Larry Fink

I don't think there's any uncertainty about AI.

There's no question of hundreds of billions of dollars is needed to build this out.

The CapEx is going to drive more global growth.

How that is going to be dispersed and where it's going to be, it's going to be really dependent on each and every government.

But I sincerely believe there is no bubble in the AI space.

In many ways, it's fulfilling the work that everybody has done.

I mean, taking on the responsibility was something that I was... It was pretty daunting for me to do that with my full-time day job.

And...

But the amazing team behind Davos really assisted with me and helped me out.

I have an amazing co-chair.

And importantly, though, I think everybody was in need of having a conversation.

You know, as a board, we talked about that we wanted to move the conversation and have a much more open, robust conversation.

And that's how we came up with the spirit of dialogue as the foundation of today.

But I think the confluence of so many things going on globally, I think, you know, we were able to be at the right moment in the right spot.

And importantly, let me start off with the foundational issues.

I mean, the 55 years of Klaus Schwab was a foundation of what we were being able to build upon, but no place other than the World Economic Forum in Davos

has the combination of world leaders, and we had 84.

I think the only other place where you have 84 world leaders in one place is at the UN in New York.

But we had over 800 CEOs in share.

We had civil society.