Connect with us

Tech News

The 100 Arab Start-ups Shaping the Fourth Industrial Revolution

Newsroom

Published

on

The World Economic Forum and the Bahrain Economic Development Board (EDB) have selected the 100 most promising Arab start-ups of 2019. This initiative aims to further integrate the Arab world’s most promising start-up entrepreneurs into a national and regional dialogue on pressing challenges. Selected entrepreneurs will participate in the official programme of the upcoming World Economic Forum on the Middle East and North Africa where they will engage with industry and government leaders to discuss the future of their industries and how to add value to society.

“The Arab world will need its private sector to address youth unemployment, the current skills gap for the Fourth Industrial Revolution and the inclusion of women in the workforce. Start-ups, and the entrepreneurs building them, are key to a strategic public-private dialogue on these issues and to creating corresponding new opportunities in society,” said Mirek Dusek, Deputy Head of the Centre for Geopolitical and Regional Affairs, Member of the Executive Committee, World Economic Forum.

Among the selected start-ups are: the world’s first halal investment platform (Wahed, UAE); a biotech company that uses camel milk to develop antibodies (MonoJo, Jordan); a company that uses augmented reality for surgeons to contribute remotely to clinical procedures (Proximie, Lebanon); an app that reinvents public transport with fixed fares and booking (Swvl, Egypt); a platform to meet fellow football players and book pitches (Malaem, Bahrain); a production company shaping its country’s cultural landscape (Akkasa, Oman); a bracelet that detects epilepsy seizures and sends alerts to care-givers (Epilert, Tunisia); the first coding booth camps for the Arab world (Coded, Kuwait); an app for civic engagement (Clean City M3kod, Morocco); and a company conducting a range of mapping including that of cultural heritage sites with autonomous drones (FalconViz, Saudi Arabia).

“Across the Middle East, entrepreneurs are devising increasingly innovative ways to tackle the evolving societal challenges of the Fourth Industrial Revolution with novel applications of technology. These efforts need to be encouraged, recognized and supported by investors, business leaders and policy-makers. The 100 Arab start-ups initiative is not just a platform for recognizing promise but a way to bring great minds together to discuss the limitless possibilities of the Fourth Industrial Revolution and the next breakthroughs that the regional ecosystem can deliver. The Bahrain Economic Development Board (EDB) is proud to partner with the World Economic Forum on the search for the 100 Arab start-ups shaping the future,” said Khalid Al Rumaihi, Chief Executive of the EDB.

The initiative welcomed back start-ups selected in 2017, including: Elves (Egypt), an AI concierge service; Daraty (Syria), a toolkit for children to learn electronics; and Careem (UAE), the Arab world’s first unicorn company recently sold for $3.1 billion.

With a 31% increase in investments compared to 2017, a new record was reached for regional start-up funding last year, according to data from Magnitt, a company twice selected among the 100 Arab start-ups initiative. Foreign investment remained stable in 2018 with 30% from outside the Arab world, while fintech took over e-commerce as the top industry as a result of an 8% increase in deals since 2017.

Selection committee

A selection committee of experts on the start-ups ecosystem in the region worked with the World Economic Forum and the EDB to screen and select the 100 start-ups.

· Abdulrahman Tarabzouni, Chief Executive Officer and Managing Director, Saudi Technology Ventures (STV)

· Ahmed El Alfi, Founder and Chairman, Sawari Ventures

· Amir Farha, Co-Founder and Managing Director, Beco Capital

· Areije Al Shakar, Director and Fund Manager, Al Waha Venture Capital Fund; Senior Vice-President, Bahrain Development Bank

· Hala Fadel, Founder and Managing Partner, Leap Ventures

· Khaled Talhouni, Managing Partner, Wamda Capital

· Mirek Dusek, Deputy Head of the Centre for Geopolitical and Regional Affairs, Member of the Executive Committee, World Economic Forum

About the meeting

With the full support and presence of Their Majesties King Abdullah II and Queen Rania Al Abdullah, the meeting will convene over 1,000 key leaders from government, business and civil society, as well as leaders from Gulf Cooperation Council countries, the Levant and North Africa, and key international stakeholders from East Africa, Europe and the United States. Building on the Forum’s Annual Meeting in January in Davos-Klosters and its theme of Globalization 4.0, the World Economic Forum on the Middle East and North Africa will take place under the theme, Building Platforms of Cooperation.

Continue Reading
Comments

Tech News

Guterres: New technology a ‘vector of hope’ but also ‘a source of fear’

Newsroom

Published

on

Secretary-General António Guterres meets with the Minister of Foreign Affairs of the Russian Federation Sergey Lavrov on the sidelines of the St. Petersburg International Economic Forum 2019 (SPIEF). Photo: Ministry of Foreign Affairs (MFA) of the Russian Federation

Technological innovation is continuing to transform the world, with the potential to propel us all towards reaching the 2030 Sustainable Development Goals (SDGs) said the UN Secretary-General António Guterres on Friday, at the Saint Petersburg International Economic Forum in Russia.

But as much as it is a “vector of hope, it is also a source of fear”, that will cause massive disruption to labour markets as they adapt with an “enormous amount of jobs both created and destroyed by artificial intelligence”, added the UN chief.

Sharing the stage with Russian President Vladimir Putin, and Chinese President Xi Jingping, along with other national leaders, Mr. Guterres highlighted the publication this coming Monday of his High-Level Panel on Digital Cooperation, co-chaired by China’s Jack Ma, founder of the Ali Baba conglomerate, and Melinda Gates of the Gates Foundation; a leading former Microsoft executive, before she and her husband Bill devoted their energies fulltime to running the world’s largest philanthropic organization.

Their report will issue recommendations on the way forward for the so-called Fourth Industrial Revolution, with Panel members having spent months listening to input from industry, the private sector, governments, academia, civil society and inter-governmental organizations across the world. It was set up almost a year ago.

“We need a massive investment in education – but also a different kind of education” said Mr. Guterres in Saint Petersburg, “not just learning things, but learning how to learn, and learning across the lifetime. And we also need a new generation of safety nets, for effective social protection for the people negatively impacted.”

He noted other major risks, such as the “crippling impact of cyber-attacks, as well as the threats to privacy and violations of human rights. And the internet is simultaneously a remarkable vehicle for connecting people and a weapon for dividing them through hate speech”, he added, noting that still only half the world was even online.

“Our shared challenge is to reduce digital inequality, to build digital capacity and ensure that new technologies are on our side and are a force for good”.

Mr. Guterres told world leaders that “our shared duty…is to show that we care and that international cooperation can deliver”, noting this was the driver behind his UN reform agenda, a new disarmament agenda, strengthened counter-terrorism efforts and the forthcoming plan of action against hate speech.

Guterres underlines Russia’s ‘important role’

After meeting President Putin on Friday, the UN chief said the event in the historic Russian city was an “important opportunity” to address issues vital to the Organization “and in particular, in this Forum’s context, the Sustainable Development Goals and the possibility of a fair globalization.”

I would also like to underline the very important role that Russia plays in support of multilateralism and the UN – support that is even more important, in (the) difficult times we are living in”, he told reporters.

“As a founding member, permanent member of the Security Council, Russia is an absolutely indispensable actor in the international scene today if we want a more balanced world,” he concluded.

Continue Reading

Tech News

AI summit focuses on fighting hunger, climate crisis and transition to ‘smart sustainable cities’

Newsroom

Published

on

Artificial intelligence, or AI, is at the forefront of fighting hunger, mitigating the climate crisis and facilitating “the transition to smart sustainable cities”, said the chief of the UN agency which specializes in information and communication technologies, Houlin Zhao, kicking off the third AI for Good Global Summit in Geneva.

 “This summit is the leading United Nations platform for dialogue on artificial intelligence”, explained the Secretary-General of the International Telecommunication Union (ITU) on Tuesday, adding that it “also raises complex questions about privacy and trust and poses other challenges, from job displacement and potential bias in algorithms, to autonomous weapons and social manipulation”.

More than 2,000 participants from over 120 countries joined AI leaders and humanitarian actors to highlight its potential for advancing education, healthcare and wellbeing, social and economic equality and space research.

Unable to attend in person, Secretary-General António Guterres sent a message lauding “the promise” of AI while also warning against its potential dangers.

“If we are to harness the benefits of artificial intelligence and address the risks, we must all work together – Governments, industry, academia and civil society – to develop the frameworks and systems that enable responsible innovation”, he said. “These systems must be nimble and adaptable, capable of developing norms and self-regulation standards alongside legally binding laws and instruments when needed, as in the case of lethal autonomous weapons”.

Noting that the UN is “well placed” as a forum on “how best to guide progress to better serve humanity,” Mr. Guterres underscored that “we must seize the moment, in partnership, to deliver on the promise of technological advances and harness them for the common good”.

In his opening address, Petteri Taalas, Secretary-General of the World Meteorological Organization (WMO) spelled out that climate change is accentuating the need for tailored information to improve resilience to extreme weather events.

“WMO deals with big data every day, running a 24/7 operational prediction system based on a huge amount of data gathered around the world,” he said, identifying AI as a potentially valuable tool to help meet this challenge.

Guided by its inter-disciplinary audience, this year’s summit aims to generate ‘AI for Good’ projects and ensure that associated technologies will be developed safely, allowing equal access for all.

Francis Gurry, Director General of the World Intellectual Property Organization (WIPO) said that 340,000 AI patent applications have been filed since the 1950s: “Artificial intelligence is one of the most important of the technologies that are currently transforming our economy and society.”

He acknowledged there were pressing economic, social and ethical questions surrounding AI, saying that “we are at an extremely early stage, but the common characteristic is that the underlying technological activity…is occurring at a much more rapid speed than our capacity to formulate” responses.

Organized by the International Telecommunication Union (ITU) – in partnership with the XPRIZE Foundation, the Association for Computing Machinery (ACM) and 37 UN entities – the summit, which will run from 28-31 May, aims to identify practical applications of AI to accelerate the UN Sustainable Development Goals.

Conversation centered around how to use AI and data to help find scalable solutions to the biggest challenges facing humanity,” XPRIZE CEO Anousheh Ansari said.

It will also debate unintended consequences of the AI revolution, and propose actions for high-potential solutions in achieving global scale, along with a so-called “learning day” to offer an audience with leading AI experts and educators.

“By bringing together AI technologists with leaders in government, industry, and humanitarian initiatives, new ways to apply AI to pressing world challenges are imagined and realized,” stressed Vicki L. Hanson, ACM CEO.

What is clear to ITU chief Zhao is that “no one nation, no one organization, no one company and no one community can meet these challenges alone”.

“The path to a transformative but also a safe, trusted and inclusive AI will require unprecedented collaboration between government, industry, academia and civil society”, he concluded.

Continue Reading

Tech News

Forty-two countries adopt new OECD Principles on Artificial Intelligence

Newsroom

Published

on

OECD and partner countries formally adopted the first set of intergovernmental policy guidelines on Artificial Intelligence (AI) today, agreeing to uphold international standards that aim to ensure AI systems are designed to be robust, safe, fair and trustworthy.

The OECD’s 36 member countries, along with Argentina, Brazil, Colombia, Costa Rica, Peru and Romania, signed up to the OECD Principles on Artificial Intelligence at the Organisation’s annual Ministerial Council Meeting, taking place today and tomorrow in Paris and focused this year on “Harnessing the Digital Transition for Sustainable Development”. Elaborated with guidance from an expert group formed by more than 50 members from governments, academia, business, civil society, international bodies, the tech community and trade unions, the Principles comprise five values-based principles for the responsible deployment of trustworthy AI and five recommendations for public policy and international co-operation. They aim to guide governments, organisations and individuals in designing and running AI systems in a way that puts people’s best interests first and ensuring that designers and operators are held accountable for their proper functioning.

“Artificial Intelligence is revolutionising the way we live and work, and offering extraordinary benefits for our societies and economies. Yet, it raises new challenges and is also fuelling anxieties and ethical concerns. This puts the onus on governments to ensure that AI systems are designed in a way that respects our values and laws, so people can trust that their safety and privacy will be paramount,” said OECD Secretary-General Angel Gurría. “These Principles will be a global reference point for trustworthy AI so that we can harness its opportunities in a way that delivers the best outcomes for all.”

The AI Principles have the backing of the European Commission, whose high-level expert group has produced Ethics Guidelines for Trustworthy AI, and they will be part of the discussion at the forthcoming G20 Leaders’ Summit in Japan. The OECD’s digital policy experts will build on the Principles in the months ahead to produce practical guidance for implementing them.

While not legally binding, existing OECD Principles in other policy areas have proved highly influential in setting international standards and helping governments to design national legislation. For example, the OECD Privacy Guidelines, which set limits to the collection and use of personal data, underlie many privacy laws and frameworks in the United States, Europe and Asia. The G20-endorsed OECD Principles of Corporate Governance have become an international benchmark for policy makers, investors, companies and other stakeholders working on institutional and regulatory frameworks for corporate governance.

Download the AI Principles in full. In summary, they state that:

  1. AI should benefit people and the planet by driving inclusive growth, sustainable development and well-being.
  2. AI systems should be designed in a way that respects the rule of law, human rights, democratic values and diversity, and they should include appropriate safeguards –  for example, enabling human intervention where necessary – to ensure a fair and just society.
  3. There should be transparency and responsible disclosure around AI systems to ensure that people understand when they are engaging with them and can challenge outcomes.
  4. AI systems must function in a robust, secure and safe way throughout their lifetimes, and potential risks should be continually assessed and managed.
  5. Organisations and individuals developing, deploying or operating AI systems should be held accountable for their proper functioning in line with the above principles.

The OECD recommends that governments:

  • Facilitate public and private investment in research & development to spur innovation in trustworthy AI.
  • Foster accessible AI ecosystems with digital infrastructure and technologies, and mechanisms to share data and knowledge.
  • Create a policy environment that will open the way to deployment of trustworthy AI systems.
  • Equip people with the skills for AI and support workers to ensure a fair transition.
  • Co-operate across borders and sectors to share information, develop standards and work towards responsible stewardship of AI.

Continue Reading

Latest

Reports3 hours ago

Fossil fuel support is rising again in a threat to climate change efforts

Fossil-fuel subsidies are environmentally harmful, costly, and distortive. After a 3 years downward trend between 2013 and 2016, government support for...

Reports8 hours ago

Fast-Paced Reforms Lead to Improvements in Ease of Doing Business Across Kazakhstan

Regions of Kazakhstan have made doing business easier by improving business regulation over the past two years, says the World...

Eastern Europe11 hours ago

Armenia’s position blurred the progress for the Nagorno-Karabakh conflict and leads to an escalation

The conflict between two South Caucasus countries – Armenia and Azerbaijan over the Nagorno-Karabakh became as one of the bloodiest...

Intelligence13 hours ago

Tanker Incidents: Who Blinks First?

The recent tanker incidents in the Gulf of Oman have heightened the potential for a dangerous conflict. Now that the...

Tourism15 hours ago

Tourism: A Global Force For Growth And Development

The World Tourism Organization (UNWTO) has met in Baku, Azerbaijan, for the 110th Session of its Executive Council (16-18 June)....

Americas17 hours ago

Trump’s New Wall? Mexico’s Southern Border

For much of modern history, Mexico defined itself in opposition to the United States. In recent years, the two countries...

Hotels & Resorts19 hours ago

A Vision of Sustainable Middle Eastern Design at Four Seasons Hotel Abu Dhabi

Discover a vision of modern Middle Eastern Design at Four Seasons Hotel Abu Dhabi at Al Maryah Island. Developed in...

Trending

Copyright © 2019 Modern Diplomacy