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Message: <blockquote data-quote="Jessica Pearson - Managing Director" data-source="post: 240702" data-attributes="member: 39846">Okay party people. So, as many of you probably have, I have been seeing the craziness going on at Davos this year. What is Davos?Davos is a ski resort near Zurich and every year it hosts the annual meeting of the World Economic Forum (WEF). It kind of like an annual networking session where business and industry titans, politicians and the who's who of academic, NGOs, religious leaders and media professionals. What is going on?This year has been particularly newsworthy. Of course, there has been clashes between Trump and everybody else (i.e. European leaders) over Greenland which I previously touched on. Also, Mark Carney (Canadian PM) made a very interesting speech - watch or read it if you can. Even before all this hullabaloo, the WEF published the Global Risks report with the number 1 ranked short-term issue being Geoeconomic Confrontation, number 2 being Misinformation and Disinformation, and number 3 being Societal Polarisation. Gloomy. Kristalina Georgieva, Managing Director of the IMF discussed public debt and developing countries spending more on repaying debt than critical needs like healthcare and education in the Global Economic Outlook session. Georgieva urged countries to restructure their debt - interesting to see how this will impact borrowing (if it does at all). AI was a big talking point and CEO of Nvidia Jensen Huang was in attendance, putting a positive spin on how AI technology can potentially empower people. Others in attendance were not so positive, mentioning its inaccessibility and the potential to stunt brain development, especially in children. This Davos was framed around 5 questions which may be interesting to consider.<ul> <li data-xf-list-type="ul">How can we cooperate in a more contested world?</li> <li data-xf-list-type="ul">How can we unlock new sources of growth?</li> <li data-xf-list-type="ul">How can we better invest in people?</li> <li data-xf-list-type="ul">How can we deploy innovation at scale and responsibly?</li> <li data-xf-list-type="ul">How can we build prosperity within planetary boundaries?</li> </ul>How can this impact firms and their clients? It is difficult to say with any certainty how Davos will impact things, after all these are just discussions. But I consider the growing tensions amidst the ebbs and flows of global alliance. Businesses may struggle to make definitive decisions when it seems like trade at any moment could collapse. AI has escaped the bottle and there is likely no going back.  NVIDIA is the biggest company by market capitalisation (stock value) and they are crucial to AI development. For now, at least, it seems like the Greenland fiasco has been tabled. In my opinion, the best firms will need to future proof clients. <ul> <li data-xf-list-type="ul">There is a could be a move past AI hype. Technology now needs to be explainable, secure, and useful. At the same time, there are massive deals (M&A and financing) surrounding AI. This includes the energy sector, healthcare, employment (AI chatbots leading to a reduced headcount), agriculture, R&D (Life Sciences etc.) and so many more.</li> <li data-xf-list-type="ul">Issues around supply chains may arise with shipping being a major focus for some firms, they may be impacted in the work that is available. Countries (and companies) may move away from globalisation to mercantilism - considering if they can sustain themselves if trade becomes too costly or unpredictable.</li> <li data-xf-list-type="ul">If countries take the (unofficial) advice of the IMF and restructure deals, firms that specialise in advising sovereign funds and/or creditors would have a lot more on their plate.</li> </ul>This was a doozy. What do you think?</blockquote>

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