'I am betting big,' said Peter Kyle at the annual World Economic Forum in Davos, Switzerland. 'I am betting big,' said Peter Kyle at the annual World Economic Forum in Davos, Switzerland. 'I'm picking winners': UK business secretary takes activist approach to economic growth AI evangelist Peter Kyle wants to scale up businesses, attract overseas investors and look out for UK's poorer regions The UK business secretary, Peter Kyle, has said he is "betting big" and "picking winners" as the government takes direct stakes in growing businesses to boost economic growth. Speaking at the World Economic Forum in Davos, where he and the chancellor, Rachel Reeves, have been talking up Britain's prospects, Kyle said ministers were taking an "activist" approach to industrial policy. The idea of "picking winners" is closely associated with the Conservative prime minister Margaret Thatcher's attacks on Labour's 1970s strategy and her argument that it should be the private sector that decides which companies thrive.

Humanoid robots, space travel, the science of aging--Musk was willing to weigh in on all of it at this week's World Economic Forum. But his predictions rarely work out the way he says they will. Elon Musk speaks during the World Economic Forum Annual Meeting in Davos, Switzerland on Thursday. Elon Musk, the richest man on Earth, is very good at making money. His track record of predicting the future is less stellar.

While AI is all over the stages, Trump is dominating the side conversations. I've been here for two days now, attending meetings, speaking on panels, and basically trying to talk to anyone I can. And as far as I can tell, the only things anyone wants to talk about are AI and Trump. Davos is physically defined by the Congress Center, where the official WEF sessions take place, and the Promenade, a street running through the center of the town lined with various "houses"--mostly retailers that are temporarily converted into meeting hubs for various corporate or national sponsors. So there is a Ukraine House, a Brazil House, Saudi House, and yes, a USA House (more on that tomorrow). There are a handful of media houses from the likes of CNBC and the .

Greenland'will stay Greenland', former Trump adviser declares Donald Trump will not be able to force Greenland to change ownership, a former top adviser to the US president has told the BBC. IBM's vice chairman Gary Cohn, who advised Trump on the economy in his first term, said Greenland will stay Greenland and linked the need for access to critical minerals to his former boss's plans for the territory. Cohn is one of America's top tech bosses, a leader in the race to develop AI and quantum computing, and served under Trump as director of the White House National Economic Council. In a sign of how seriously business leaders are taking the crisis, he warned invading an independent country that is part of Nato would be over the edge. He also suggested the president's recent comments about Greenland may be part of a negotiation.

In an increasingly digital world, connectivity is a necessity. Yet, nearly a third of the global population remains offline, unable to access the services vital to participating in our global digital economy and society. The Edison Alliance at the World Economic Forum has worked to change that by delivering digital connectivity and access to financial, healthcare, and education services to those who need them most. Our partnerships with governments, industries, and non-governmental organizations drive lasting systemic change. The World Economic Forum played a pivotal role in launching and guiding the Alliance's work, providing a platform for stakeholders to come together and commit to a vision with actionable ideas and plans.

Ukrainian President Volodomyr Zelenskyy gives his outlook on the conflict and offers an update on his country's counter-offensive on'Special Report.' Ukrainian President Volodymyr Zelenskyy huddled with corporate executives and world leaders in a frenzied first full day of the World Economic Forum's annual meeting in the Swiss ski resort of Davos, where top officials from the United States, European Union, China, the Middle East and beyond spoke Tuesday about tackling conflict and embracing technology like artificial intelligence. Zelenskyy is endeavoring to keep his country's long and largely stalemated defense against Russia on the minds of political leaders, just as Israel's war with Hamas, which passed the 100-day mark this week, has siphoned off much of the world's attention and sparked concerns about a wider conflict in the Middle East. "It is important that you stand with us, I thank you for your support. It is very important to be here, to boost investment in Ukraine and support our economy," Zelenskyy said at an invitation-only "CEOs for Ukraine" session, according to his office.

Recent years have heralded a particularly disruptive period in human history. Against the backdrop of a warming planet and the spillover effects of the COVID-19 pandemic, we face some of the most challenging economic and geopolitical conditions in decades. And things may only deteriorate from here. These challenges are detailed at length in the World Economic Forum's Global Risks Report 2024, released this week. The report, based on the views of nearly 1,500 global risks experts, policy-makers, and industry leaders, finds that the world's top three risks over the next two years are false information, extreme weather, and societal polarization.

Heritage Foundation researcher Emma Waters joins'Fox & Friends Weekend' to discuss a recent report that a global birth decline is good for the planet. More than 60 heads of state and government and hundreds of business leaders are coming to Switzerland to discuss the biggest global challenges during the World Economic Forum's annual gathering next week, ranging from Israeli President Isaac Herzog to Ukrainian President Volodymyr Zelenskyy. The likes of U.S. Secretary of State Antony Blinken, Chinese Premier Li Qiang, EU Commission President Ursula von der Leyen, French President Emmanuel Macron, U.N. Secretary-General Antonio Guterres and many others will descend on the Alpine ski resort town of Davos on Jan. 15-19, organizers said Tuesday. Attendees have their work cut out for them with two major wars -- the Israel-Hamas conflict and Russia's invasion of Ukraine -- plus problems like climate change, major disruptions to trade in the Red Sea, a weak global economy and misinformation powered by rapidly advancing artificial intelligence in a major election year. Trust has eroded on peace and security, with global cooperation down since 2016 and plummeting since 2020, forum President Borge Brende said at a briefing.

Fox News correspondent Grady Trimble has the latest on fears the technology will spiral out of control on'Special Report.' Artificial intelligence will help close the gender gap by handling more domestic chores and thereby allowing women more time for work and leisure, according to the World Economic Forum (WEF). The WEF's conclusion stems from new research showing that advancements in automation and AI will allow robots to take over a significant proportion of domestic chores over the next decade. Specifically, a panel of AI experts estimated that, based on a list of 17 common domestic tasks, an average of 39% of the time spent per task could be automated within 10 years. The findings were published in PLOS One, a peer-reviewed journal.

ARTIFICIAL INTELLIGENCE The European Union's Artificial Intelligence Act, explained The proposed Artificial Intelligence Act would classify AI systems by risk and mandate various development and use requirements. Spencer Feingold Digital Editor, World Economic Forum Share: OUR IMPACT What's the World Economic Forum doing to accelerate action on Artificial Intelligence? The proposed Artificial Intelligence Act would classify AI systems by risk and mandate various development and use requirements. European lawmakers are still debating the details, with many stressing the need to both foster AI innovation and protect the public. The European Union (EU) is considering a new legal framework that aims to significantly bolster regulations on the development and use of artificial intelligence.