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Malaysia's economy demonstrated resilience with a 5.1% growth, surpassing previous forecasts. This growth is attributed to improved trade conditions and increased foreign investments. The World Economic Forum emphasizes the role of AI as a key driver of productivity, potentially enhancing it by 4.5% in emerging economies over the next decade.
Despite the positive outlook, a significant gap in AI adoption exists among businesses, with only 36% prioritizing data infrastructure development. Malaysia faces challenges in AI governance, preparedness, and talent shortages, which must be addressed to fully leverage AI's benefits. The integration of AI into workforce development is essential for bridging skill gaps and ensuring sustained economic success.
• AI could enhance productivity in emerging economies by 4.5% over the next decade.
• Only 36% of businesses prioritize developing data infrastructure for AI.
AI is highlighted as a significant driver of productivity and economic growth.
The development of data infrastructure is crucial for effective AI adoption in businesses.
Digital fluency is identified as a top skill in demand due to AI integration.
Ernst & Young is involved in consulting on AI strategies and workforce development.
TalentCorp focuses on equipping Malaysian talent with skills relevant to the AI and digital economy.
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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