2024-01-18 07:13:21 ET
Highlights so far: OpenAI CEO Sam Altman announced that coming products are "going to make a lot of people uncomfortable" due to "quite a lot of individual customization" that can result in different answers based on values or user location. On the supply chain, Ngozi Okonjo-Iweala, director general of the World Trade Organization, said the body is "slightly less optimistic" on its goods trade forecast for 2024 due to expanding conflict zones like the one seen in the Red Sea. On the economy, Goldman Sachs ( GS ) CEO David Solomon related that the "market was clearly running ahead to a position of many [rate] cuts," while Bank of America's ( BAC ) Brian Moynihan said the Federal Reserve has "got to get normalized and get out of the way."
More from Davos
- OpenAI confirms relationship with US military
- Chevron still shipping cargo via Red Sea route, CEO Wirth says
- European markets fall as ECB members push back rate cut expectations at Davos
- Microsoft CEO: No issues with OpenAI's structure
- Occidental CEO Hollub predicts oil supply crunch from 2025
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Global cooperation in question as business elite meet in Davos