The World's Visionary Leaders Address Humanity's Challenges
RIYADH, Saudi Arabia, Oct. 29, 2024 /PRNewswire/ -- The opening day of the 8th annual Future Investment Initiative (FII) kicked off at the King Abdulaziz International Conference Center, where global leaders, visionary innovators, and influential investors gathered to explore the theme "Infinite Horizons: Investing Today, Shaping Tomorrow."
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Under the leadership of CEO Richard Attias, FII Institute once again showcased its commitment to redefining the future of global investment and innovation, sparking dialogues around critical issues shaping the world. In attendance was Dr. Mustapha Madbouly, Prime Minister, Arab Republic of Egypt and Prime Minister of Pakistan, Shahbaz Sharif.
"The Future Investment Initiative is about breaking traditional boundaries in thinking and expanding the possibilities of human achievement," said Richard Attias, CEO of FII Institute. "On Day 1, we've seen global visionaries layout powerful ideas and strategies that will shape how we address today's most pressing challenges and open up new horizons for humanity."
Standout moments from Day 1 of FII8:
1. Opening Plenary Session: The day commenced with insightful remarks by
Attias, setting the stage for discussions that would bridge investment,
innovation, and sustainable development. H.E. Yasir Al-Rumayyan, Governor
of the Public Investment Fund (PIF), followed with a call to action,
urging leaders to harness innovative strategies in the face of global
shifts.
2. H.E. Yasir Al-Rumayyan introduced the findings of the 2024 FII PRIORITY
Compass: providing crucial insights into the evolving landscape of global
challenges. The report highlighted urgent priorities such as cost of
living, governance and healthcare, urging stakeholders to align their
strategies with sustainable development goals. He notes, "At this crucial
moment, we stand on the edge of infinite horizons. We have the
responsibilities and opportunities to shape a future that invests not
only in our economies, but in humanity itself."
3. Board of Changemakers: Geoeconomics: A distinguished panel, including
BlackRock's Laurence Fink, Moderna's Stephane Bancel, Hong Kong Exchanges
and Clearing Limited Laura Cha, Citadel's Ken Griffin, Sanofi's Paul
Hudson, Google's Ruth Porat, HSBC's Former Group CEO Noell Quinn,
Facebook's Co-founder Eduardo Saverin, Former CEO & Chairman, Google KBE
Dr. Eric Schmidt, The Blackstone Co-Founder and Chairman, Stephen
Schwarzman and Carlye Chairman and FII Institute Secretary of the Board,
David Rubenstein discussed the rising influence of the Global South,
technological disruptions, and the need for novel economic systems to
support sustainable global progress
4. Special Conversation on Energy: H.R.H. Prince Abdulaziz bin Salman Al
Saud highlighted Saudi Arabia's leading role in the energy transition,
emphasizing sustainable energy development as critical to achieving
net-zero targets worldwide.
5. Second Board of Changemakers: Banking & Investment: Industry titans,
including H.E. Dr. Muhammad Al Jasser, Chairman, Islamic Development Bank
(IsDB) Group; Tony O. Elumelu, Chairman, United Bank for Africa (UBA)
Group; Founder, Tony Elumelu Foundation; Jane Fraser, CEO, Citi; Jenny
Johnson, President & CEO, Franklin Templeton; Ron O'Hanley, Chairman &
CEO, State Street Corporation; Ted Pick, CEO, Morgan Stanley; Marc Rowan,
Co-Founder & CEO, Apollo Global Management; Harvey M. Schwartz, CEO,
Carlyle; Neil Shen, Founding & Managing Partner, HongShan; David Solomon,
Chairman & CEO, Goldman Sachs; Makoto Takashima, Chairman of the Board,
Sumitomo Mitsui Banking Corporation; and Bill Winters, Group CEO,
Standard Chartered analyzed the changing dynamics in financial
management, emphasizing adaptability in the face of evolving economic
conditions and geopolitical factors.
6. Titan of Industry - TikTok CEO Shou Chew captivated audiences with
insights into the impact of social media and digital platforms on global
community-building, creativity, and cultural exchange, moderated by
Richard Attias. Chew said "TikTok has more than a billion users now. It's
not just an app for young people but caters to everyone. It is not just
about entertainment, but community, heritage, culture and arts."
7. Launch of the AI Inclusive Initiative: A global pledge aimed at ensuring
inclusive AI deployment in emerging markets. This initiative brings
together tech companies, knowledge partners, government policymakers, and
the private sector. Funding will be deployed to projects in Emerging
Markets. FII Institute 19 Knowledge Partners will be providing expertise
and capacity-building support.
8. Third Board of Changemakers on AI: Future of AI including CEOs such as
Shou Chew, CEO, TikTok; Jack Hidary, CEO, SandboxAQ; Benjamin Horowitz,
Co-Founder & General Partner, Andreessen Horowitz; Travis Kalanick, CEO,
CloudKitchens; Ruth Porat, President & CIO, Alphabet & Google; Jay Puri,
Executive Vice President of Worldwide Field Operations, NVIDIA; Dr. Eric
Schmidt, Founder & CEO, Schmidt Family Foundation; Co-Founder, Schmidt
Sciences; Former CEO & Chairman, Google focused on significant
advancements in AI technologies over the past year, including
breakthroughs in areas such as generative AI. The session also addressed
the dual-edged impact of AI on employment. The conversation turned to the
ethical challenges posed by AI, such as algorithmic bias, privacy
concerns, and the implications of AI in decision-making processes.
9. A Special Discussion on The Future of AI with Elon Musk left FII8 guests
with key insights on how AI should prioritize the well-being of humanity.
He emphasized, "Going Forward, we need AI that loves humanity, which is
why xAI was created. It seeks the best interests of humanity" promoting a
future where these technologies serve to uplift and enhance the human
experience.
10. Announcement: Today, 12 financial and non-financial announcements were
made all centered around the theme of investing in impactful solutions
for humanity. These announcements highlight a commitment to fostering
positive change across various sectors, emphasizing sustainable
development, and innovation.
As FII8 progresses during the week, the Institute will convene deeper discussions on fostering collaboration, responsible investment, and bold new solutions that transcend conventional boundaries, all in pursuit of a sustainable and prosperous future for all.
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.
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Reem Al Saud, reem.alsaud@fii-institute.org
