What is the role of Artificial Intelligence in impacting the economy?

The session was moderated by Timothy Yoon, Director of SocraticsAI and TRACE Capital Holdings.

The panelists included:

- Sherzod Shermatov, Minister of Digital Technologies of Uzbekistan

- Antonio Benjamin, Former Technical Director of Citigroup

- Alexander Kraynov, Director of Yandex Machine Intelligence Laboratory

- Andrea Lovato, Director of Data Volt Futures and Solutions

Throughout the event, specialists discussed the vital role of AI-based algorithms in fostering sustainable development and innovation, emphasizing their significance in optimizing processes, automating routine tasks, and acquiring valuable data.

Additionally, the discussion highlighted the necessity of preparing for the significant transformation facilitated by the advent of artificial intelligence, ensuring inclusive and sustainable development for the future.

Experts analyzed the regional and global economic implications of artificial intelligence and its role in addressing challenges. Minister Sherzod Shermatov emphasized the importance of AI in simplifying human life, stating, "This is exactly what we are looking for in AI. There are various perceptions about artificial intelligence. Along with that, we need to anticipate its further development and anticipate the challenges for our society."

Antonio Benjamin, Former Technical Director of Citigroup, warned of the risks associated with AI, not only for Uzbekistan but for all countries. "It is very important for Uzbekistan and each country to have a national and sovereign artificial intelligence strategy. This strategy should embody the value of your nation, its history, and national traditions," he said.

According to Alexander Kraynov, Director of Yandex Machine Intelligence Laboratory, all search systems worldwide are based on complete AI technology. In his opinion, remarkable changes are expected in the fields of medicine and education in the next 3-5 years.