AI could add US$1t to S-E Asia's GDP by 2030
Adoption in nascent stages with only 30% of firms developing AI strategies or just starting to invest
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ARTIFICIAL intelligence (AI) could add US$1 trillion to South-east Asia's gross domestic product (GDP) by 2030 according to management consulting firm Kearney and Asian-based strategic investor EDBI.
That being said, adoption is still in its nascent stages - about 30 per cent of the respondents surveyed are developing their AI strategies or just starting to invest. About half are at least piloting some initiatives; and only 15 per cent are in advanced stages of AI implementation, typically those in more service-oriented sectors.
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