The 38th annual meeting of the International Business Leaders' Advisory Council (IBLAC) for the Mayor of Shanghai will be held on Oct 10 and 11. Investor AB Chairman and former IBLAC chairman Jacob Wallenberg said AI creates real value when paired with deep industry expertise, strong leadership, and trust. He highlighted IBLAC as a platform for global leaders to exchange ideas, learn from each other, and discuss how development and innovation can support long-term, sustainable progress.