WEF 2024: We are living in an era of geopolitical recession, says Eurasia Group's Ian Bremmer

Technology is moving faster than governments, particularly when it comes to artificial intelligence (AI), said Ian Bremmer, President and Founder of the Eurasia Grop and GZero Media, on Thursday, January 18.

"These companies are increasingly sovereign in determining what AI is doing, what shows up on their platforms, how they engage, and how you engage with it... if you want to look at the governance of AI, you need to first and foremost understand the companies and their business models," Bremmer told CNBC-TV18 from the sidelines of the World Economic Forum in Davos, Switzerland.

Bremmer also said that "we are living in an era of geopolitical recession," and the American political scientist has listed the US confronting itself as one of the top global risks the world faces this year.

On Ukraine, Bremmer said that President Zelensky is fast losing support and is having a harder time getting military support. Just last week, the US halted the military aid it had been providing to Ukraine, and any further support on funding will require a vote in the US Senate dominated by the Republicans.

Calling 2024 "particularly geopolitically dangerous," Bremmer said that the Israel-Palestine war will escalate significantly.

"It's virtually certain that this war will escalate significantly, not only because the war in Gaza will continue but also because you will see greater levels of skirmishing with the Hezbollah and the North. And because the Houthis are not going to be deterred by the United States, even though there have been direct military strikes on Yemen just in the last few days. We've seen terrorist attacks in Israel. We've also seen military strikes between Iran and Pakistan both ways. I mean, there is a lot of tinder, and is very dry. And it is very easy for a spark to ignite this."

On India, Bremmer said India has taken over the promenade because it is not just one country; it is a bunch of states.

On the country's political milieu, Bremmer said, "You have a very stable election with a leader (PM Modi) that has over 75% approval... He's an economic reformer. He's pretty pro-business. So you're getting the growth."