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BusinessToday
a day ago
- Business
- BusinessToday
AI To Unlock Over US$113 Billion for Malaysia, Minister Says
The widespread adoption of artificial intelligence (AI) in Malaysia is poised to accelerate economic growth and unlock up to US$113.4 billion in productive capacity, according to Digital Minister Gobind Singh Deo. Speaking at the High-Level Meeting on Global AI Governance during the World Artificial Intelligence Conference 2025 in Shanghai, Gobind highlighted the transformative potential of Generative AI across industries and underscored Malaysia's commitment to inclusive, responsible and collaborative AI development. 'In this AI-shaped era, collaboration is essential because only through shared commitment, innovation and vigilance can we ensure the digital world remains a force for good,' he said. Gobind added that Malaysia supports the Global AI Governance Action Plan and has taken proactive domestic steps, including the creation of the National AI Office in December to drive and coordinate the country's AI strategy. As ASEAN Chair in 2025, Gobind said Malaysia is spearheading the formation of the ASEAN AI Safety Network, a regional platform to promote responsible AI use, foster research cooperation, develop standards and share best practices among member states. 'AI is not just changing industries; it is accelerating global development. And in doing so, it reminds us that the technologies of tomorrow must be built together, across borders, with a shared vision for a better world,' Gobind said, while sharing that Malaysia will also host two major global AI events this year: The inaugural ASEAN AI Malaysia Summit in August and the Smart Cities World Expo Kuala Lumpur in September, aimed at strengthening international dialogue on innovation and digital transformation. Related
Malay Mail
3 days ago
- Business
- Malay Mail
Gobind: Generative AI could unlock RM479b for Malaysia's economy, but must be a ‘force for good'
KUALA LUMPUR, July 27 — Widespread adoption of AI by businesses and workers in Malaysia is set to accelerate the nation's economic growth across various sectors, said Digital Minister Gobind Singh Deo. In a statement today, Gobind said that Generative AI alone is projected to unlock up to USD113.4 billion in productive capacity for the country. Speaking at the High-Level Meeting on Global AI Governance during the World Artificial Intelligence Conference 2025 in Shanghai, China, yesterday, he underscored the shared responsibility of countries worldwide to ensure that AI continues to be a force for good. 'In this artificial intelligence (AI)-shaped era, collaboration is essential. Only through shared commitment, innovation and vigilance can we ensure that the digital world remains a force for good. 'The overarching goal is to bridge the digital divide among nations and enhance digital collaboration to ensure the development and governance of emerging technologies benefit humanity,' he said. Gobind said Malaysia welcomes the outcome document of the Global AI Governance Action Plan, and highlighted domestic efforts, including the establishment of the National AI Office (NAIO) last December to coordinate and drive the country's AI agenda. As the 2025 ASEAN Chair, Gobind said that the country is spearheading the ASEAN AI Safety Network and leading the conversation on AI safety. The Network, according to Gobind, will act as ASEAN's regional platform for AI safety, facilitating best practice exchanges, research collaboration, standards development and responsible AI adoption. 'By driving innovation, enhancing decision-making and optimising the use of precious resources, AI is not just changing industries — it is accelerating global development. 'And in doing so, it reminds us that the technologies of tomorrow must be built together, across borders, with a shared vision for a better world,' he said. Gobind also said Malaysia will host two major global events this year, the inaugural ASEAN AI Malaysia Summit in August and the Smart Cities World Expo Kuala Lumpur in September, aimed at bringing together policymakers, industry leaders and academics to discuss AI, innovation and digital transformation. — Bernama
New Straits Times
3 days ago
- Business
- New Straits Times
AI to unlock over US$113 billion in productivity gains for Malaysia
KUALA LUMPUR: Widespread adoption of artificial intelligence (AI) by businesses and workers in Malaysia is set to accelerate the nation's economic growth across various sectors, said Digital Minister Gobind Singh Deo. In a statement today, Gobind said that Generative AI alone is projected to unlock up to US$113.4 billion in productive capacity for the country. Speaking at the High-Level Meeting on Global AI Governance during the World Artificial Intelligence Conference 2025 in Shanghai, China, yesterday, he underscored the shared responsibility of countries worldwide to ensure that AI continues to be a force for good. "In this AI-shaped era, collaboration is essential. "Only through shared commitment, innovation and vigilance can we ensure that the digital world remains a force for good. "The overarching goal is to bridge the digital divide among nations and enhance digital collaboration to ensure the development and governance of emerging technologies benefit humanity," he said. Gobind said Malaysia welcomes the outcome document of the Global AI Governance Action Plan and highlighted domestic efforts, including the establishment of the National AI Office (NAIO) last December to coordinate and drive the country's AI agenda. As the 2025 Asean Chair, Gobind said the country is spearheading the Asean AI Safety Network and leading the conversation on AI safety. The Network, according to Gobind, will act as Asean's regional platform for AI safety, facilitating best practice exchanges, research collaboration, standards development and responsible AI adoption. "By driving innovation, enhancing decision-making and optimising the use of precious resources, AI is not just changing industries; it is accelerating global development. "And in doing so, it reminds us that the technologies of tomorrow must be built together, across borders, with a shared vision for a better world," he said. Gobind also said Malaysia will host two major global events this year: the inaugural Asean AI Malaysia Summit in August and the Smart Cities World Expo Kuala Lumpur in September, aimed at bringing together policymakers, industry leaders and academics to discuss AI, innovation and digital transformation.
The Sun
3 days ago
- Business
- The Sun
AI to boost Malaysia's economy with USD113 billion productivity gains
KUALA LUMPUR: Widespread adoption of artificial intelligence (AI) in Malaysia is expected to drive significant economic growth, unlocking up to USD113.4 billion in productivity gains, according to Digital Minister Gobind Singh Deo. Speaking at the World Artificial Intelligence Conference 2025 in Shanghai, Gobind emphasised the need for global cooperation to ensure AI remains a force for good. 'In this AI-shaped era, collaboration is essential. Only through shared commitment, innovation, and vigilance can we ensure the digital world benefits humanity,' he said. Malaysia has taken proactive steps in AI governance, including the establishment of the National AI Office (NAIO) last December. As the 2025 ASEAN Chair, the country is also leading the ASEAN AI Safety Network to promote best practices and responsible AI adoption. Gobind highlighted AI's transformative potential, stating, 'By driving innovation, enhancing decision-making, and optimising resources, AI is accelerating global development.' Malaysia will host two major AI events this year—the ASEAN AI Malaysia Summit in August and the Smart Cities World Expo Kuala Lumpur in September—bringing together policymakers and industry leaders to discuss digital transformation. - Bernama
Barnama
3 days ago
- Business
- Barnama
AI To Unlock Over USD113 Billion In Productivity Gains For Malaysia
GENERAL KUALA LUMPUR, July 27 (Bernama) -- Widespread adoption of AI by businesses and workers in Malaysia is set to accelerate the nation's economic growth across various sectors, said Digital Minister Gobind Singh Deo. In a statement today, Gobind said that Generative AI alone is projected to unlock up to USD113.4 billion in productive capacity for the country. Speaking at the High-Level Meeting on Global AI Governance during the World Artificial Intelligence Conference 2025 in Shanghai, China, yesterday, he underscored the shared responsibility of countries worldwide to ensure that AI continues to be a force for good. 'In this artificial intelligence (AI)-shaped era, collaboration is essential. Only through shared commitment, innovation and vigilance can we ensure that the digital world remains a force for good. 'The overarching goal is to bridge the digital divide among nations and enhance digital collaboration to ensure the development and governance of emerging technologies benefit humanity,' he said. Gobind said Malaysia welcomes the outcome document of the Global AI Governance Action Plan, and highlighted domestic efforts, including the establishment of the National AI Office (NAIO) last December to coordinate and drive the country's AI agenda. As the 2025 ASEAN Chair, Gobind said that the country is spearheading the ASEAN AI Safety Network and leading the conversation on AI safety. The Network, according to Gobind, will act as ASEAN's regional platform for AI safety, facilitating best practice exchanges, research collaboration, standards development and responsible AI adoption. 'By driving innovation, enhancing decision-making and optimising the use of precious resources, AI is not just changing industries - it is accelerating global development.
