Tech CEOs Unveil Global AI Expansion Plans at Davos as Startups Raise Billions Without Products
Summary
Tech giants announce massive global AI expansion plans at Davos while startups with no actual products raise billions in funding, as Tesla removes human safety monitors from Robotaxis in deregulated Texas markets.
Key Points
- Tech CEOs at Davos outline plans for global AI expansion, with Microsoft's Nadella describing 'token factories' (datacenters) spreading worldwide and Google showcasing new iterations of Google Glasses to delegates
- AI startups continue attracting billions in investment despite having minimal or no products, with Thinking Machines Lab raising $2bn at $12bn valuation and Humans& securing $480m at $4.48bn valuation without launching any offerings
- Tesla removes human safety monitors from some Robotaxis in Austin, taking advantage of Texas's minimal autonomous vehicle regulations compared to California's strict three-stage permitting process