group, said, “As Western companies’ investments in China decline, the Chinese economy faces significant structural challenges,” and pointed out, “The Chinese market is not taking up the same proportion as it used to in Western companies’ future plans.

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