FII7 in Riyadh explored investment and tech frontiers, concluding successfully
Riyadh, October 27, 2023, The 7th edition of the Future Investment Initiative (FII7) concluded in Riyadh, with a focus on the frontiers of investment and technology. The event's final day explored space and aviation, biotech, cybersecurity, robotics, venture capital, and startup nations. A dedicated AI summit delved into global AI regulations and the significant potential of AI investment, projected to reach $200 billion by 2025. Speakers discussed the symbiotic relationship between AI and financial services, emphasizing the need for informatics and understanding data. The summit also addressed the development of AI frameworks and risk mitigation. The conference featured a Global South Carbon Markets session, fostering collaboration and advancing climate justice. The FII Institute introduced its Inclusive ESG Tool and Score, enhancing sustainability efforts in emerging markets. The conference witnessed investment announcements totaling $17.9 billion, including partnerships like Pirelli's tire manufacturing facility in Saudi Arabia and ACWA Power's wind power project in Azerbaijan. Richard Attias, CEO of the Future Investment Initiative Institute, highlighted the conference's global impact and mission to improve the world, with future plans to continue in Hong Kong.