The annual World Economic Forum in Davos has become a focal point for discussions on global economic shifts, geopolitical tensions, and technological advancements.

One major topic that emerged prominently is the race for dominance in artificial intelligence (AI), a crucial factor shaping the future of the global economy and the power dynamics among the world's leading economic regions: the United States, China, and Europe.

A walk along the main promenade of Davos revealed the significant presence of companies in the AI sector, underscoring the industry's growing importance.

According to Uljan Sharka, CEO of iGenius, a firm within the AI industry, the competition is largely driven by computational power, which remains a distinguishing factor due to the global accessibility of data and talent.

The geopolitical discourse at Davos touched on restrictive measures.

The Biden administration's limitations on exports of advanced microchips to China represent a strategic move in the technological rivalry between the two countries.

Conversely, Europe's investment culture in tangible computational capabilities has been noted as less aggressive compared to the United States.

During the forum, European Central Bank President Christine Lagarde emphasized the need for a unified capital markets infrastructure in Europe, which currently suffers from inefficiencies despite housing substantial savings.

Discussions highlighted the idea of a banking and capital markets union to retain talent and financial capital within Europe, echoing similar sentiments expressed by the European Commission President Ursula von der Leyen.

Larry Fink, Chairman of BlackRock, emphasized the strength of the U.S. capital market infrastructure, which supports entrepreneurs and companies of all sizes, fostering greater innovation and adaptability.

This has been a significant driver behind the U.S.'s prowess in AI developments.

Energy access remains a pivotal concern in the AI race, as predictions for increased energy requirements for AI models abound.

Europe's higher energy costs present challenges to competitiveness.

However, advancements in energy-efficient chips, such as those developed by Nvidia, could potentially alleviate this disadvantage.

In terms of market value, American companies like Nvidia, with significant capitalization and technological leadership, reflect the U.S.'s leading position in the AI sector.

Comparatively, Europe's emerging AI enterprises, although promising, face challenges in closing the gap.

Regulatory approaches in AI diverge significantly among the major players.

While the Trump administration announced a deregulatory strategy during previous forums, the European Union continues to lead in establishing AI regulations to mitigate risks.

China's increasing state intervention is driven by security and geopolitical considerations, which have raised concerns among investors.

These dynamics reveal the underlying strategies of the three major powers, influencing the AI race that could define the future economic landscape and global geopolitics.

All the while, the lack of coordinated governance remains a critical gap in managing the profound promises and risks associated with AI development.