KUALA LUMPUR, June 19 — Malaysia has the potential to show data expertise into a part of its mainstream financial system, Communications and Digital Minister Fahmi Fadzil mentioned.

This was primarily based on present developments which have seen information expertise business gamers being interested in spend money on the nation.

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“In the past six, seven months, Malaysia has become an investment destination for data processing centres, and this enables us to have a superhighway for data.

“The situation is when we now have a superhighway for this information processing, what can we generate by way of financial system, what can corporations in Malaysia do to spur financial development?” he mentioned when interviewed by Radio Emas host Zaharah Othman in the course of the current London Tech Week.

He additionally mentioned Malaysia wanted to be prepared by way of authorized provisions and regulatory framework to make sure that synthetic intelligence was safely used as its use was rising extra widespread.

“We should put together ourselves, particularly within the discipline of AI, what are the regulatory framework, what legal guidelines we have to guarantee AI is protected to make use of and helpful in order that it might assist enhance our productiveness and financial system,” he added. — Bernama