Future Investment Initiative engaged in a dynamic session titled Making Change and New Standards, for the betterment of humanity

25 Oct 2023

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Future Investment Initiative engaged in a dynamic session titled "Making Change and New Standards," for the betterment of humanity

During a lively discussion titled "Making Change and New Standards," the Future Investment Initiative (FII) discussed the critical role that technology, particularly artificial intelligence (AI), and international cooperation play in improving humankind. The Public Investment Fund (PIF) governor and head of the FII Institute, Yasir Al-Rumayyan, emphasised the Kingdom's dedication to renewable energy, noting that it is expected to account for half of the nation's energy sources by 2030.

He underlined that the Kingdom's growth is moving quickly because of clear goals and strong political resolve. Al-Rumayyan underlined how crucial it is to make investments in renewable energy in order to guarantee a future that is more sustainable.

Al-Rumayyan, in his speech on AI, emphasised the importance of international cooperation in order to improve AI knowledge. He emphasised how important it is to form alliances that produce AI applications that advance human welfare, particularly as we move closer to artificial superintelligence in the future. Finding a balance in the application of AI becomes crucial.

Directors of significant international corporations were among the attendees who talked about the importance of financial services in encouraging investment and providing assistance. They underlined the necessity of incentives that support improving chances, gauging economic competitiveness, and constructing global economic shock resistance. It was emphasised again how crucial it is to establish a robust competitive environment that promotes global economic growth.

The necessity of international collaborations was emphasised by the attendees in order to make advances in a number of fields, including mining and health. They emphasised how cutting-edge technology, such as artificial intelligence (AI), may be used to solve problems in the pharmaceutical industry, combat climate change, and boost women's economic involvement.

The interactive discussion at FII demonstrated a shared dedication to harnessing technology innovations and promoting cross-border cooperation for the good of humanity and the world economy.

 

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