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PRESIDENT Ferdinand R. Marcos Jr. expressed optimism on Sunday about the Philippines\u2019 potential as a technological hub, capitalizing on available technological advancements and aided by the country\u2019s young and talented workforce.<\/p>\n
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In a media interview prior to departing for Manila, President Marcos was asked by reporters about his discussions with various US tech companies and how they can help the Philippines achieve such goals especially those related to the use of artificial intelligence (AI).<\/p>\n
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\u201cWe have a very big advantage of that because again, paulit-ulit kong sinasabi but talagang totoo, it\u2019s our workforce. Dahil bata \u2018yung workforce natin, magaling tayo sa tech. Madali para sa atin ang technology at siguro with the talent that we already have in the Philippines, kaunting upskilling na lang and we will already be at the forefront of this technology,\u201d he said.<\/p>\n
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\u201cSo that\u2019s what we were able to explore and it just\u2014 it goes beyond just the application of technologies. It\u2019s also how to open the markets to the different elements of the technology \u2014 the tech industry, such as the experts, the engineers, the coders, all of that,\u201d the President pointed out.<\/p>\n
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Also, he said that he and his team learned many things about the thinking of American planners in the tech industry and about what part the Philippines can play.<\/p>\n
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There were also commitments made for continued discussions to put more details, Marcos said, stressing that one of the most exciting things was the opening or centering of the market around the Philippines to make the country a technological hub.<\/p>\n
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But he said the country has to overcome some hurdles and must create an ecosystem that is very useful for start-ups which, unfortunately, have a very high failure rate.<\/p>\n
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\u201cKasi kung technology ang pag-uusapan, kailangan bago lahat, kailangan ma-encourage natin ang mga start-ups. Ang problema sa start-ups, 95 percent of them fail but that\u2019s the nature of the business,\u201d he explained.<\/p>\n
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\u201cYou have to have an ecosystem that can counter) that failure rate because doon sa 5 percent na nag-succeed, ilan and unicorn d\u2019yan. They will pull up the rest of the systems so that\u2019s essentially what we spoke about. What are the new systems that we can put into play to make the Philippines a center of the emerging technologies,\u201d he said.<\/p>\n
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And while in the US, he said they were able to meet with some brilliant people who are very forward thinking and who can aid the Philippines in terms of technology.<\/p>\n
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\u201cKaya nating gawin, because in terms of technology, hindi ito \u2018yung smokestack industry that you have to have very large capital investments in, you have to buy very expensive machines, you have to have big production lines. Iba ito,\u201d he said.<\/p>\n
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Delving on security with regard to AI, he said that this new technology must be properly regulated and monitored to prevent it from being exploited by criminals, from being used as a tool to disseminate fake news, and other undesirable possibilities.<\/p>\n
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