Overview
- WEF president Børge Brende cites about $500 billion invested in AI this year, saying the scale raises bubble risks and warrants caution.
- He says AI could lift productivity by up to 10% over the next decade and accelerate breakthroughs in medicine, synthetic biology, space and energy.
- Returns on heavy AI outlays may lag, he says, calling for investor patience as business models mature.
- He warns that declining global investment threatens growth and calls for a more investment-friendly environment.
- He describes the U.S.–China rivalry as a contest for technological dominance and backs plurilateral pacts to tackle cross-border risks, with these themes slated for the Jan. 19–23 Davos gathering.