SE Asia faces wide AI funding gap as Vietnam, Philippines lag behind

SE Asia faces wide AI funding gap as Vietnam, Philippines lag behind

Closeup photo of white robot arm. Source: Franck V./Unsplash

Artificial intelligence could shift Southeast Asia’s economy into a higher gear, but only if countries manage to close a yawning investment gap that puts the bloc an estimated two to three years behind the U.S. and China in adopting the technology, a new study says.

If Association of Southeast Asian Nations members pick up the pace in embracing AI, they could add nearly $1 trillion to the region’s gross domestic product by 2030, according to a report released on Thursday by U.S. consultancy Kearney and Singapore’s EDBI — the investment arm of the city-state’s Economic Development Board.

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