FII conference: AI should be allowed to flourish as a human-centric approach will ensure it becomes a ‘force for good’

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The world is seeing a confluence of technologies coming together all at once, driven by artificial intelligence (AI), says a panellist at FII’s Hong Kong conference

High standards for regulation, transparency and communication, will help the world create an innovative and safe environment for the development of AI

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Panel discussion in progress at FII Priority Hong Kong, at HKEX in Central. Photo: Jonathan Wong

Mia Castagnone

Published: 4:32pm, 7 Dec 2023Updated: 4:51pm, 7 Dec 2023

Artificial intelligence (AI) can be a significant tool for uplifting humanity and to serve the common good, provided the right regulations and a human-centric approach to its development are in place, private capital leaders said at the FII Priority conference in Hong Kong.

We are seeing a confluence of technologies coming together all at once, driven by artificial intelligence, Eric Pulier, founder and CEO of Vatom Corporation, said on Thursday during a panel discussion on technology and its impact on the investment landscape.

“Augmented reality, virtual reality, 5G networks, and the emergence of the next generation of artificial intelligence are combining to affect every aspect of society,” he added.

More than 1,000 policymakers, business leaders and investors have gathered for the two-day conference in Hong Kong, to discuss the mega trends that will impact the planet’s future. It is organised by the Future Investment Initiative Institute, a think tank backed by Saudi Arabia’s Public Investment Fund.

FII Priority Hong Kong conference. Photo: Jonathan Wong

Organised in partnership with the city’s government and bourse operator Hong Kong Exchanges and Clearing, the event is being held in Asia for the first time. It comes as Saudi Arabia and China forge closer ties that are likely to shape global transformation.