Tech companies attending Davos 2024 shifted toward artificial intelligence (AI) and away from cryptocurrency, according to various reports from CNBC on Jan. 16.
Dante Disparte, CSO of the stablecoin firm Circle, told CNBC:
“Today, there are very few crypto houses along the Promenade. They’re all AI houses, which is good … That suggests that [crypto] is becoming a background technology … I get to become a vintage player.”
Brad Garlinghouse, the CEO of Ripple, also commented on attendees’ shift toward AI in response to CNBC’s Arjun Kharpal. Garlinghouse said:
“I think every new technology goes through a hype cycle … I think AI is also a technology here to stay, transformational in a lot of ways … but also not exactly clear what the business models are [and] how it’s going to play out.”
Garlinghouse suggested that crypto is past AI’s current stage in the hype cycle and called this a “very positive thing for the crypto industry.” He added that he is a “voyeu
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