Riyadh, Saudi Arabia – The recent FII7 conference concluded with a focus on the future of investment and technology, highlighting the key role of artificial intelligence (AI) in shaping various industries. One of the highlights of the event was a special AI summit, featuring prominent speakers from the global AI community.
The summit brought together experts in AI, including Dr. Eric Daimler, Co-Founder & CEO of Conexus, Michael Kratsios, Managing Director of Scale AI, and H.E. Sebastian Kurz, Former Federal Chancellor of the Republic of Austria. These discussions emphasized the immense potential of AI to revolutionize productivity and transform business processes, with Goldman Sachs Economics predicting that global investment in AI could reach $200 billion by 2025.
While exploring the intersections between AI and finance, Nicolas Carey, co-founder and Vice Chairman of Blockchain.com, highlighted the symbiotic relationship between AI and technologies like blockchain. The emergence of these technologies is not coincidental but rather a result of their interconnectedness, enabling the analysis and interpretation of vast amounts of data.
As AI evolves and plays an increasingly significant role in society, there is a growing recognition for the need to create frameworks and regulations that maximize its benefits while mitigating risks. The AI summit emphasized the efforts of global regulatory agencies, national legislators, and standard development organizations in developing these frameworks.
In addition to the AI summit, the conference also featured a Global South Carbon Markets event. This brought stakeholders together to collaborate on shaping carbon market frameworks that align with climate objectives and support biodiversity conservation. These discussions set the stage for meaningful contributions at the upcoming COP28 summit.
The FII Institute took the opportunity to launch its Inclusive ESG Tool and Score at the conference. The tool aims to close the $5.4 trillion ESG investment gap in emerging markets by improving the quality of ESG data and empowering companies to attract financial flows. Developed in partnership with ESG Book, the tool will help companies improve their sustainability efforts and enable investors to identify top performers.
With a range of announcements reaching a total value of $17.9 billion, FII7 showcased the significant investments being made across various sectors. These included partnerships with renowned companies like Pirelli and ACWA Power, as well as new investments in international startups aligned with the FII Institute’s ESG goals.
In conclusion, FII7 provided a platform for deep discussions on the transformative impact of AI in finance and beyond. As AI continues to shape industries, it is crucial to establish robust regulatory frameworks and leverage its potential for sustainable growth. The conference demonstrated the commitment of global leaders and experts to revolutionizing the investment landscape for the betterment of humanity.
Frequently Asked Questions (FAQ)
What was the focus of the FII7 conference?
The FII7 conference focused on the future of investment and technology, with particular emphasis on artificial intelligence (AI) and its transformative potential in various industries.
What were the key discussions at the special AI summit?
The AI summit featured discussions on global AI regulations, the game-changing potential of AI in revolutionizing productivity and business processes, and the symbiotic relationship between AI and technologies like blockchain.
What did the Global South Carbon Markets event aim to achieve?
The Global South Carbon Markets event aimed to foster collaboration among stakeholders from the Global South to shape carbon market frameworks that align with climate objectives and support biodiversity conservation.
What is the purpose of the Inclusive ESG Tool and Score launched by the FII Institute?
The Inclusive ESG Tool and Score aim to reduce the ESG investment gap in emerging markets by improving the quality of data on environmental, social, and governance (ESG) factors. This tool empowers companies to enhance their sustainability efforts and helps investors identify top performers.
What were some of the notable announcements made at FII7?
FII7 witnessed significant announcements, including partnerships with companies like Pirelli and ACWA Power, as well as new investments in international startups aligned with the FII Institute’s ESG goals.
(Sources: [PR Newswire](https://www.prnewswire.com/news-releases/final-day-of-fii7-in-riyadh-sees-detailed-debate-on-ai-and-trillions-in-investments-for-environment-unlocked-ahead-of-cop28-summit-301970726.html))