Business. News – Jan 27, 2025

Donald Trump and AI have dominated conversations at the World Economic Forum

Spriha Srivastava, Dan DeFrancesco, Hugh Langley, and Jamie Heller. BI. Jan 21, 2025.

The World Economic Forum in Davos began in earnest Tuesday.

Trump's return to the White House and AI have dominated conversations.

This is what BI reporters have been hearing and seeing on the ground.

As the rich and powerful gather for the World Economic Forum in Davos, Business Insider journalists are chairing panels, interviewing agenda setters, and speaking to people in the wings and at parties.

This is what has been happening there on Tuesday.

The talk at the parties was about who will fly over from DC

Monday was officially day one of Davos, but the action was taken up a notch on Tuesday. One question people at parties have been asking: Which of the CEOs who showed up to Trump's inauguration will make the trip to snowy Switzerland?

Uber CEO Dara Khosrowshahi is set to make an appearance on Thursday, but will Sam Altman also return? If Sergey Brin can make the time for Trump's inauguration, might he also make a trip over in a private jet?

Separately, I spotted Microsoft president Brad Smith holding court with a gaggle of people outside Microsoft's house. I also saw Amazon CEO Andy Jassy going through the conference center security scanners. Tech bosses, they're just like us!

2 CEOs told BI they expect Trump's administration to be good for business

Elon Musk's DOGE might be in the business of cutting, but several tech companies we spoke to also see dollar signs. President Trump on Monday signed an executive order creating Doge, which describes its goal as "modernizing Federal technology and software."

Hewlett Packard Enterprise CEO Antonio Neri said the new administration wants "more business, not less" from a tech perspective. "I consider the government a large enterprise," he told BI. Meanwhile, Eric Clark, the CEO of NTT Data Americas, said, "I think we'll see opportunities for expansion very quickly."

He said NTT works with the federal government, that it did well under Trump 1.0, and that they expect the new administration to be "pro-technology and pro-business."

BI moderated a star-studded panel on crypto's future

The day after bitcoin hit a record high, I moderated a star-studded panel on all things crypto — the outlook, the regulatory framework, and the launch of Trump and Melania's meme coins.

Joining me were Lesetja Kganyago (governor, South African Reserve Bank), Brian Armstrong (CEO, Coinbase), Denelle Dixon (CEO, Stellar Development Foundation), Jennifer Johnson (CEO, Franklin Templeton), and Anthony Scaramucci (founder, SkyBridge Capital).

"When you vote for Donald Trump, you get the whole thing," Scaramucci said during the panel discussion. Scaramucci said $Trump — now worth billions — "hurts the industry" because it will vex older politicians and lawmakers and will probably "slow down" the regulatory process. My colleague Theron Mohamed has more.

The panel offered fascinating insights into where everyone stands on regulation.

Regulatory uncertainty continues to be one of the biggest challenges for the crypto industry, with different governments worldwide taking different approaches. The panel agreed more clarity was needed — something they are expecting to get from Trump's second term.

People are feeling upbeat about Trump and his impact on the economy

Trump's return has brought mixed feelings to Davos, but in conversations I'm having with folks — some on the record, some behind closed doors — there's an emerging upbeat feeling about the economy and potential for growth.

"CEOs and management teams seem to be much more optimistic about the macro environment," said Neil Dhar, a global managing partner at IBM Consulting. "I think some of that is probably that the world has gone through a massive election cycle, and I think now that people know the direction of travel."

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Episode 3944 - Jan 28 - Tiếng Anh - Tin Kinh doanh – Ngày 27 tháng 1, 2025 - Vina Technology at AI time