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FII Convenes Dialogues on Global Growth and Sustainable Innovation

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RIYADH, Saudi Arabia, Oct. 31, 2024 /PRNewswire/ — On the second day of the 8th Future Investment Initiative (FII) in Riyadh, leaders from around the world gathered to discuss the transformative potential of emerging technologies and investment strategies in redefining the future.  A Special Address was delivered by H.E. Minh Chính Phạm, Prime Minister, Socialist Republic of Vietnam.

Richard Attias, CEO of the FII Institute, summarised the day’s ambitions, stating, “At FII8, we are witnessing a new era where innovation and capital converge not just to shape industries but to create a sustainable and inclusive future for all. Today’s discussions highlighted the journey toward a world of boundless possibilities and infinite opportunities.”

Standout moments from Day Two of FII8

  1. Board of Changemakers on Technology & Innovation: Leaders from industries including Marcelo Claure, Founder & CEO, Claure Group; Group Vice Chairman, SHEIN;  Alex Clavel, Co-CEO, SoftBank Vision Funds; Hani Enaya, CIO, Sanabil Investments; Antonio J. Gracias, Founder, CEO & CIO, Valor Equity Partners; Vineet Mittal, Chairman, Avaada Group; Dan Schulman, Vice Chairman & Managing Partner, Valor Capital Group; Robert Smith, Founder, Chairman & CEO, Vista Equity Partners; and Julie Sweet, Chair & CEO, Accenture explored how AI could create up to $10.3 trillion in economic value by 2038. This session urged companies to develop AI responsibly to ensure equitable benefits across society.
  2. Ocean Central Announcement: Her Royal Highness Ambassador Reema Bandar Al-Saud, the Ambassador of the Kingdom of Saudi Arabia to the United States of America, announced the launch of Ocean Central, a digital platform developed by Wave and powered by FII Institute which collates data, and provides a clear and evolving view of ocean health, an urgently needed resource in efforts to regenerate our oceans.
    HRH Ambassador Reema Bandar Al-Saud founded Wave as an initiative to champion ocean regeneration within a human generation, an ambitious but achievable aspiration, utilizing science-backed methodologies.
    Wave has developed Ocean Central as a collaborative digital platform to unify once-disparate scientific ocean data by fostering collaboration, empowering decision-makers, and tracking collective progress toward ocean regeneration. Ocean Central combines accessibly displayed data with data-driven stories, relevant video content, news, and other ocean regeneration content to broaden users’ perspectives, shine light on the challenges ahead, celebrate successes, and foster a deeper appreciation for our planet’s ocean and our work to save it. To learn more, visit www.oceancentral.org 
  3. AI and Geopolitics of Technology with Dr. Eric Schmidt, Former CEO & Chairman, Google, KBE: Dr. Eric Schmidt delivered a discussion on the geopolitical impact of AI, exploring how advancements in cybersecurity and digital infrastructure are reshaping international relations. His address emphasized the importance of cooperation in data governance and digital trade to navigate a world of increasing technological competition.
  4. The Global Future of Work Compass
    The FII Institute unveiled its latest research, the Global Future of Work Compass, based on responses from over 1,300 people and 200 companies in the MENA region. The report indicates that 50% of respondents find advanced technology disruptive, and 46% believe youth tech training is insufficient, underscoring the need for proactive education reform and upskilling. Read the Full Report Here.
  5. Support for the Symphony of Hope Gala
    The FII Institute contributed $100,000 to the Symphony of Hope Gala, advocating for individuals affected by celiac disease globally. This support aligns with the FII Institute’s commitment to inclusive health initiatives and creating awareness for pressing health concerns.
  6. Clash of the Titans’ Debates
    In a lively debate session titled “Clash of the Titans,” thought leaders exchanged views on three critical issues: the future of currency, the role of AI in truth, and the influence of technology companies in global power. This dynamic format allowed for fresh insights into these epoch-defining challenges. 
  7. The Rise of Global Megaregions
    Speakers from leading global institutions explored the concept of megaregions—large, interconnected economic zones—as new centers of opportunity. They discussed the role of capital in supporting these economic hubs through innovative solutions and infrastructure investments.
  8. Future of Resources: Achieving Clean Industries
    Panellists debated the feasibility of clean industries amid rising demand for critical minerals in renewable technologies. Leaders from SABIC, Sigma Lithium, Vale, Ivanhoe Mines and Ma’aden addressed the challenge of responsibly managing resources to support sustainable growth.
  9. Building A Future-Ready Workforce
    The potential for AI to redefine the future of work was a central theme, with discussions on adapting education and training to meet evolving demands. Industry experts highlighted how AI could contribute $13 trillion to the global economy by 2030, transforming job roles and creating new growth opportunities.
    With a commitment to “Investing Today, Shaping Tomorrow,” the FII Conference continues to pave the way for meaningful investments that drive progress, innovation, and sustainability worldwide. With over 45 sessions held on topics such as green technology and digital transformation in emerging markets, FII8 serves as a platform for exploring innovative solutions to global challenges. The insights shared here are critical to shaping future investment landscapes, empowering leaders, and fostering impactful partnerships.
  10. Announcements: Today, FII8 witnessed the announcement of 11 new financial announcements all investing in impactful solutions for humanity. Alongside these announcements, 6 strategic partnerships were established, underscoring a commitment to driving positive change across diverse sectors including technology, quality of life, innovation, and sustainability. 

About FII Institute

The Future Investment Initiative (FII) Institute is a global non-profit foundation focused on creating positive impacts on humanity. Through its investment arm, FII Institute transforms ideas into solutions across four areas: Artificial Intelligence & Robotics, Education, Healthcare, and Sustainability.

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VIVOTEK Wins Double Honors for Its Commitment to Sustainability

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TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.

Pioneering Sustainability with Dual Recognition

“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”

Driving Sustainability through AI Innovation

VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.

Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.

In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.

Security Sustainability as a Foundation for Social Impact

VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.

Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.

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To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.

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2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters” Successfully Concluded

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GUIYANG, China, Dec. 26, 2024 /PRNewswire/ — To fully implement the spirit of “carrying forward China’s cultural heritage” and “promoting the creative transformation and innovative development of fine traditional Chinese culture”, the 2024 Global Youth Design Contest on Chinese Characters Themed “Guiyang in Characters”, organized by the Publicity Department of the CPC Guiyang Municipal Committee and hosted by www.huanqiu.com, has successfully concluded on Dec.16. The contest drew thousands of teenagers from both China and abroad, who used cultural empowerment and innovative designs of Chinese characters to narrate and promote Guiyang.

At the “Colorful Guizhou • Literary Plateau” Farming and Reading Event, 59 outstanding works from 26 countries, along with 21 representative pieces from various countries and regions, were showcased. According to the organizing committee of the Global Youth Design Contest on Chinese Characters, “This exhibition serves as both a lasting commemoration of the event and a report to all those who care about the inheritance and promotion of Guiyang and Chinese culture.”

In their submissions, the teenagers selected Chinese characters or phrases they believed best represented Guiyang and reimagined them through innovative designs. Outstanding designs incorporated Guiyang’s iconic architecture and cultural landmarks into Chinese characters to present the city’s urban landscape and historical culture. Some works spotlighted Guiyang’s distinctive cuisine, offering a glimpse into the vibrant and diverse local culinary culture. Some other designs drew inspiration from martial arts villages in Guizhou and featured dragon motifs to symbolize the depth and vitality of Guizhou culture.

Saison from Tajikistan was among the participants in this year’s Global Youth Design Contest on Chinese Characters. Speaking about his design of the Chinese characters, he shared that his design sought to merge the beauty of Chinese characters with the charm of Guiyang. “Guiyang is a captivating place, known for its beautiful scenery, delicious food, and diverse ethnic minorities. I tried to incorporate the beauty of Guiyang into my Chinese character design, hoping to convey the city’s charm and the wonders of Chinese characters through my work.”

The contest officially opened for submissions on September 30. In an effort to boost public engagement and participation, a “cheerleading campaign” was organized for shortlisted works from November 22 to 29. Following expert reviews, 80 outstanding works were ultimately selected for public exhibition.

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Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report

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DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.

With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.

Key Findings:

BTC Options Expirations:

In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.

ETH Options: Calls Dominate

Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side. 

Access the Full Report:

Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)

#Bybit / #BybitResearch

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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