Al Ahli Bank of Kuwait Sponsors ‘AI Scary Smart’ Lecture with the Kuwait Institute of Banking Studies

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Kuwait City, Apr 29: Al Ahli Bank of Kuwait (ABK) recently announced its sponsorship of the ‘AI: Scary Smart’ lecture organized by the Kuwait Institute of Banking Studies (KIBS), attended by Mr. Talal Behbehani, Chairman of ABK, as well as leaders in the banking and telecom industries. This was hosted by Mohammad Jawdat, former CEO at X (formerly known as Google X) and expert in artificial intelligence.

This lecture revolved around artificial intelligence and its prominent technologies, major developments and mechanisms during the coming years. It also covered the effects of the rapid development of artificial intelligence, technological transformations and their impact on growth opportunities and the future of the banking and other sectors, as well as societies and individuals.

The Bank’s sponsorship of the lecture reflects its commitment to staying abreast of artificial intelligence advancements, leveraging them to improve operational processes, solutions, and banking services. This aims to boost its competitive position in Kuwait’s banking sector, and meeting customers’ needs in accordance with the highest international standards.

The sponsorship also underscores the strong rapport between ABK and KIBS, emphasizing the Bank’s ongoing dedication to enriching the banking sector through collaborative initiatives. This includes fostering employee expertise in partnership with reputable institutions on the local, regional, and global scale.

On this occasion, Sager Albenali, Chief Communications Officer at ABK, said, “Our sponsorship of the “AI Scary Smart” lecture aligns with our ongoing digital transformation plan to boost operational efficiency, drive innovation, and implement automation across our operations to enhance performance across the Bank.”

Furthermore, he emphasized that artificial intelligence is a significant force in today’s business sectors. He highlighted the Bank’s commitment to understanding its benefits and utilization methods to align with established plans efficiently and within the allotted timelines.

Albenali closed his statement by affirming, “ABK strives to stay abreast of technological advancements in the banking sector. Sponsoring the seminar has enabled us to delve into different facts of artificial intelligence, particularly through Jawdat’s expertise and comprehensive discussions covering various topics.”

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