Tech

“How to make it pay” – AI discussion at Davos

Published

2 years ago

January 18, 2024

While the streets of Davos are adorned with vibrant banners extolling the promise of artificial intelligence, executives attending the World Economic Forum have expressed their struggles in translating early AI demonstrations into profitable ventures.

The emergence of OpenAI’s viral ChatGPT triggered a frenzy of venture investments and prompted significant shifts within the world’s largest technology companies since late 2022.

However, at this year’s WEF meeting in Davos, several CEOs have voiced their reservations about the current state of generative AI.

AI letdown

Matthew Prince, CEO of cloud and internet security company Cloudflare, suggested that the coming months might feel like an “AI letdown.”

He echoed the sentiment among business leaders that while creating impressive AI demonstrations is feasible, the challenge lies in realizing substantial economic value.

ChatGPT’s rapid ascent is somewhat of an anomaly.

Within the first two months since its launch in November 2022, the chatbot amassed an estimated 100 million users, making it one of the fastest-growing applications in history.

It allowed users to generate content, from poems to school essays, and served as a creative partner for non-business-critical ideas, according to Victor Riparbelli, CEO of AI video generation startup Synthesia.

Not prepared

However, Riparbelli noted that the enterprise sector is not yet fully prepared for chat-based AI. One concern is the absence of a clear strategy to mitigate “hallucinations,” or the generation of false content by AI.

Businesses are also grappling with the challenge of preventing AI chatbots from perpetuating human biases and complying with regulations.

China’s Premier Li Qiang, speaking at Davos, emphasized the importance of ensuring that AI serves the common good while being appropriately governed due to the associated risks to security and ethics.

China’s President Xi Jinping has called for the United Nations to play a central role in AI discussions, as confirmed by U.N. Secretary-General António Guterres.

A survey conducted by consultancy BCG revealed that approximately 90% of 1,400 C-suite executives are either waiting for generative AI to move beyond the recent hype or are conducting limited experiments and pilot programs.

Tech

Apple set to unveil budget iPhone 17e, new iPads and low-cost MacBook

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Published

5 days ago

February 27, 2026

Harvey Vargas

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Apple Inc. CEO Tim Cook has confirmed a major week of product announcements kicking off Monday morning, building momentum toward a global “Apple Experience” event across New York, London and Shanghai. The tech giant is expected to spread its reveals across three days, fuelling speculation about its biggest refresh cycle yet.

Leading the buzz is the rumoured budget-friendly iPhone 17e, signalling Apple’s push to capture more price-conscious consumers without sacrificing performance. Two new iPads powered by advanced chips are also tipped to headline the lineup, pointing to stronger AI capabilities and faster processing speeds.

Rounding out the expected reveals is a low-cost 12.9-inch MacBook that’s already generating serious interest, alongside updated MacBook Pro models and a refreshed Mac Studio. It’s shaping up to be one of Apple’s most significant multi-product launches in recent years.

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#Apple #TimCook #iPhone17e #AppleEvent #TechNews #iPad #MacBook #Innovation

Tech

Nvidia posts record revenue as AI fears shake investors

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Published

5 days ago

February 27, 2026

Harvey Vargas

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Nvidia posted strong quarterly earnings, but Wall Street remained unimpressed, causing shares to fall 5%. Analysts point to investor concerns over AI dominance and a stalled $100 billion deal with OpenAI.

Experts discuss what factors in the earnings report failed to meet market expectations, including revenue projections and details around the Vera Rubin chip architecture. Competition from alternative chipmakers and scrutiny of hyperscaler cash flows are also shaping investor sentiment.

Despite recent setbacks, analysts remain cautiously bullish on Nvidia, highlighting long-term AI potential and the company’s dominant position in the chip market.

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Tech

Meta launches lawsuits over alleged scam advertising operations

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Published

5 days ago

February 27, 2026

Harvey Vargas

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Social media giant Meta has launched aggressive legal action targeting alleged scam operations using its platforms. The company has filed lawsuits against four advertising networks based in Brazil, China and Vietnam.

Meta has also issued cease and desist letters to eight marketing consultants accused of helping clients bypass the platform’s enforcement systems. The move signals a tougher stance on organised scam activity operating at scale.

While no criminal charges have been laid, Meta says it is doubling down on efforts to protect users and restore trust across its platforms as scam activity continues to rise globally.

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