ASEAN region poised to capitalise on AI and digital revolution

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ASEAN region poised to capitalise on AI and digital revolution

Southeast Asia is on the brink of leveraging artificial intelligence (AI) and blockchain technology to secure its digital future. Business leaders and policymakers convened in Thailand to discuss the opportunities and challenges presented by these advancements. The forum, hosted by MFC Asset Management, featured prominent figures who emphasized the need for decisive action to capitalize on the region's potential.

Key advantages for the ASEAN region include abundant energy resources, a youthful population, and geopolitical neutrality, making it an attractive investment destination. The AI boom is anticipated to transform various industries, with predictions of significant advancements in fields like healthcare and finance. However, addressing challenges such as talent development and infrastructure gaps is crucial for fully realizing this potential.

• Southeast Asia must act decisively to leverage AI and blockchain.

• AI predicted to transform industries with significant advancements in five years.

Key AI Terms Mentioned in this Article

Artificial Intelligence (AI)

AI is expected to transform industries like healthcare and finance, driving digital disruption.

Blockchain Technology

Blockchain is being positioned as a key technology for secure transactions and digital identity.

Large Language Model (LLM)

GoTo Group is developing its own LLM to enhance services and efficiency in local languages.

Companies Mentioned in this Article

MFC Asset Management

MFC Asset Management hosted the forum to discuss AI and blockchain opportunities in ASEAN.

Tools for Humanity

Tools for Humanity is focused on developing software and hardware solutions that leverage AI.

GoTo Group

GoTo Group is building a large language model to improve its services across various sectors.

BlackRock

BlackRock provides insights on macroeconomic trends influenced by AI and geopolitical changes.

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