What happened
Tech CEOs and global leaders at the World Economic Forum in Davos extensively discussed Artificial Intelligence, encompassing its economic impact, job displacement, ethical dilemmas, and geopolitical concerns, including the sale of AI chips to China. This widespread discourse highlighted both AI's potential for growth and productivity, and the risks associated with its rapid development and deployment, shifting focus towards tangible results and return on investment.
Why it matters
The prominent and varied AI discussions at Davos introduce an increased oversight burden for strategic planning and technology assessment functions. Compliance and IT security teams face heightened exposure to evolving ethical and geopolitical risks related to AI deployment and supply chains. Procurement and platform operators encounter tightened dependencies on AI capabilities, necessitating enhanced due diligence to evaluate emerging solutions and potential integration challenges, particularly concerning data governance and technical reliability. This reduces the explicitness of traditional economic indicators as sole drivers for technology investment decisions.
