Gov’t Must Foster AI-Friendly Environment – Business Executives

‘AI could double PH economy by 2030’ – DTI exec

Business executives have urged the government to create an environment that is more conducive to the development and adoption of artificial intelligence (AI) in the country.

Marcos vows to support modern tech

In his speech at the recent Philippine Economic Briefing in Singapore, President Ferdinand Marcos Jr. said that the government is committed to supporting the development of modern technologies, including AI. He said that the government is working on creating a regulatory framework that will encourage innovation and investment in AI.

AI Spending to Hit $62B by 2023

According to a report by Gartner, global spending on AI is expected to reach $62 billion by 2023. The report also found that AI is expected to have a major impact on the global economy, with the potential to increase global GDP by $15.7 trillion by 2030.

AI Can Double PH Economy by 2030 – DTI Exec

In a presentation at the recent AI Philippines Summit, Department of Trade and Industry (DTI) Undersecretary Rafaelita Aldaba said that AI could double the Philippine economy by 2030. She said that AI can help the country improve its productivity, efficiency, and competitiveness.

AI Can Transform PH Industries

AI has the potential to transform a wide range of industries in the Philippines, including manufacturing, agriculture, healthcare, and education. For example, AI can be used to automate tasks, improve quality control, and develop new products and services.

AI Can Create New Jobs

While AI is expected to automate some tasks, it is also expected to create new jobs. For example, AI can be used to develop new products and services, and to create new jobs in areas such as data science and machine learning.

Challenges to AI Adoption in PH

There are a number of challenges to the adoption of AI in the Philippines, including a lack of awareness about AI, a lack of skilled workers, and a lack of access to funding.

PH Lagging Behind in AI Development

The Philippines is lagging behind other countries in the development and adoption of AI. According to a report by the World Intellectual Property Organization, the Philippines is ranked 54th out of 129 countries in terms of AI development.

Gov’t Must Do More to Support AI

The government needs to do more to support the development and adoption of AI in the Philippines. This includes creating a regulatory framework that encourages innovation and investment in AI, and investing in education and training programs to develop a skilled workforce.

Conclusion

AI has the potential to transform the Philippine economy and create new jobs. However, the government needs to do more to support the development and adoption of AI in the country. By creating a more conducive environment for AI, the Philippines can position itself to become a leader in the global AI market.