AI, credit card rates, and housing — what 6 of our portfolio name CEOs said in Davos (www.cnbc.com)

During the World Economic Forum in Davos, six CEOs from major companies shared insights on AI's impact on various industries. Amazon CEO Andy Jassy emphasized the importance of custom silicon for AI applications, suggesting that without it, companies could face significant cost disadvantages. He pointed out that to make AI accessible, the cost of inference must decrease, highlighting Amazon's development of its Trainium chips to achieve better performance and pricing. This move aligns with the growing demand for cost-effective AI solutions. Salesforce CEO Marc Benioff highlighted the rapid growth of AI within enterprise software while advocating for sensible regulation to ensure ethical use. Cisco CEO Chuck Robbins discussed the increasing applications of AI in sectors like customer service and manufacturing, indicating that large companies are customizing solutions based on specific needs. Honeywell CEO Vimal Kapur talked about the challenges of educating clients on quantum computing’s potential, reinforcing the promise of technologies that could reshape industries. Collectively, these discussions underscore AI's transformative role while pointing to the need for strategic development and regulatory frameworks to support innovation responsibly.