{"id":18759,"date":"2024-11-04T17:01:41","date_gmt":"2024-11-04T13:01:41","guid":{"rendered":"https:\/\/pressreleasenetwork.com\/site\/?p=18759"},"modified":"2024-11-04T17:01:44","modified_gmt":"2024-11-04T13:01:44","slug":"how-businesses-are-exploring-the-infinite-horizons-of-ai","status":"publish","type":"post","link":"https:\/\/pressreleasenetwork.com\/site\/2024\/11\/04\/how-businesses-are-exploring-the-infinite-horizons-of-ai\/","title":{"rendered":"How Businesses Are Exploring The \u2018Infinite Horizons\u2019 Of AI"},"content":{"rendered":"\n

In a new episode of\u00a0Marketplace Middle East,\u00a0<\/em>CNN\u2019s\u00a0Eleni Giokos<\/strong>\u00a0is in Riyadh for the Future Investment Initiative (FII), where business leaders from around the world gather to chart a course for the Middle East\u2019s<\/a> top economies. Giokos also goes inside GITEX in Dubai<\/a>, one of the world\u2019s biggest tech showcases, where telecoms companies are looking to shift big industry into the digital age.<\/p>\n\n\n\n

At FII, Giokos speaks with economist\u00a0Jeffrey Sachs\u00a0<\/strong>about AI, whether for better of worse, is at the centre of our economic universe. He says, \u201cI\u2019m predicting big things. The technology is extremely powerful. We\u2019ve seen this, the Nobel prizes this year were essentially for AI<\/a>, even when they were in chemistry or physics, they were for AI-empowered physics and chemistry. They were physicists working on artificial intelligence. In other words, AI is at the center of science and tech now, it\u2019s not just the specific category, it\u2019s infusing so much of the economy now, it\u2019s infusing so much of innovation.\u201d<\/p>\n\n\n\n

AI is the subject of more than a dozen panels at FII, showing how seriously Saudi Arabia is taking this technology.While some analysts are predicting big returns from the Middle East\u2019s AI investments, the CEO of Arthur D. Little,Ignacio Garc\u00eda Alves<\/strong>, shows Giokos more reserve, \u201cI think this is a long journey, in fact. So the game is still out, in my opinion, on whether this will be successful or not. And the technology also is evolving very quickly. So you might be investing in something and then it\u2019s the next wave that comes.\u201d<\/p>\n\n\n\n

Rimi Assi<\/strong>, a senior partner at McKinsey in Abu Dhabi, hopes that AI can help women close the gap in certain fields of work. She explains, \u201cmy hope and dream is that women will leverage AI and these technologies to advance much better, embrace change and do that with care, with emotion, and bring to the companies and their corporates what the world needs the most.\u201d Assi has made gender diversity one of the central pillars of her work.<\/p>\n\n\n\n

At GITEX, Huawei promotes its theme of \u2018industrial digitalisation\u2019.Faisal Ameer Malik<\/strong>, Huawei\u2019s CTO, explains this, \u201cpost-Covid every organization or every industry has realized one good thing is that ICT technology is not an option. It\u2019s not a side tool. It\u2019s a prime thing they have to utilize.\u201dHuawei wants big industries, like manufacturing and energy, to incorporate data into their businesses.<\/p>\n\n\n\n

Embracing digital transformation is a mammoth task, but Ameer Malik says Huawei is willing to invest on it, \u201cHuawei is one of the top companies who invest the most in R&D, and we are something like more than 23 billion dollars in last year on R&D, and maybe more than 50 percent of our workforce is engaged in research and development. And the core purpose of this R&D is to bring innovative latest products and solutions for our customers.\u201d<\/p>\n\n\n\n

Telecom companies are not just powering the products we use but the very cities where we live. Orange is focused on building the next generation of \u2018smart cities\u2019. The President of IMEA and Inner Asia at Orange,Sahem Azzam<\/strong>, says, \u201cIn a simple world, a smart city is actually taking a service that you want to consume and deliver it to you in a very friendly user experience.\u201d<\/p>\n\n\n\n

Azzam continues, \u201cThe system itself can make the right decisions on their behalf by collecting all the data that they have gathered through the right and smart infrastructure they have deployed, and actually take the right decisions to meet their customer requirements.\u201dOrange is designing ways for data to automatically drive parts of a city\u2019s infrastructure. They say artificial intelligence can help manage everything from its traffic flows to water supplies, and that cities can be not just smarter, but more sustainable.<\/p>\n\n\n\n

Kaan Terzio\u011flu<\/strong>, the CEO of telecoms giant VEON, ends the episode by explaining\u00a0the\u00a0kind of role he sees\u00a0telco companies\u00a0playing in the future, \u201cit is a responsibility for us, not only invest in telecoms, but provide them the best financial services, the best health care services, the best education services, and the best entertainment that they deserve. In my philosophy, emerging markets used to be always an exception. They need to be exceptional, and we are there to create that exceptional service for them.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

In a new episode of\u00a0Marketplace Middle East,\u00a0CNN\u2019s\u00a0Eleni Giokos\u00a0is in Riyadh for the Future Investment Initiative (FII), where business leaders from around the world gather to chart a course for the Middle East\u2019s top economies. Giokos also goes inside GITEX in Dubai, one of the world\u2019s biggest tech showcases, where telecoms companies are looking to shift […]<\/p>\n","protected":false},"author":1,"featured_media":18762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-18759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/18759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=18759"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/18759\/revisions"}],"predecessor-version":[{"id":18763,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/18759\/revisions\/18763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/18762"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=18759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=18759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=18759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}