Doha:The Qatar Financial Markets, AI, and Digital Assets Expo commenced in Doha, focusing on the transformative role of artificial intelligence in finance, regulation, and society at large.

According to Qatar News Agency, the two-day summit is exploring the increased integration of AI within financial services and the challenges presented by its autonomous systems. Dr. Khaldoun Nusair, founder of AFAQ Media Group, which is organizing the event, emphasized the evolving role of humans in guiding AI development. He noted the shift from AI's initial applications, such as data analysis, to more complex and autonomous tasks, raising economic, regulatory, and human considerations.

Dr. Nusair also addressed artificial general intelligence (AGI), highlighting the global discussions around its expanding capabilities. He pointed out that the rapid pace of AI development is outstripping the ability of legislation, education, and labor markets to keep up, posing challenges for policymakers, especially in finance and investment sectors where AI can execute transactions at unprecedented speeds.

The summit's sessions are examining the impact of AI on industries, business models, and competitiveness, with specific focus on its use by financial institutions and fintech companies to create more efficient financial systems. The event aims to provide insights into managing technological change while fostering economic opportunities and human development.

Additionally, the expo is hosting regional qualifiers for the Startup World Cup, with the winning Qatari startup advancing to the international finals in the United States in November.