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Malaysia’s Commitment to AI Development and Data Security
The Malaysian government, led by Prime Minister Datuk Seri Anwar Ibrahim, is actively considering the formulation of policies and potential amendments to relevant legislation to ensure the nation remains investor-friendly and can effectively support the development of artificial intelligence (AI) infrastructure.
In a recent virtual discussion held via video conference with industry leaders from Tools for Humanity (TFH), including co-founders Sam Altman and Alex Blania, and Ole Ruch from Nordstar, Prime Minister Anwar emphasised the crucial balance between technological advancement and data security.
Anwar highlighted the urgency for Malaysia to adapt swiftly to the evolving economic landscape to maintain competitiveness within the region, particularly by attracting investments from technology, AI, and blockchain sectors. The Prime Minister stressed the significance of prioritising data security while advancing AI infrastructure, recognising it as a critical component for sustainable growth and long-term prosperity.
The discussion also touched upon Malaysia’s existing National Artificial Intelligence Roadmap 2021-2025 and National Blockchain Technology Roadmap 2021-2025, which serve as guiding frameworks to accelerate the adoption of AI in both the public and private sectors. These roadmaps underscore the government’s commitment to fostering innovation and creating an enabling environment for technological advancement.
Furthermore, Anwar reiterated the Madani government’s dedication to driving economic development, particularly in high-impact and innovative sectors, while ensuring a conducive business environment for investors. Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and Digital Minister Gobind Singh Deo were also part of the virtual discussion, highlighting the government’s holistic approach to technology-driven economic growth.
During the conversation, TFH representatives provided insights into the development of the Worldcoin project, an initiative focused on identity and building a global and inclusive financial network. The project stresses confidentiality and protection of private information, aligning with Malaysia’s commitment to data security and privacy.
As Malaysia continues to navigate the challenges and opportunities presented by rapid technological advancements, the government remains steadfast in its efforts to create a conducive ecosystem for innovation and investment. With a strategic focus on AI infrastructure and data security, Malaysia is poised to capitalise on emerging technologies and drive sustainable economic growth in the digital age.
Malaysia is intensifying its efforts to bolster its digital economy while simultaneously fortifying its transformation journey to meet national ambitions and targets. With a clear focus on leveraging digital technologies to drive economic growth and enhance competitiveness, the Malaysian government is implementing strategic initiatives aimed at fostering innovation, supporting entrepreneurship, and accelerating digital adoption across various sectors.
By prioritising investments in digital infrastructure, promoting digital literacy, and fostering a conducive regulatory environment, Malaysia seeks to harness the transformative power of technology to propel its economy forward and achieve its development objectives in line with its national aspirations.
OpenGov Asia reported that Malaysia’s semiconductor industry is poised for a robust resurgence in the latter half of 2024, buoyed by optimistic forecasts and strategic positioning to capitalize on global tech demand. Prime Minister Datuk Seri Anwar Ibrahim unveiled the Semiconductor Strategic Plan during the National Investment Council Meeting, signalling Malaysia’s ambition to become the premier investment destination for the semiconductor sector.
This comprehensive plan aims to incentivise high-tech semiconductor activities, particularly focusing on fostering front-end operations, to attract international semiconductor giants to establish cutting-edge manufacturing facilities in Malaysia. Recognising the industry’s pivotal role in economic development and technological advancement, the government reaffirmed its commitment to providing robust support and an enabling environment.
Discussions also covered plans for the Kerian Integrated Green Industrial Park, aligning with Malaysia’s sustainability goals. Minister Tengku Datuk Seri Zafrul Abdul Aziz stressed the plan’s alignment with the New Industrial Master Plan 2030, highlighting its potential for innovation, job creation, and sustainable growth.
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06-May 2024 Monday
11:38 AM (14 days ago)
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