FII Priority Summit in Miami to shape a sustainable and innovative future for global leaders
Updated 23 February 2024
ARAB NEWS
RIYADH: Global leaders, investors, and CEOs will convene for the second edition of the Priority Summit in Miami to explore the integration of disruptive technologies, healthcare, finance, and sustainability.
The Future Investment Initiative Institute announced the annual event, themed “On the Edge of a New Frontier,” is scheduled for Feb. 22-23, 2024, at the Faena Hotel & Forum, Miami Beach.
At the core of the summit’s goals is connecting the Americas to global markets and tackling key challenges for a prosperous future, according to a press release.
In Miami’s entrepreneurial and corporate environment, the summit will foster discussions on international markets and global ecosystem integration, it added.
Richard Attias, CEO of the FII Institute, underscored the summit’s crucial role, stating: “As we convene some of the brightest minds across various sectors, our focus will be on responsible decision-making in investment and economic growth. This summit is a stepping stone toward shaping a sustainable and technologically advanced future.”
The press release added that this year’s summit provides an interactive program with a focus on disruptive technologies and fostering innovation for investment and societal betterment.
“It is an opportunity to explore and discuss how cutting-edge advancements in AI, robotics, healthcare, finances and sustainability can be harmoniously integrated into our global society.”
Guided by insights from the FII Priority Compass report, speakers and attendees will tackle urgent global issues such as the cost of living, social inclusion, and technology challenges.
The organizing institution emphasized that these discussions are especially pertinent as economic growth and advanced technologies evolve, offering humanity crucial choices that affect sustainable progress and well-being.
The event anticipates hosting over 1,000 business and finance leaders, offering networking and collaborative opportunities in one of the world’s most dynamic cities.
The FII Institute, a global non-profit foundation, focuses on impactful solutions in AI and robotics, education, healthcare, and sustainability.
With a data-driven approach and an investment arm, the Institute positions itself as a contributor to transformative changes and global collaboration.
In October 2023, Saudi Arabia hosted the 7th edition of the Future Investment Initiative summit in Riyadh, attracting over 5,000 delegates and featuring insights from 500 distinguished speakers. The event focused on critical sectors under the theme “The New Compass.”
Artificial intelligence is transitioning into a ‘digital employee’
AI can be an effective tool, business leaders tell Arab News
Not about jobs, but ‘convergence of human capital and AI’
Updated 27 February 2026
Hebshi Alshammari
RIYADH: Artificial intelligence is fundamentally reshaping the world of work, transitioning from a supporting tool to an active partner that is radically changing the nature of professions and productivity standards.
Amidst the current global transformations, an active regional digital environment is emerging.
This is being led by Saudi Arabia through Vision 2030 and massive investments in smart infrastructure, providing a living model for studying the implications of this partnership between humans and machines on the future of work in the region.
Arab News spoke to various business leaders about the emerging shape of the sector.
Salem Bagami, co-founder of Metatalent, said the ideal relationship between humans and machines at work should be complementary and collaborative.
Humans would bring creativity, emotional intelligence, and complex decision-making, while machines excel at processing big data and performing repetitive, precise tasks.
He believes that this type of balanced partnership would lead to unprecedented productivity and innovation.
While machines excel at processing big data and performing repetitive, precise tasks, humans would bring creativity, emotional intelligence, and complex decision-making. (Supplied)
Mohammad Al-Jallad, chief technologist and director at HPE, said AI has gone beyond being merely an executive tool to becoming a “digital employee” entrusted with automating routine tasks and providing insights based on data analysis.
He believes that the real opportunity lies not in the debate over job replacement, but in “the convergence of human capital and artificial intelligence.”
AI should augment human teams by taking on menial and routine tasks, enabling employees to focus on critical thinking, creativity, and ethical reasoning, significantly improving operational results.
Bagami also emphasized the complementary nature of this partnership. “The ideal relationship between humans and machines at work is one of collaboration, where each complements the others.”
He explained that humans bring creativity, emotional intelligence, and nuanced decision-making, while machines excel at processing big data and performing repetitive tasks efficiently, leading to increased productivity and innovation.
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Salem Alanazi, chairman of Jathwa Technology Co., notes a significant trend among Saudi Arabia companies toward using AI applications to provide faster services to customers at lower costs.
The emergence of the “virtual employee” available around the clock has eliminated the need for some traditional jobs in specific sectors.
Alanazi warns that some companies’ reluctance to adopt AI may expose them to real risks. “All those who hesitated to benefit from AI applications have a lack of understanding of these technologies.”
He said those who adopt these technologies will be able to offer lower-cost, higher-quality services, which will affect the market position of companies that lag behind.
Ali Aljumhour, CEO of VALUE Consultancy, said that the transition of AI into a partner has reshaped the list of most in-demand skills in the job market.
Skills such as “prompt engineering,” “human-machine integration,” and “digital ethics” are becoming increasingly important.
He added that AI has become an instantly available “technical knowledge base,” shifting the criteria for professional distinction toward those capable of smart interaction with these technologies.
In terms of ethics, transparency, and trust, Alanazi points to the complexities of global AI governance, where legislation overlaps and evolves rapidly to keep pace with potential risks, particularly in the areas of cybersecurity and privacy.
Ali Aljumhour, CEO of VALUE Consultancy. (Supplied)
Al-Jallad emphasizes this crucial dimension, noting that providing responsible and reliable AI solutions that meet the highest standards of transparency is a key priority, especially in regulated sectors.
Bagami believes there should be basic standards for the ethical use of Al, emphasizing the need for transparency, accountability, and fairness, along with using diverse data sets to prevent bias and protect privacy.
He believes that building trust between humans and machines requires clear explanations of how systems work, giving users the opportunity to provide feedback and conducting periodic performance reviews.
On performance evaluation, Aljumhour said: “I expect radical changes in standards, shifting from measuring individual effort to evaluating the quality of the partnership between humans and machines.”
There should be a focus on the quality of inputs provided to intelligent systems, the accuracy of review and modification, and complex decision-making based on outputs.
He warns, however, of new risks that may arise, such as over-reliance on AI or difficulty in determining responsibility for mistakes.
In the employment sector, Aljumhour expects fundamental changes in standards.
There will be questions and tests focusing on measuring skills in dealing with AI, such as asking candidates about their experiences of collaborating with these systems, or testing their ability to formulate effective requests for complex tasks.
Aljumhour identifies significant human challenges in this transition, with “fear, loss of power, and exclusivity of knowledge” being the biggest concerns for experienced employees.