Experts review the convergence of artificial intelligence, entrepreneurship and the circular economy in "American Ras Al Khaimah"

Ras Al Khaimah, 31 January / WAM / Global experts, researchers, professionals and policy makers from various disciplines stressed the necessity of integrating business management practices, entrepreneurship and the principles of a sustainable circular economy, during the second international conference hosted by the American University of Ras Al Khaimah entitled “Transformation towards better artificial intelligence, entrepreneurship and the sustainable circular economy”.

This conference, which was held on January 28 and 29, aims to explore how artificial intelligence, responsible entrepreneurship, and circular economy principles can contribute to building a more sustainable and inclusive future, through keynote speeches and advanced workshops presented by international experts.

Professor Khaled Hussein, Vice Dean of the American University of Ras Al Khaimah, said that the conference addressed the intersection between three main areas, namely artificial intelligence, entrepreneurship and the circular economy, noting that it aims to bring about positive change, enhance environmental responsibility and improve economic and social well-being, by integrating artificial intelligence, business management practices, entrepreneurship and the sustainable circular economy.

For his part, Professor Tahseen Anwar Arshi, Vice Dean for Research and Sustainability, Dean of the College of Business Administration at the American University of Ras Al Khaimah, and Chairman of the Conference, called for a shift from focusing on efficiency to focusing on ethics, and from focusing on performance to focusing on purpose.

He added: “We propose the concept of artificial intelligence designed according to the principles of the circular economy, where AI systems are trained not only to generate profit, but also to renew. We also propose algorithms that include carbon, waste and social costs as actual data, as well as proposing business models in which growth is decoupled from depletion.”

Among the keynote speakers was Professor KC Santosh, Professor, Head and Director of the Artificial Intelligence Laboratory at the University of South Dakota in the United States of America, who spoke on the topic “Transition towards carbon-neutral human artificial intelligence”, and provided insights into the carbon footprint of major research institutions, including technology companies. He also spoke about building sustainable artificial intelligence solutions and superior human artificial intelligence, as well as touching on liquid neural networks and medical imaging tools. Dr. Yasmin Luk, CEO of the Integrated Development Solutions Group and an expert and auditor for the World Tourism Organization, delivered a keynote speech entitled “Accelerating Systems Change for Circular Growth in the Age of Artificial Intelligence,” in which she explained that the need for specialists in green fields is greater than the number of qualified people currently available in the labor market.

She said that it is expected that in the next decade we will see millions of new jobs globally, driven by new climate policies and commitments, especially in the fields of renewable energy and the environment, pointing out that estimates by the International Energy Agency indicate that green energy infrastructure alone will need to fill 14 million new jobs around the world by 2030.

Dr. Basil M. delivered a speech. Hantash, Chairman, CEO and Chief Science Officer of Escape Therapeutics, USA, and a pioneer in serial entrepreneurship and regenerative medicine, delivered a valuable keynote address titled “Deconstructing the $346 Trillion Debt Bomb: Why Innovation is the Only Rational Way Out of the Global Debt Abyss,” during which he explained that the true essence of innovation lies not only in technical progress, but also in its ability to lower business costs, reduce national debt, and improve people’s living standards.

The advanced workshops included sessions tailored to students on leadership trends and business research applications.

The conference included four parallel tracks of peer-reviewed research presentations in the fields of artificial intelligence, business, sustainability, and social impact. It also included opportunities for dialogue and collaboration between disciplines and tracks for publication at Springer Nature.

The conference was organized in partnership with the International Foundation for the Promotion of Research and Exchange of Knowledge. This international organization is a leading body in the field of developing knowledge and promoting research globally by organizing and managing conferences in various fields of knowledge, in cooperation with Majan University College in the Sultanate of Oman, which participated in hosting the conference.

This event was supported by Springer Nature, a leading academic publishing house, and the conference events will be indexed in Scopus, a prestigious database of abstracts and citations, enhancing the visibility and impact of the research presented.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter