My name is Federico Pivovar. I'm the CEO

for Globant for Mina and AIPA and I've

been a member of the FII for the last 4

years.

The company Globant, what we do is we

create experiences for our customers. We

use technology, we use AI

to craft this and we have been working

alongside FII for the last 4 years. I

think every industry is facing

challenges today.

The main reason for those challenges is

AI is creating so much disruption in

everything that we do that in a way many

companies are

stalled. They don't really know what how

to act, right? Obviously, the first

thing that AI attacked, in a way, is my

industry because it's an industry of

creating technology, coding, for

example.

Now, what is happening is that AI and

generative AI is decreasing the cost of

building software and also accelerating,

right? So, as JP Morgan, you can do two

things. You can say, "Okay, I lost

and a number of competitors will come in

with much less money to build a product

that is as

similar as mine.

Or, I can go and invest those $400

million to to massively accelerate the

innovation.

There's a lot of talks

happening, which is good, right?

On how you

help accelerate and create

um

policies for AI to flourish in this

ecosystem because they see that between

China and the US, they're going to eat

the market and they're very far behind.

So, conversations are happening. Let's

see,

like European Union

is an union, but it's it's a lot of

countries with different perspectives,

cultures and ways of doing things. So,

it's still a challenge, but I think

there's a chance for for Europe to

really

rise. You know, we have been in other

conflicts in the last months. I think

Europe was a point of stability. So,

hopefully Europe can capitalize on that

and accelerate.

It's

a willingness

to invest on innovation and to wrap

rapidly

leapfrog everything that the rest of the

world was doing.

And what you see in this region is that

decision-making is very fast.

And the deployment of capital happens

really fast. So, I came back to the

founder of Globant and I said,

"This is a place where we need to be."

And what we see now is that the

companies are willing

to invest on innovation that is today

challenging the innovation coming out of

the US even. They're also investing in

the right things because they are

investing on building the

infrastructure, right? Building the data

centers, building the energy. So, what

we see in the region is that they are

going all in for AI and investing in the

right things. It has a huge potential.

It has a huge potential.

But the reality is that we're still

struggling

on the government side of things, right?

When I was telling you that the rapid

decision-making that happens in the

Middle East,

we're still not making decisions fast

enough, right? I'm from Argentina. Milei

is opening up, you know, the economy to

the world. But you see countries around

us that are not so open, right? And I

think the deployment of capital relies

quite a lot in government regulations.

So, nailing the regulations, nailing the

government, I think will will create the

ecosystem that we today we see in the

GCC.

In a way,

a technology that is as powerful as this

also is democrat-

the access to knowledge, right? Than

used to be uh closed to very developed

countries. So, today you can develop a

website, create a marketing strategy,

and create strategy for your brand uh

with in the palm of your hand, and

create a single-person company that

before it was impossible to achieve. So,

in a way, I believe this technology

uh will create more opportunities for

people.

But as we are getting there, I think uh

definitely we need to join have more

conversation about what we're doing

together as a world uh with AI. I think

decisions are being made by a very

selective group that not all nations are

part of.

And I think that needs to uh come down

to to a bigger audience uh and a bigger

collaboration between between nations.

Well, first and foremost, uh

uh I was fear of missing out. Every

major CEO

uh and every every major company was

becoming a member.

And the reality is that we want to be in

the conversation. As being a technology

company, but also representing, you

know, Argentina, Latin America, that

hasn't been in the center stage for for

quite a long time, was super exciting

for us. The region in Middle East is the

fastest growing for company.

Um

and reality is that

uh FII is the place where you have the

important meetings, right? Is the place

where uh we have been preparing to have

the meetings. Uh so, definitely has

helped massively for us to to close

business and to grow in the in the

region in particular.

I think what we have been discussing

quite a lot it's

in a way opening up for private

companies

to have honest conversations about

what's going on in the world.

And I don't think there was a forum

as big, as important, and as attended by

global leaders

as the FII.

You know, uh FII last year, everybody

from Open AI was here ready to ready to

rumble and every time continues to outdo

themselves in terms of who comes, who

speaks about what.

So, just having that ecosystem built, I

think is is is creating a huge impact

around the world for sure. And what you

see something that was born in Riyadh,

the most unlikely of places

for an Argentinian, the reality is that

now has global impact. We are here in

Rome.

Uh happened during this year also in

Miami.

You have it in Tokyo. So, it is creating

a global impact that I think it's it's

been great. I expect FII to continue to

create an ecosystem. I think

we also need

the ability to have close forums more

often

to have inside conversations as well.

And they have been incentivizing that

for for quite some time. Hopefully that

will continue. And also, you know,

continue to invest on bringing people

together. I think it's is one of the key

milestones we need to continue pushing

for the next years. As a business of

mine, you know, I do technology. I talk

to every business leader. Everybody's

doing technology today, doing AI. So,

it's it's an ecosystem that we we are

very glad to be part of.