Liberty Global Ltd. Chairman and CEO Mike Fries spoke at Davos 2026 on CNBC's Squawk Box, highlighting the current "transformational moment" for artificial intelligence $(AI)$ and its potential to fundamentally reshape industries. Fries emphasized that while AI capabilities are advancing at unprecedented speed, there is a significant gap between what is possible and how industries are deploying the technology. He also discussed Liberty Global's strategy to unlock value across its telecom assets and expand investments in media, infrastructure, and sports, including its involvement with Formula E. Fries reflected on the shifting geopolitical and technological landscape, noting the emergence of a "more muscular Europe" focused on industrial policy, defense spending, and economic growth, and expressed optimism about the continued strength of transatlantic relations.
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