Panel session on impact of artificial intelligence held as part of COP29

The Center for Analysis and Coordination of the Fourth Industrial Revolution (4SIM) under Azerbaijan's Ministry of Economy organized a panel session titled "The Impact of Artificial Intelligence: A New Era of Management in Digital Economy with Technological Forecasting" on November 16, Report informs.

According to Report, the panel discussion focused on the key role of artificial intelligence in digital economy development and the impact of technological forecasting on economic sustainability.

Speakers paid special attention to the influence of artificial intelligence on resource optimization, economic crisis prediction, and industrial restructuring.

The session was moderated by Ilkay Demirdag, board member of Turkish company AKSA Enerji, and featured speakers including 4SIM Executive Director Fariz Jafarov, World Economic Forum's Global Collaboration Village President Chieh Huang, Google Development Centers' Government Affairs and Public Policy Manager Olga Skorokhodova, and Israel Innovation Authority's International Collaborations Division Vice President Shlomi Kofman.

The session also addressed the necessary frameworks for ensuring responsible and sustainable integration of artificial intelligence.