The Annual Meeting of the New Champions (AMNC24) is a highly significant event that convenes leaders from diverse sectors in Dalian, People’s Republic of China to deliberate on vital topics. One of the primary focal points of this year’s meeting is the exploration of ‘Entrepreneurship in the Age of AI’, shedding light on how artificial intelligence is shaping the entrepreneurial landscape.
The potential of generative AI to revolutionise and enhance industries in the coming years cannot be overlooked. Entrepreneurs, particularly those in the latest cohort of World Economic Forum Tech Pioneers, are at the forefront of utilising AI and attracting investments. At the same time, the Forum is diligently working on understanding the impact of emerging technologies, spanning from governance to unlocking new opportunities.
During the event, there were engaging sessions led by industry experts discussing the possibilities and implications of AI. Speakers such as Paula Ingabire, Rwanda’s Minister of Information Communication Technology and Innovation, and Anil Gupta, Chair in Strategy, Globalization and Entrepreneurship at the University of Maryland, explored the potential of local innovation in addressing societal challenges. These discussions reflected on the power and potential of local systems coming together to drive progress.
Another thought-provoking session delved into the emerging AI agents, powered by rapid advancements in large language and multi-modal models. Experts such as Xi Kang, Assistant Professor at Owen Graduate School of Management, Vanderbilt University, and Nancy Xu, CEO of Moonhub, presented insightful perspectives on the application and potential implications of these AI agents. They highlighted the evolving nature of artificial intelligence and its role in decision-making in society.
While AI certainly offers new potential to boost productivity and contribute to global economic growth, there are also concerns about the impact on the workforce. This was a key topic discussed during the meeting, as industry leaders examined the potential of AI-powered productivity growth and its implications for the labour force.
As part of the event, there were valuable dialogues around the implementation of the ASEAN Digital Economy Framework Agreement and conversations on unlocking the potential of AI through infrastructure, policy, and investment. These discussions shed light on the regional collaboration and efforts to harness the full potential of AI across different countries.
Furthermore, sessions also addressed the challenges and opportunities associated with AI adoption, including trust in the technology, energy consumption, digital skills gaps, and access to technology. Speakers emphasised the need for responsible regulation, innovation, and policies that encourage the scaling of biotechnology.
The event also provided a platform to explore the latest breakthroughs in AI applications, including the world’s first functional graphene semiconductor and significant advancements in neuromorphic computing. Industry leaders and experts shared their insights on how these breakthroughs are reshaping the future of industry and driving productivity gains.
Amidst the extensive discussions and insights, the World Economic Forum’s role in creating guardrails for Artificial Intelligence was also highlighted, showcasing the commitment to ensuring responsible and ethical use of AI.
Overall, the Annual Meeting of the New Champions brought together a dynamic mix of perspectives and expertise, addressing the critical intersection of AI and entrepreneurship. As AI continues to evolve, it is imperative for entrepreneurs to stay informed about the latest developments and understand the potential impacts on their ventures. This meeting served as a platform to navigate the complexities and opportunities presented by the Age of AI.