So, you’ve got President Marcos out in the Philippines, right? He’s talking big about how they’re gonna embrace the future with artificial intelligence. He’s out there inviting tech companies and venture capitalists from the US to come partner up with the Philippines in this AI journey. This all went down during the Asia-Pacific Economic Cooperation summit in California. The President’s got plans for a National AI Strategy to put the Philippines on the map as an AI hotspot.
But, here’s the thing – only 17 percent of companies in the Philippines are really ready to take on AI. The others just don’t have the infrastructure to handle it. Plus, there’s some serious concerns about the impact on jobs. Experts are saying that BPO, which is a major source of employment in the Philippines, is at risk as AI takes over more and more functions. And, get this, up to 100,000 jobs could disappear in just a few years. That’s a big hit, man.
The Philippines is lagging behind in automation compared to other countries in the region, ranking 12th out of 14. They’re gonna need to upskill and reskill their workers, and fast. It’s a race against time to keep up with the rapidly changing AI landscape. These are some serious challenges, and they’re gonna need some serious responses if they want to keep up.