RIYADH, Saudi Arabia, Oct. 31, 2024 /PRNewswire/ -- On the second day of the 8th Future Investment Initiative (FII) in Riyadh, leaders from around the world gathered to discuss the transformative potential of emerging technologies and investment strategies in redefining the future. A Special Address was delivered by H.E. Minh Chính Phạm, Prime Minister, Socialist Republic of Vietnam.
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Richard Attias, CEO of the FII Institute, summarised the day's ambitions, stating, "At FII8, we are witnessing a new era where innovation and capital converge not just to shape industries but to create a sustainable and inclusive future for all. Today's discussions highlighted the journey toward a world of boundless possibilities and infinite opportunities."
Standout moments from Day Two of FII8
1. Board of Changemakers on Technology & Innovation: Leaders from industries
including Marcelo Claure, Founder & CEO, Claure Group; Group Vice
Chairman, SHEIN; Alex Clavel, Co-CEO, SoftBank Vision Funds; Hani Enaya,
CIO, Sanabil Investments; Antonio J. Gracias, Founder, CEO & CIO, Valor
Equity Partners; Vineet Mittal, Chairman, Avaada Group; Dan Schulman,
Vice Chairman & Managing Partner, Valor Capital Group; Robert Smith,
Founder, Chairman & CEO, Vista Equity Partners; and Julie Sweet, Chair &
CEO, Accenture explored how AI could create up to $10.3 trillion in
economic value by 2038. This session urged companies to develop AI
responsibly to ensure equitable benefits across society.
2. Ocean Central Announcement: Her Royal Highness Ambassador Reema Bandar
Al-Saud, the Ambassador of the Kingdom of Saudi Arabia to the United
States of America, announced the launch of Ocean Central, a digital
platform developed by Wave and powered by FII Institute which collates
data, and provides a clear and evolving view of ocean health, an urgently
needed resource in efforts to regenerate our oceans.HRH Ambassador Reema
Bandar Al-Saud founded Wave as an initiative to champion ocean
regeneration within a human generation, an ambitious but achievable
aspiration, utilizing science-backed methodologies.Wave has developed
Ocean Central as a collaborative digital platform to unify once-disparate
scientific ocean data by fostering collaboration, empowering
decision-makers, and tracking collective progress toward ocean
regeneration. Ocean Central combines accessibly displayed data with
data-driven stories, relevant video content, news, and other ocean
regeneration content to broaden users' perspectives, shine light on the
challenges ahead, celebrate successes, and foster a deeper appreciation
for our planet's ocean and our work to save it. To learn more, visit
www.oceancentral.org [http://www.oceancentral.org/]
3. AI and Geopolitics of Technology with Dr. Eric Schmidt, Former CEO &
Chairman, Google, KBE: Dr. Eric Schmidt delivered a discussion on the
geopolitical impact of AI, exploring how advancements in cybersecurity
and digital infrastructure are reshaping international relations. His
address emphasized the importance of cooperation in data governance and
digital trade to navigate a world of increasing technological
competition.
4. The Global Future of Work CompassThe FII Institute unveiled its latest
research, the Global Future of Work Compass, based on responses from over
1,300 people and 200 companies in the MENA region. The report indicates
that 50% of respondents find advanced technology disruptive, and 46%
believe youth tech training is insufficient, underscoring the need for
proactive education reform and upskilling. Read the Full Report Here
[https://fii-institute.org/wp-content/uploads/2024/10/FII_RD2403__2024.10
.27-14.25.03-Global-Future-Of-Work-Report.pdf].
5. Support for the Symphony of Hope GalaThe FII Institute contributed
$100,000 to the Symphony of Hope Gala, advocating for individuals
affected by celiac disease globally. This support aligns with the FII
Institute's commitment to inclusive health initiatives and creating
awareness for pressing health concerns.
6. 'Clash of the Titans' DebatesIn a lively debate session titled "Clash of
the Titans," thought leaders exchanged views on three critical issues:
the future of currency, the role of AI in truth, and the influence of
technology companies in global power. This dynamic format allowed for
fresh insights into these epoch-defining challenges.
7. The Rise of Global MegaregionsSpeakers from leading global institutions
explored the concept of megaregions--large, interconnected economic
zones--as new centers of opportunity. They discussed the role of capital
in supporting these economic hubs through innovative solutions and
infrastructure investments.
8. Future of Resources: Achieving Clean IndustriesPanellists debated the
feasibility of clean industries amid rising demand for critical minerals
in renewable technologies. Leaders from SABIC, Sigma Lithium, Vale,
Ivanhoe Mines and Ma'aden addressed the challenge of responsibly managing
resources to support sustainable growth.
9. Building A Future-Ready WorkforceThe potential for AI to redefine the
future of work was a central theme, with discussions on adapting
education and training to meet evolving demands. Industry experts
highlighted how AI could contribute $13 trillion to the global economy by
2030, transforming job roles and creating new growth opportunities.With a
commitment to "Investing Today, Shaping Tomorrow," the FII Conference
continues to pave the way for meaningful investments that drive progress,
innovation, and sustainability worldwide. With over 45 sessions held on
topics such as green technology and digital transformation in emerging
markets, FII8 serves as a platform for exploring innovative solutions to
global challenges. The insights shared here are critical to shaping
future investment landscapes, empowering leaders, and fostering impactful
partnerships.
10. Announcements: Today, FII8 witnessed the announcement of 11 new
financial announcements all investing in impactful solutions for
humanity. Alongside these announcements, 6 strategic partnerships were
established, underscoring a commitment to driving positive change across
diverse sectors including technology, quality of life, innovation, and
sustainability.
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation focused on creating positive impacts on humanity. Through its investment arm, FII Institute transforms ideas into solutions across four areas: Artificial Intelligence & Robotics, Education, Healthcare, and Sustainability.
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media@fii-institute.org ; Reem Al Saud,reem.alsaud@fii-institute.org
