Sheikh Mohamed attends Ramadan lecture on solving global cha…

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Revealed: Wed 20 Apr 2022, 11:31 PM

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the 3rd Ramadan lecture organised by Majlis Mohamed bin Zayed, titled ‘How to fix the largest global issues through innovation’, and hosted at Sheikh Zayed Grand Mosque in Abu Dhabi.

The lecture was presented by Edward Jung, Founder and Main Technological know-how Officer at Mental Ventures, the largest invention fund in history.

All through the lecture, Jung resolved quite a few key themes checking out diverse varieties of systems applicable to our modern-day planet, what this could indicate in the lengthy-term and envisioned the foreseeable future immediately after the environment adapts to video game-altering systems.

Jung explained that the entire world requirements a new design of innovation and a new system of incentives, technology advancement, finance and R&D to tackle modern greatest international difficulties like setting up successful metropolitan areas, ageing, local weather alter and schooling.

One particular of the prime 12 inventors in history with in excess of 1,200 issued US patents across various fields, Jung stated the environment experienced become incredibly good at constructing more compact answers. The commence-up financial system solves targeted troubles really ably, the previous Microsoft chief architect explained, including that a whole lot of the challenges struggling with us now drastically exceed the skills of solitary organizations.

In the previous, a govt would phase in and consider to align a quantity of organizations into a concerted effort and hard work but this occurs hardly ever now, Jung claimed.

In addition, whilst providers may perhaps get concerned in massive jobs of their personal as they scale up, it is extremely tough for them to get into incredibly huge integrative jobs, thus leading to an invention hole.

He claimed that the future logical move for the know-how industry is a ‘collaborative context-based’ innovation economic climate in which a lead architect of types does the coordinating do the job of breaking down massive tasks into parts and assigning them to many players because these ‘civilisational-scale challenges are past the scope of any a single company’.

Jung, who has been passionate about innovation given that childhood and thinks innovation is the important to solving the complications of humanity, cited the aerospace industry as a operating product of these top rated-down innovation.

He included that he envisions his company Intellectual Ventures playing a coordinating position in tasks like building megacities for the billions who will be transferring from countrysides to towns above the subsequent number of decades.

There are more towns being crafted now than ever in heritage, he stated, with some of these metropolis jobs costing dozens of billions of dollars. He mentioned that the metropolitan areas are mainly currently being constructed like any other metropolis in the previous, adhering to mainly the very same blueprint.

The founder of in excess of a dozen begin-ups and innovation advisor to many organisations described this is an possibility for large amounts of new innovation, since each individual town is primarily an economic infrastructure for innovation. Making a metropolis about new improvements would minimize the charge of deploying innovations and boost the need for improvements.

Jung elaborated that if a single models a town a little differently, one can make it as effortless to plug new stuff in and unplug previous things as it is to buy applications in the Apple Application Retailer.

Video-recorded contributions by Dr. Sultan bin Ahmed Al Jaber, Minister of Market and Advanced Technologies Khalfan Belhoul, CEO, Dubai Upcoming Basis and Dr. Eric Xing, President at Mohamed bin Zayed College of AI, had been aired for the duration of the lecture.

The speakers showcased how the UAE adopted and invested in different systems and improvements and available their views on the importance of technological innovation.

The lecture, which attended by a selection of UAE dignitaries and officers, will be aired on Thursday at 17:55 on nearby channels as effectively as on the Majlis Mohamed bin Zayed YouTube Channel.

It really is element of a series of lectures for the duration of the holy month of Ramadan, which examine a selection of crucial concerns of curiosity to individuals and societies by web hosting a group of specialists and researchers in several fields.


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