KUALA LUMPUR: The incorporation of 140 artificial intelligence (AI) solution providers into the AI digital ecosystem by the Malaysia Digital Economy Corporation (MDEC) has generated RM1bil so far in revenue, says Gobind Singh Deo.
The Digital Minister said that this showed that the firms involved have demonstrated substantial growth prospects in the sector.
“Their accomplishments underscore the current impact of AI in Malaysia, its economic transformation, and naturally, its future development,” he said.
Gobind said this during his address at MDEC’s Malaysia Digital Tech Adoption Summit: Artificial Intelligence at the Grand Hyatt Hotel here on Thursday (Sept 12).
Also present was MDEC chairman Syed Ibrahim Syed Noh.
Among the sectors involved in the Malaysia Digital (MD) AI Ecosystem are services, finance, digital cities, and digital AgTech, according to MDEC head of digital industry acceleration Wan Murdani Wan Mohamad.
“All of the companies involved are local Malaysian digital firms,” he said during a press conference.
Earlier in his speech, Syed Ibrahim highlighted the importance of adopting AI into society, as the technology can assist the public and companies effectively.
“This means investing in upskilling our workforce, promoting continuous learning, and ensuring that Malaysians from all walks of life have access to the tools and resources they need to participate in this AI-powered future.
“We are optimistic about the future of AI in Malaysia. The opportunities for growth, expansion, and diversification are vast.
“This summit is a significant step forward in shaping the national AI landscape, setting the stage for future advancements that will drive Malaysia to the forefront of global digital innovation,” he said.
To ensure AI is responsibly used, Syed Ibrahim said it is crucial to address the ethical and societal impacts of the technology.
“We must ensure that AI is used responsibly and that its benefits are equitably distributed. Inclusivity and ethical governance will be key pillars as we continue this transformative journey,” he added.