Future Investment Initiative Concludes with Focus on AI, Carbon Markets, and ESG Tools

Editorial Desk
By Editorial Desk 5 Min Read

The just concluded Future Investment Initiative (FII7) showcased the cutting-edge frontiers of investment and technology, with a particular focus on space and aviation, biotechnology, cybersecurity, robotics, venture capital, and start-up nations, among other areas of interest.

An exceptional AI summit was convened, featuring a profound discussion on global AI regulations.

Esteemed participants included Dr. Eric Daimler, Co-Founder and CEO of Conexus, Michael Kratsios, Managing Director of Scale AI, and H.E. Sebastian Kurz, Former Federal Chancellor of the Republic of Austria.

Distinguished speakers such as John Curtius, Founder of Cedar Investment Management, Laurence Moroney, Lead AI Advocate at Google, and Rami Qasem, EVP and Chief Commercial Officer at Beyond Limits, also graced the event.

The AI summit delved into recent data from Goldman Sachs Economics, which indicated that by 2025, global investment in AI could reach an astounding $200 billion.

This figure underscored the transformative potential of AI to revolutionize productivity and reshape business processes as it becomes more widely integrated into the broader economy and society.

Nicolas Carey, co-founder and Vice Chairman of Blockchain.com, emphasized the strong correlation between AI and the future of financial services.

He noted that the emergence of technologies like blockchain and AI is not a coincidence but rather a highly symbiotic relationship, requiring extensive informatics and the ability to comprehend the insights revealed by such informatics.

The discussions encompassed the efforts of global regulatory agencies, national legislators, and standard development organizations to develop frameworks that maximize the societal benefits of AI while mitigating both known and unknown risks.

A special conference on Global South Carbon Markets brought together stakeholders from the Global South, fostering mutual collaboration to set a collective agenda and define desired outcomes in preparation for COP 28.

This executive-level conference served as a platform for the Global South to unite with the shared objective of shaping internal carbon market frameworks that align with their climate goals and support biodiversity conservation, all within the broader context of advancing climate justice on a global scale.

On the final day of FII7, the Institute unveiled its Inclusive ESG Tool and Score at the prestigious annual FII flagship conference. This tool aims to enhance the quality of data on environmental, social, and governance (ESG) factors in emerging markets, empowering companies in these markets to attract financial investments.

The initiative was developed in partnership with ESG Book, a globally renowned leader in sustainability data and technology.

The FII Institute’s Inclusive ESG Tool has been meticulously designed to enable companies in these markets to improve their sustainability efforts and results, while also assisting investors in identifying companies that demonstrate current and future leadership in performance.

With a total of $17.9 billion in announcements made by the end of Day 3, FII7 witnessed globally significant declarations across various sectors.

The Public Investment Fund announced a strategic partnership with Italian tire manufacturer Pirelli, committing to establishing local manufacturing capabilities by constructing a tire manufacturing facility in Saudi Arabia.

ACWA Power signed a financing agreement for a 240MW wind power project in Azerbaijan with the European Bank for Reconstruction and Development and the OPEC Fund for International Development.

Furthermore, the FII Institute expanded its portfolio by adding two new investments, bringing the total number of international startup investments aligned with the Institute’s ESG goals to nine.

The first investment, Plant Squad, is the leading Latinx player in the market for plant-based alternative proteins, offering authentic flavors and healthier formulations compared to its competitors. The second investment, Ultim, is a global pioneer in hydrogen fuel cells.

Richard Attias, CEO of the Future Investment Initiative Institute, expressed his satisfaction with the past three days, highlighting the presence of world leaders, financial titans, and domain experts who not only engaged in discussions but also identified and committed to radical actions aimed at improving the investment landscape, boosting economies, garnering support, and ultimately enhancing the world.

FII is now poised to transition from the Middle East to the Far East with the FII PRIORITY Summit in Hong Kong on December 7th and 8th, steadfast in its mission to transform the lives and futures of individuals across the globe.

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