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Huawei Proposes the FOUR NEW Strategy to Help Carriers Achieve Business Success in the Digital and Intelligence Era

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ISTANBUL, Turkey, Nov. 3, 2024 /PRNewswire/ — At the 10th Ultra-Broadband Forum (UBBF 2024), James Chen, President of Huawei’s Carrier Business, delivered a speech entitled "Network+AI, Unleashing More Business Value". Chen said, "To explore the potential of AI, the ‘FOUR NEW’ strategy — new hub, new services, new experience, and new operation is crucial. It helps carriers to expand market boundaries, foster innovative services, and enhance market competitiveness, while also optimize network O&M and achieve business success. Huawei is committed to working with global carriers and partners to unleash more business value and forge a win-win digital and intelligent future through the "FOUR NEW" strategy."


James Chen, President of Carrier Business, Huawei, delivering a keynote speech

As ultra-broadband (UBB) and AI industries go from strength to strength, the number of gigabit fiber broadband users worldwide has exceeded 300 million, and the average speed of home broadband packages has reached 570 Mbit/s. There are over 1,300 AI foundation models and more than 30,000 AI-related enterprises globally. The UBB industry and AI industry are mutually reinforcing, driving the wide adoption of gigabit broadband.

Huawei believes that the "FOUR NEW" strategy is key to unleashing more business value through network+AI.

New Hub: The new Hub is the AI Hub for home services. The core of the AI Hub is the development of AI agents. AI agents need to connect people, things, and applications, understand and respond to the requirements of family members, control smart devices to meet family requirements, and connect AI applications to expand the boundaries of home services. The new hub helps carriers achieve business breakthroughs in the home market.

New Services: Carriers enable new services and aggregate high-quality contents with AI to gradually build a home AI application ecosystem. AI not only can upgrade traditional services, such as interactive fitness and motion-sensing games, but also innovate home services, such as home service robots, health care, and education, etc. It improves quality of life and gradually builds a home AI ecosystem.

New Experience: New services such as cloud gaming, live commerce, AI searches for photos and videos, are emerging one after another. These services have high requirements on network quality, including latency, uplink and downlink bandwidth, and jitter. This brings new network monetization opportunities to carriers. Carriers can seize monetization opportunities through new business models, such as latency-based charging, upstream bandwidth-based charging, and AI-function based charging. High-quality service experience requires high-quality networks. Carriers build "Premium vertical and premium horizontal" high-quality networks to support high-quality service experience and business monetization. The key to building a "Premium vertical and premium horizontal" network is to build 1 ms connections between data centers and 1 ms access to a data center.

New Operation: As carriers’ network scale is getting larger, autonomous driving network is becoming more important. AI supports high-level network autonomous driving and improves network operation efficiency. Huawei’s L4 autonomous driving network based on the Telecom Foundation Model helps operators reduce customer complaints, shorten the complaint closure time, improve service provisioning efficiency, reduce the number of site visits, and accelerate fault rectification.

In the wave of digital intelligence transformation, the "FOUR NEW" strategy is not only the embodiment of network technology innovation, but also the important driving force for continuously releasing network business value. New Hub, New Services, New Experience, and New Operation support each other and together form a complete road to digital intelligence business success.

In the future, Huawei will continue to remain customer-centric, work with global carriers and partners to explore the digital intelligence era, accelerate the release of the business value of network + AI, and embrace a prosperous intelligent world.

Source : Huawei Proposes the FOUR NEW Strategy to Help Carriers Achieve Business Success in the Digital and Intelligence Era

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Huawei Proposes to Build an AI-centric F5.5G All-Optical Network to Help Carriers Achieve New Growth

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ISTANBUL, Turkey, Nov. 3, 2024 /PRNewswire/ — Today, at the 10th Ultra-Broadband Forum (UBBF 2024), Bob Chen, President of Huawei Optical Business Product Line, delivered a keynote speech titled Build AI-Centric F5.5G All-Optical Network for New Growth.

The AI era is upon us. General foundation models are continuously enhanced, and are quickly applied to various industries. So far, more than 1300 foundation models have been applied. In addition, AI is widely used in mobile phones, PCs, and automobiles. In the future, AI will be an indispensable part of terminals. AI helps us in travel planning, code generation, and quality inspection. In the future, AI will transform every aspect of our life, work, and production.

Bob Chen noted that in the AI era, some carriers will transform to AI all-service providers, and some carriers will cooperate with third parties to provide services such as AI computing and AI applications. For carriers, building robust infrastructure networks and "enhancing computing with networks" will be the key to business success in the AI era. AI device-cloud synergy, and intelligent computing training require high network bandwidth, low latency, and high reliability. Huawei is continuously innovating F5.5G in optical transmission, optical access, and management and control platform, helping carriers build AI-centric all-optical networks.


Bob Chen, President of Huawei Optical Business Product Line, delivering a keynote speech

In the optical transmission field, Huawei’s leading optical switching technology is extended to data centers (DCs) and metro edges. First, with optical switching, DCs support the scale and efficiency improvement of AI computing. Huawei’s DC optical switching solution supports the expansion of intelligent computing from 1000 cards to millions of cards based on ultra-dense ports and ultra-low power consumption. Compared with traditional solutions, the optical module-free deployment mode reduces the failure rate by about 20%. In addition, with all-optical switching at metro edges, Huawei helps carriers build 1 ms, 5 ms, and 10 ms latency circles through mesh networking, and all-optical one-hop connection for end-to-end all-optical switching from the backbone to the metro, ensuring ultimate AI experiences. Up to now, more than 50 carriers around the world have extended optical switching to metro edges and built 1 ms metro networks.

In the optical access field, Bob Chen noted that fixed broadband must provide premium services. Based on optical fiber connections, fixed broadband provides deterministic and guaranteed service experiences for every user. Globally, there are three monetization modes for fixed broadband: coverage monetization, bandwidth monetization, and experience monetization.

First, coverage monetization. Currently, no fiber connection is available to more than 28% of global users. Therefore, fiber coverage needs to be accelerated to seize the demographic dividend. Huawei solutions including QuickConnect ODN and all-scenario AirPON can help carriers achieve fast and low-cost network construction.

Second, bandwidth monetization. First, some carriers have deployed fiber broadband, but their package rates are only dozens of Mbps. As a result, the value of optical fibers is not unleashed. Therefore, we recommend that packages be gradually upgraded to provide more competitive broadband services. Second, some carriers have offered gigabit packages, but the experience is poor and video freezing often occurs. The root cause is that GPON is used to provide gigabit packages. Therefore, GPON should be upgraded to 10G PON as soon as possible to provide better network experiences.

The last is to monetize experience. Now, the industry has a consensus on the evolution from FTTH using one fiber to FTTR using one network. FTTR networking can ensure optimal experience for everyone anytime and anywhere. So far, the number of global FTTR users has exceeded 30 million. In addition, Huawei is accelerating the innovation and upgrade of FTTR+X to help carriers innovate AI applications, including AI plus storage, home guard, and healthcare. Our ultimate goal is to support one smart home based on one FTTR network.

As for the management and control platform, Huawei uses digital twin and AI foundation models to improve user experience and O&M efficiency in premium broadband and premium transmission solution scenarios. Huawei’s Premium Broadband solution uses automatic fault locating to implement minute-level network fault diagnosis and proactive poor-QoE rectification, slashing user complaints by 30%. Its Premium Transmission solution uses automatic online planning to shorten the new service TTM from months to hours.

"The next decade will witness the fast popularization of AI," Bob Chen stated. "Huawei hopes to work with industry partners to build an AI-centric F5.5G all-optical network, extending optical switching to data centers and metro edges, building premium networks for optical access by monetizing coverage, bandwidth, and experience, and fully injecting AI capabilities to the management and control platform. In this way, we can accelerate AI popularization and achieve new business growth together in the intelligent era!"

Source : Huawei Proposes to Build an AI-centric F5.5G All-Optical Network to Help Carriers Achieve New Growth

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Commercial Use of Xinghe Intelligent Network Is in Full Swing, Accelerating New Growth for Carriers

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ISTANBUL, Turkey, Nov. 3, 2024 /PRNewswire/ — At the Ultra-Broadband Forum (UBBF) 2024, Leon Wang, President of Huawei’s Data Communication Product Line, delivered a keynote speech entitled Xinghe Intelligent Network: Accelerating New Growth for Carriers in Net5.5G Era. In his speech, Wang shared Huawei’s collaboration with world-leading carriers, leveraging its Xinghe Intelligent Network Solution to drive business success for customers. He also looked ahead to the development directions of new services in intelligent computing scenarios.


Leon Wang, President of Huawei’s Data Communication Product Line, delivering a speech at UBBF 2024

All industries are rapidly moving toward the AI era, driving the evolution of data communication networks to its next generation — Net5.5G. Huawei first unveiled its interpretation of the Net5.5G target network at UBBF 2023, and later at MWC Shanghai 2024 launched the Xinghe Intelligent Network Solution tailored for the Net5.5G target network. Since then, the Xinghe Intelligent Network Solution has been put into commercial use by world-leading carriers, helping them achieve revenue growth.

Wang noted that Huawei’s Net5.5G-oriented Xinghe Intelligent Network Solution boasts four capabilities:

Premium experience assurance: The solution provides precise experience assurance to meet differentiated demands of different users and accelerates experience monetization of 2H/2C services. It also improves service experience through managed services, facilitating leapfrog growth of 2B services. Ultra-reliable converged transport: E2E 400GE routers and Network Digital Map, which supports network configuration simulation, help build ultra-broadband and reliable transport networks. And one network for multiple services reduces the TCO, effectively addressing carriers’ burgeoning annual traffic growth of over 20%. High efficiency for intelligent computing: Elastic lossless WAN facilitates efficient transmission of computing power, helping carriers seize the opportunities brought by enterprises’ access to intelligent computing centers. The solution also helps build a reliable and efficient computing foundation, enabling carriers to monetize computing services more quickly. Ubiquitous intelligent security protection: To address network threats fueled by AI’s exponential growth, this solution leverages AI-powered network security detection, rapidly and accurately pinpointing threats to safeguard service development.

In his speech, Wang discussed a variety of carriers’ cutting-edge use cases. In terms of how to accelerate service monetization through premium experience assurance, Huawei’s Xinghe Intelligent Network Solution harnesses automatic optimization capabilities of SRv6+Network Digital Map to optimize network paths and relieve traffic congestion caused by hundreds of fiber cuts every month. This shortens optimization time from 5 days to a matter of minutes, improves service experience, and releases suppressed traffic. This also reduces the complaint rate by 80% and increases the DOU by 7%, boosting revenue by more than an estimated US$4 million per month. In terms of how to reduce the TCO through ultra-reliable converged transport, a customer was able to slash the CAPEX of the entire network by 50% after introducing Huawei’s 400GE routers. These routers, which provide the industry’s highest density, enabled the customer to build a converged transport network that supports smooth evolution over the next 10 years, addressing the projected 50% CAGR in traffic growth over the next three years driven by the explosive expansion of 5G, FTTH, and video services. Wang also shared carriers’ exploration and use cases in seizing new opportunities brought by AI to drive growth. These include Data Express services that enable enterprises’ massive data samples to enter carriers’ intelligent computing data centers, long-distance lossless transmission services that facilitate cross-DC collaborative training, intelligent computing cloud services, and the pioneering use of AI to defend against AI for reduced network security risks.

Xinghe Intelligent Network’s end-to-end products have been expedited for commercial use, with 40 carriers from over 20 countries already using the Xinghe Intelligent Network to boost growth and expand their business scope. Huawei will remain at the forefront of network technology innovation, developing industry-leading products and solutions in collaboration with top-tier carriers from around the world to unlock new opportunities in the intelligent era and drive their business forward.

Source : Commercial Use of Xinghe Intelligent Network Is in Full Swing, Accelerating New Growth for Carriers

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Apple Exports $6 Billion Worth of iPhones From India, Moving Away From China

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Apple Ships $6 Billion of iPhones From India in Shift From China

Apple’s iPhone exports from India increased by one-third in value, reaching $6 billion, as the company shifts production from China to India to enhance local manufacturing and supply chain resilience.

Apple Expands iPhone Exports from India

Apple has reported a significant one-third increase in the value of iPhone exports from India over the six months ending in September. This growth underscores India’s importance as a production hub, enhancing Apple’s global supply chain. As the company advances in manufacturing efforts within the country, India’s role becomes increasingly crucial.

Transition Away from China and Into India’s Tech Ecosystem

Shipping $6 billion worth of iPhones from India, Apple moves away from reliance on China amid global supply concerns and geopolitical tensions. This strategic pivot aims to bolster India’s manufacturing capacity, tapping into its skilled workforce and favorable policies. This shift is expected to accelerate, further integrating India into Apple’s supply chain and demonstrating the company’s resilience and commitment to innovation.

Apple’s strategic pivot in manufacturing represents a significant shift in the global electronics supply chain landscape, highlighting India’s growing importance as a manufacturing hub. As part of this transition, Apple has exported $6 billion worth of iPhones from India in the past fiscal year. This move is a response to various geopolitical and economic pressures, as well as the need for supply chain diversification.

In recent years, geopolitical tensions between the United States and China have prompted companies to reassess their reliance on Chinese manufacturing. Apple’s decision to bolster its production capabilities in India serves as a mitigative strategy to reduce risks associated with overdependence on a single country for manufacturing. By diversifying its supply chain, Apple not only aims to safeguard against potential disruptions but also seeks to leverage new market opportunities.

India offers a conducive environment for manufacturing with its growing pool of skilled labor, favorable government policies, and an expanding consumer base. The Indian government has extended incentives to large-scale manufacturers through initiatives such as the Production Linked Incentive (PLI) scheme, which has been instrumental in attracting major players like Apple.

Moreover, the move aligns with Apple’s broader goal of increasing market penetration in India, a market characterized by a burgeoning middle class and increasing smartphone adoption. By manufacturing locally, Apple can optimize costs and potentially offer more competitive pricing, making its products more accessible to Indian consumers.

Apple’s suppliers, including Foxconn, Pegatron, and Wistron, have been ramping up their production lines in India, further anchoring the country’s role in Apple’s manufacturing strategy. This transition also reflects a broader industry trend where global tech companies are increasingly looking to diversify their supply chains across multiple regions. While challenges such as infrastructure constraints remain, India’s rise as a significant player in electronics manufacturing heralds a critical shift in the global supply chain dynamics. For Apple, shipping $6 billion of iPhones from India marks a noteworthy chapter in its quest for an agile, diversified, and resilient supply ecosystem.

Source : Apple Ships $6 Billion of iPhones From India in Shift From China

Global Spotlight on International Aquarium Conference as It Moves from Mexico to China

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HHAn-Wuhan Polar Ocean Park Takes Center Stage with Successful Flag Handover in advance of 2027 IAC

WUHAN, China, Nov. 3, 2024 /PRNewswire/ — On November 1, 2024, the International Aquarium Congress (IAC), often referred to as the "Olympics of the Aquarium Industry", concluded its flag handover ceremony in Guadalajara, Mexico, marking the official countdown to the 13th IAC in 2027. The flag was transferred to Wuhan by HHAn-Wuhan Polar Ocean Park, signifying the return of this important international event to China for the first time since Shanghai hosted it in 2008.


On site International Aquarium Conference

The IAC, a premier event in the aquarium sector since 1960, convenes every three years to foster exchange and collaboration among the global aquarium community, scientific researchers, and educators. It serves as a platform for sharing cutting-edge research and management expertise.


On site International Aquarium Conference

Wuhan, known for its extensive water resources, is home to the largest cluster of aquatic organism research institutions, freshwater fisheries, and ecosystem studies both in China and globally. Its selection as the first inland city to host the IAC underscores its rich aquatic research resources and scientific heritage, cementing its status as a major inland metropolis.

A member of the IAC Steering Committee noted that HHAn-Wuhan Polar Ocean Park was selected for several reasons, including Wuhan’s and China’s dedication to environmental protection and biodiversity, as well as the park’s exceptional facilities, biological exhibits, and advanced breeding and conservation practices. Notably, the Committee was impressed by HHAn Entertainment’s strong commitment to its environmental, social, and governance (ESG) principles and its CSR philosophy of "Being Kind for Harmonious Coexistence".


HHAn Wuhan Polar Ocean Park

Tan Wencheng, General Manager of HHAn-Wuhan Polar Ocean Park, underscored the park’s unwavering commitment to the development of Wuhan over the past 13 years, growing in tandem with the city. The popular attraction stands out for its scale, population size, water volume, biological exhibits, and sophisticated breeding and conservation methods. As the largest ocean-themed integrated resort and key urban tourism landmark in central China, HHAn-Wuhan Polar Ocean Park is preparing to construct a 2,000-square-meter science education museum in time for the upcoming conference. The museum, themed around aquatic organisms in the Yangtze River basin and focusing on freshwater ecological protection, aims to lead Yangtze River ecological conservation efforts through public science education and outreach initiatives. Its mission is to engage a broader audience and encourage them to participate in efforts to foster a deeper understanding and appreciation of aquatic biodiversity and to protect the Yangtze River.

Source : Global Spotlight on International Aquarium Conference as It Moves from Mexico to China

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Subscribe to the Tamkeen Human Resources IPO via Sahm App

Subscribe to the Tamkeen Human Resources IPO via Sahm App

RIYADH, SAUDI ARABIA – Media OutReach Newswire – 3 November 2024 – Sahm Capital is pleased to announce that retail investors can now subscribe to the highly anticipated Tamkeen Human Resources Co. Initial Public Offering (IPO) through the Sahm App [https://sahmcapital.onelink.me/Wjbt/oamyoiri].

Tamkeen, a leading company in the Saudi human resources sector, has set its final IPO offer price at SAR 50 per share, following a successful institutional book-building process. The IPO has already garnered impressive interest from institutional investors, with subscription coverage reaching approximately 138.2 times the offer size.

As part of the IPO, 7.95 million shares have been floated on the Main Market, representing 30% of Tamkeen’s SAR 265 million capital. A maximum of 1.59 million shares, or 20% of the total offering, has been allocated for individual retail investors. The retail subscription period is from November 5-6, 2024.

Retail investors can take advantage of this unique opportunity by subscribing to the Tamkeen IPO directly through the Sahm App. With the Sahm App, investors can enjoy real-time status updates throughout the entire subscription journey—from application to allotment—keeping them informed at every stage. This approach ensures equitable access to critical information, leveling the playing field for retail investors.

The Sahm App provides comprehensive IPO information, including current offerings, upcoming listings, and future opportunities. It also offers educational materials, tutorials, and customer support to help investors—especially those new to IPOs—navigate the process confidently. By integrating IPO services with other investment tools on the same platform, the Sahm App enables investors to manage their portfolios, trade, and track IPOs all in one place, creating a cohesive and efficient experience.

About Sahm Capital:

Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit: www.sahmcapital.com

About Sahm App:
Developed by Sahm Capital, the Sahm App is a proprietary platform specifically designed for investors in Saudi Arabia. It enables users to trade seamlessly across both the Saudi and U.S. markets, all at their fingertips. With its user-friendly interface and a diverse range of investment options, the Sahm App has quickly become one of the top three free finance apps in the Kingdom.

Disclaimer
Please note that trading in financial markets involves high risks and may lead to financial losses that could exceed the invested capital. The information provided above is not in any way a recommendation or advice to sell or purchase any financial instruments, bonds, or other investments. We strongly recommend consulting a specialized financial advisor before making any investment decisions to ensure that these investments are suitable for your expertise, financial circumstances, and investment goals.

Sahm Capital does not bear any responsibility for any losses or damages that may occur as a result of making investment decisions based on this offering or the information provided.
Hashtag: #SahmCapital #CMA #IPO




The issuer is solely responsible for the content of this announcement.

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2024 Global Forum on Hehe Culture held in Taizhou

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TAIZHOU, China, Nov. 3, 2024 /PRNewswire/ — This is a report from China SCIO.

The 2024 Global Forum on Hehe Culture with the theme of "Hehe Culture and New Model for Human Progress" was held in Tiantai county, Taizhou city, eastern China’s Zhejiang province on Saturday. Zhu Yongxin, vice chairperson of the National Committee of the Chinese People’s Political Consultative Conference and executive vice chairperson of the Central Committee of the China Association for Promoting Democracy, delivered a speech at the opening ceremony of the forum.

Zhu stressed the need to put the people at the center and promote Chinese culture as well as the modern civilization of the Chinese nation.

He said we should strengthen cultural confidence, deepen cultural exchanges, and promote the progress of civilizations.

He also called for adhering to the philosophy of peace and harmony, upholding the spirit that "our shared future depends on Earth," and promoting the building of a global community of shared future.

The forum was jointly organized by the Taizhou Municipal Committee of the Communist Party of China (CPC), the Taizhou Municipal People’s Government, and the Academy of Contemporary China and World Studies.

Source : 2024 Global Forum on Hehe Culture held in Taizhou

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FII8 Day Three Ends with $70 Billion in Deals Announced

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RIYADH, Saudi Arabia, Nov. 3, 2024 /PRNewswire/ — The Future Investment Initiative (FII) Institute wrapped up Day 3 of its 8th annual gathering in Riyadh, with an "Investment Day" under the theme of "Infinite Horizons: Investing Today, Shaping Tomorrow." Leaders, investors, and innovators explored avenues to drive impactful investment in emerging markets, venture capital, and sustainable growth strategies, setting the stage for the future of global finance and economic development.


FII8 Day Three Ends with $70 Billion in Deals Announced

Richard Attias, CEO of the FII Institute, commented on the day’s events: "Today’s discussions underscored the power of targeted investments to transcend traditional boundaries, creating opportunities in markets that promise to shape the next economic era. Our collective focus on deploying capital with long-term vision and sustainability will guide us as we navigate an ever-changing landscape."

Standout Moments from FII8 Day 3:

1.         Opening Remarks by H.E. Faisal F. Alibrahim

H.E. Faisal F. Alibrahim, Minister of Economy & Planning for the Kingdom of Saudi Arabia opening remarks set the tone for the day, emphasizing the role of investment in Saudi Arabia’s economic transformation under Vision 2030, highlighting non-oil growth as pivotal for future diversification.

2.         Panel on Alternative Asset Growth in Emerging Markets

Key insights were shared during a session featuring H.E. Mohammed El-Kuwaiz, Chairman, Capital Market Authority (CMA); Rishi Kapoor, Vice Chairman & CIO, Investcorp; Chip Kaye, Chairman, Warburg Pincus LLC which focused on new frontiers in alternative asset growth. This panel explored trends driving investments in emerging economies, spotlighting regions set to lead the next growth phase.

3.         Capital Allocators Roundtable

A high-level discussion gathered influential leaders to discuss 2024’s projected impact for alternative assets and the diversification trends shaping institutional portfolios. The roundtable featured a diverse array of experts, including institutional investors, and thought leaders, all sharing insights on how alternative investments are becoming crucial in navigating economic uncertainties.

4.         Venture Capital Hotspots: Catalysts for Disruption

In this session, the panel explored the evolving landscape of innovation funding, with a particular emphasis on developments in burgeoning markets like Saudi Arabia.

5.         Health Humanity Initiative

In a global effort to secure a healthier future for all, FII Institute launched the Healthy Humanity Initiative inviting over 100 corporations, 10 health insurance companies insurers and governments from the Global South and North to join the movement to impact lives by providing free preventive health checkups for citizens every two years, waive up to 50% in health bills and ensure tax-free benefits. So far, this initiative has garnered support from Saudi Health in All Policies (HIAP), Claure Group, Moderna, Merck GCC, ⁠Ausmed Global, ⁠Qi Ming Venture Partners, ⁠Burjeel Holdings, SCAI, CURA, Genrait and Cleveland Clinic.

6.         Health Longevity Compass

The FII Institute presented findings from the Healthy Longevity Compass, which surveyed 22,600 respondents across 21 countries in partnership with The McKinsey Health Institute. The study revealed that 70% of individuals aspire to adopt healthier living habits, yet 43% in developing countries are dissatisfied with access to nutritious food. Read the Full Report Here.

7.         Investment Day

FII8 Investment Day launched a dynamic new chapter for the entrepreneurial ecosystem, transforming bold visions into actionable solutions that drive progress. At the inaugural global program hosted by FII Institute, five start-up companies showcased their cutting-edge tech solutions tackling world’s most pressing global challenges in artificial intelligence and robotics, sustainability, health and education. Among the innovators were: Oxccu, Sakuu, Beyond-Aero, Archireef and Bytelearn.

In the finale, Sakuu emerged as the winner and was crowned FII8 Innovator 2024. Each participating company received 2025 FII Institute complimentary membership and access to the FII Venture Program – powered by General Atlantic and Lakestar. This comprehensive support system is designed to accelerate their growth, offering unparalleled opportunities for market expansion, knowledge sharing and global visibility. Additionally, the innovative start-ups are eligible for a market expansion package providing over $10 million in financing grants and startup support. They may also benefit from soft landing program through NTDP (Saudi Arabia) and Hong Kong Science and Technology Park.

8.         Closing Remarks by H.H. Prince Faisal bin Farhan Al Saud, KSA Minister of Foreign Affairs. H.H. Prince Faisal emphasized the importance of global citizenship in addressing today’s pressing issues. He highlighted that collaboration across nations is vital for tackling conflicts, climate change, health crises, and economic disparities.

9.          Announcements: During the four days of the FII8 conference, over 30 plus announcements worth 70 billion dollars were made that focused on promoting sustainable development and innovative solutions for humanity. Additionally, strategic partnerships were established highlighting collaboration across various sectors, including technology, quality of life, and innovation.

As FII8 wrapped up, the narrative of a united front for positive change was clear. The collective voices of leaders and innovators echoed the sentiment that the future is not just a vision; it’s a movement we are all part of Day 3 at FII8 demonstrated the Institute’s commitment to connecting capital with impactful initiatives, further strengthening the global investment landscape. The FII Institute continues its mission of fostering sustainable and forward-looking investments that empower change across diverse geographies.

For media inquiries, please contact: [email protected] 

About FII Institute

The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.

 

Source : FII8 Day Three Ends with $70 Billion in Deals Announced

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network