"There are good conversations" to keep Web Summit Lisbon

Paddy Cosgrave, CEO of Web Summit, remains vague about the future of the event in Portugal after the current contract ends. He acknowledges Lisbon as a second home and mentions ongoing discussions, but highlights that other European cities are also contenders. This year's summit will focus on China's technological advancements, particularly in AI and robotics, with a significant increase in Chinese participation. Cosgrave anticipates 70,000 attendees and notes a shift in participant demographics, with more from Eastern Europe. A study estimates the summit's economic impact on Portugal at €250 million annually, totaling nearly €2.5 billion over ten years.