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MANILA - Big companies in the country will invest USD20 million (around PHP1 billion) to establish a shared hub for artificial intelligence (AI) research. Department of Trade and Industry (DTI) Secretary Ramon Lopez said in a recent interview that conglomerates are funding the National Center for AI Research (NCAIR) to position the country as an AI Center for Excellence in Southeast Asia. "I will tell you that the biggest conglomerates in the country agreed to be part of that. They're funding it, putting equity," Lopez said. The private sector is already preparing the registration with the Securities and Exchange Commission, Lopez added. The NCAIR is part of the national program that targets to accelerate the adoption and use of AI for industrial development and high-paying jobs for Filipinos. According to research firm Kearney, adoption of AI in the country will help the country increase gross domestic product to 12 percent in 2030, or an additional USD92 billion for the

Ramon lopezExchange commissionNational centerAi researchAi centerSecretary ramon lopezFourth industrial revolutionInclusive innovation industrial strategyManila big companies in the country will invest usd20 million around php1 billion to establisha shared hub for artificial intelligence ai research department of trade and industry dti secretary ramon lopez said ina recent interview that conglomerates are funding national center ncair position as an excellence southeast asia quoti tell you biggest agreed be part they 39 re itPutting equityUot lopez said the private sector is already preparing registration with securities and exchange commissionOpez added the ncair is part of national program that targets to accelerate adoption and use ai for industrial development high paying jobs filipinos according research firm kearneyDoption of ai in the country will help increase gross domestic product to 12 percent 2030R an additional usd92 billion for the economy dti unveiled ai roadmap in may last year amidst fourth industrial revolutionTi 39s vision to develop ai is part of its inclusive innovation industrial strategy i3s that will drive the competitiveness country industries quot then cair build capacity companies produce new productsNd services using ai it will help them apply in their operations to