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Equity

AI CEOs transformed Davos into a tech conference

Equity

TechCrunch

Business, News, Technology, Business News, Entrepreneurship

4.2 • 372 Ratings

🗓️ 23 January 2026

⏱️ 30 minutes

🧾️ Download transcript

Summary

The World Economic Forum's annual meeting in Davos felt different this year, and not just because Meta and Salesforce took over storefronts on the main promenade. AI dominated the conversation in a way that overshadowed traditional topics like climate change and global poverty, and the CEOs weren't holding back. There was public criticism of trade policy, warnings about AI bubbles popping, and a lot of talk about what comes next for the industry.    Meanwhile, back in Silicon Valley, AI startup Humans& raised a $480 million seed round with no product on the market, just a vision for "social intelligence" AI and a team of ex-Anthropic, Google, and xAI employees.    Today on TechCrunch’s Equity podcast, Kirsten Korosec, Anthony Ha, and Sean O'Kane discuss why raising hundreds of millions before building a product is apparently the new norm, which conversations took over Davos this week, and more.    Listen to the full episode to hear more from the week, including:  Whether Meta's 10% layoffs at Reality Labs means the end for the metaverse, and who’s defending Meta's VR investments  Serve Robotics' acquisition of Diligent, a startup bringing delivery bots into hospitals  OpenAI’s rumored earbuds and what we expect to see from the AI company’s first hardware product.  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Ready to ship AI that works, start building at MongoDB.com slash build.

0:05.5

Hello and welcome back to Equity.

0:08.4

TechRunch's flagship podcast about the business of startups.

0:12.3

Today is Friday, January 23rd.

0:14.6

I'm Kirsten Koresak, transportation editor here at TechRunch.

0:17.4

And I am joined by weekend editor Anthony Haugh and senior reporter

0:21.2

Sean O'Kane. And my question for Anthony, because every week I have one, is I'm just wondering

0:27.1

if on your Christmas list, I know, it's January, but if you're planning to ask for these

0:34.5

AI earbuds that are coming, apparently from Open AI.

0:38.3

Is that top of the list?

0:39.3

Absolutely not.

0:40.3

I feel like that's the kind of part.

0:43.3

But why?

0:44.3

I can imagine other people being interested in, but I does not appeal to me at all.

0:50.3

We don't even know for sure that it's going to be earbuds.

0:52.3

What Open AI has said kind of on stage is that there will be a hardware product this year, but they haven't offered any more details than that. There's other reporting saying it's going to be earbuds. And it seems likely that it's going to be earbuds. And maybe there's something in the announcement that would change my mind. My general feeling is that, and maybe this is also just a reflection

1:11.1

of my age, is that I'm like less and less interested in technology that's just sort of constantly

1:16.3

hanging out with you and like telling you stuff or poking you and rather stuff that you interact

1:22.1

with more purposefully. I mean, there's this whole idea of like ambient computing or, you know,

1:27.4

even what, you know, some of the initial pitch for the Apple Watch was that it was supposed to kind of change your relationship with, you know, you're not staring at your phone all the time, which is something that Sam Altman has talked about. It's like, hey, we want this to be less intrusive than the phone. And there's an appeal in that, but actually, I think as much as we might all hate

1:45.6

the amount that we stare at our phone, I think it's actually worse to have, you know,

1:49.9

some sort of device that's just speaking in your ear all the time. That seems even less desirable.

...

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