Borga Brende there wrapping it up their president and CEO of the World Economic Forum, having just spoken with the United States President Donald Trump as he addressed Davos, and just to run through some of the key focuses. Of course, his election win was where he focused initially and then tackling crime, immigration, energy inflation, whether it's looking at energy deregulation, even talking about powering AI in the US with coal,
tackling trade policies, deficits relationships. He spanned China, Asia, Canada, the EU, singling out some of the legal action being taken by the EU against some of the big tech companies here in the United States, of course Meta Google, Apple being singled out there, concerns about the Russia and Ukraine War once again focused on and in fact a view that all prices need to come down to be able to ensure peace there, and calling on Saudi Arabia to op its investment in the United States to a
trillion dollars, but also calling on Saudi Arabia and OPEK to reduce energy prices and all prices more broadly, and then going on to tackle the relationship the future focus of China. Let's wrap it up with bny Megs Lisa Bromowitz, who is out in Davos. What was it like to be there? What did you think about the statements and questions? Being my age as well, well.
I will just say, Caroline and thank you so much for having me that the line outside of the Congress Center where he was going to be broadcast was the longest I have ever seen in my years coming to Davos. There were people standing there for an hour ahead of time for the chance to be in that room, which gives you a sense at a time the last day, when a lot of people are already gone, of how important people thought this would be.
To listen to. I will say the fact that he.
Did take the time to message into Davos was very interesting in terms of an international outreach. In terms of the main takeaways for me, at least with respect to your question about what the main questions here were.
Number One, he wants lower.
Oil prices and he is going to ask Mohammed Vincelman of Saudi Arabia for a trillion dollar.
Investment in the United States.
He wants Opek to lower their prices, and he wants to quickly remove some of the constraints around regulations and permitting for energy projects. Number two, he wants lower interest rates. He wants lower interest rates for the United States and around the world, really trying to make.
That a priority. I thought that was very interesting.
And then of course the tip for tap but very much negotiation was very interesting. He had a much more constructive tone toward China towards Hi Hinping than potentially in the past.
I will just say that it was notable.
To me his comments to Brian Mooyn ahead of Bank of America saying open your bank for business to conservatives and saying Jamie over there at JP Morgan you too. It just shows sort of the overhang and the reason why DEI ESG not relevant at.
This particular DeVos.
At the same time that there is some of the initiatives sort of speak to those same issues, but very much in economic terms either way. Carolyn, a really interesting speech to cap four days of really intense economic conversations here at Davos.
Lisa, a question for you about the attendees in the mood in the room. You've spoken to a number of them during your time there. Ahead of the speech was the president's message and its responses to the questions enough to satisfy what they wanted to know going into it.
Well, I think that there still is a lot of uncertainty of exactly how they're going to strip away regulations, how quickly they're going to get permitting. I thought that Steve Schwartzman's question was really interesting and speaks to how much European leaders here at Davos have been talking about what they can do to emulate some of what Donald Trump is talking about here in Europe. So I think
that these all address the issues. I don't know that it gets into the nitty gritty because a lot of people want to see, where are the tariffs, what's negotiation, what's reality? That wasn't going to be answered in a speech today, But the fact that he messaged in was interesting in and of itself, basically saying he still wants to do business with the rest of the world, he feels still thinks the rest of the world is going
to be doing well. And then I thought was interesting given the fact that some people were saying, maybe he doesn't even care about doing business elsewhere.
Lisa Bromowitz from Davos, we thank you so much for coming late and wrapping up that key speech from the President of the United States. It's notable that in that speech he referenced artificial intelligence, wanting to be the world capital for it, and indeed thinking about how you're going to provide energy, even turning to Cole Look, this is on the back of that enormous one hundred billion dollar up to five hundred billion dollar investment in AI infrastructure,
as was announced by of course Larry Ellison. We had Masayoshi's son and indeed Sam Altman. Now on the back of that, Elon Musk and open Ai Sam Altman are actually feuding about whether the money is really real for Stargate. Let's bringing Max Chafkin, who knows a thing or two about this feud, and it's going on online.
Yeah.
Elon Musk, Sam Altman, of course co founders of open Ai back when it was a nonprofit. Elon Musk and Sam Altman are now locked in a lawsuit over that beginning and our competitors.
The thing we saw.
Starting yesterday is Elon Musk going on Twitter and essentially saying that this big announcement, this you know, day three of the Trump presidency, this big plan to create one hundred billion or even five hundred billion dollars worth of AI infrastructure is not true.
He called the news fake.
He said that Sam Altman is a quote swindler, and then he posted a series of messages suggesting that Altman was like secretly some sort of liberal at a time when Alman has been attempting to have sort of a trumpy evolution. Really unusual in the sense that normally you don't see the criticism of the big White House announcement coming from inside the White House, and that's what we're seeing right now.
Max.
If you're a CEO going in to meet with Donald Trump to talk about business the way he just invited them to do at Davos, what are you thinking after seeing this spat unfold.
I mean, I think that Altman and Masioshi san and all of these guys are doing their best to give Trump what he wants, which is these big moments, these press conferences, a lot of flattery, and so that's what they're doing.
I don't think that's going to change that much.
Nice check in wrapping up very quickly what is an ongoing feud online, and we'll have him back to talk about.
A little bit more. But that does it for this edition of Bloomberg Technology.
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