PH Economy Could Grow By P1.8 trillion with AI
The Philippines, Southeast Asia's fastest-growing digital economy, is on the cusp of a major transformation driven by AI. According to a new report by London-based public policy research agency Public First, AI has the potential to eventually boost the country's economy by a staggering ₱1.8 trillion (approximately US$31 billion), marking a significant 7% increase in gross value added. The "Turbocharging Growth: The Philippines’ AI Opportunity" report, launched today, highlights AI's role as a key driver for the country to sustain its economic momentum. According to the study, AI is already a part of many Filipinos' lives, with around half of the population regularly using AI tools at least once a week. This widespread adoption is matched by a hopeful outlook, as 46% of Filipinos are optimistic about AI’s potential for the country, and 50% are optimistic about its personal impact. Boosting productivity and efficiency, leading to more gains The report offers a deeper look at how AI
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