00:00NCCIM, we are deeply owing upon the crisis of our distinguished guests and we would like to acknowledge that.
00:07To strive in an AI-driven world, countries must urgently reinvent their national strategies and industrial policies,
00:17shifting the focus on technology, innovation and knowledge-intensive services.
00:23Those who wait and see on AI risk being left behind.
00:28To truly reap the benefits of deploying AI at scale, national strategies should focus on AI's three key leverage points.
00:38First, upgrading digital infrastructure, promoting open data and sharing.
00:45Second, building AI skills by integrating science, technology, engineering and mathematics.
00:51And third, which is AI into education from early schooling to lifelong learning.
01:00Reaping the potential of AI, ASEAN members' country have formulated and implemented strategies and initiatives investing in digital infrastructure,
01:10talent development, as well as strengthen AI governance and ethics, to positioning itself as an active participant in the future of AI-driven innovations.
01:23Across Asia, member countries are at different stages of digital readiness and AI adoption,
01:29but there are still remaining structural challenges hindering the optimal utilization of AI technology.
01:38These include legal and regulatory, data privacy and security, the shortage of AI talent and the intense energy consumption of data centers and advanced AI systems.
01:53Ladies and gentlemen, Malaysia 2 is formulating strategies in advancing the country's digital potential through AI.
02:01The recent Table 13 Malaysia Plan introduced the National AI Action Plan 2030,
02:11which focuses on building and thriving AI ecosystem, developing digital talent, strengthening infrastructure and enhancing digital public services to position the country as a regional AI leader.
02:27For FMEs, the challenges are greater.
02:32Many lack awareness, expertise and confidence.
02:37AI adoption often perceived as a luxury for large corporations.
02:43The reality is, AI has emerged as a critical enabler for FMEs to increase operational efficiency,
02:52boost productivity, boost productivity, streamline inventory management and personalised customer experiences.
02:59The real challenge is making AI solutions affordable, practical and accessible.
03:07Ladies and gentlemen, FMEs must take action now to embrace AI and secure their competitive edge.
03:16By making the first move, you can future-proof your business and unlock growth.
03:23Do not be intimidated by the past work, start small and adopt a step-by-step approach focusing on practical applications and leverage the available resources.
03:39I believe that the collection actions of ASEAN governments and industry stakeholders can make a significant difference to this region, followed by the AI.
03:50The future of AI in ASEAN is not pursued by any single country.
03:54It requires well-coordination and collaboration of ASEAN member countries, focusing on talent development, establishing responsible AI governance as well as building trust together.
04:09Malaysia is ready to work with our ASEAN members to be an active partner in co-creating an AI shared future that is sustainable, inclusive and secure for the community.
04:23On our part, ACC CIM, through its strong networking with both domestic and international chambers in ASEAN, will continue to push for AI initiative to realise its potential benefits.
04:39On our part is at the
04:52to be an active partner of the Commonwealth, of the Commonwealth is one of the key members of the Commonwealth.
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