The Philippine economy is seen to gain over P2 trillion every year if businesses in the country adopt artificial intelligence , according to the National Economic and Development Authority on Wednesday.NEDA Secretary Arsenio Balisacan, citing a study by consulting firm McKinsey, said that AI is estimated to contribute $15.7 trillion to the global economy by 2030, “with the Philippines potentially gaining P2.6 trillion annually if businesses adopt AI-powered solutions.
The CAIR’s mission is to transform the Philippines into a premier destination for AI-driven innovation and investments.By creating AI solutions for regional concerns, notably sustainable agriculture, urban planning, and disaster resilience, the DTI said the CAIR hopes to establish the Philippines as a leader in multiple AI application areas.