Jack Hidary - CEO, SandboxAQ

Jack Hidary, CEO of SandboxAQ, highlights the Gulf region's strategic shift from an oil-dependent economy to one driven by intellectual property and artificial intelligence. This transition is catalyzed by partnerships like the one between SandboxAQ and Aramco, focusing on AI applications in chemistry to enhance hydrocarbon value extraction. The Gulf region is poised to become a hub for data centers, requiring a significant increase in electricity to support AI training and usage. Additionally, the region is advancing in genomics and electronic medical records, aiming to become a creator of intellectual property in medicine. The discussion also addresses concerns about AI's impact on jobs, emphasizing the need for education and reskilling to adapt to technological advancements. Robotics and sensing technologies are expected to transform industries like construction, enhancing efficiency and productivity.