Celebrities lead TED global call to act on climate crisis
With a call to save the planet, Prince William and Pope Francis on Saturday joined activists, artists, celebrities, and politicians in a free streamed TED event aimed at mobilizing and unifying people to confront the climate crisis......»»
Celebs to lead TED global call on climate
San Francisco---The Pope and Prince William will join activists, artists, celebrities and politicians on Saturday at a free streamed TED event aimed at unifying people to confront the climate crisis......»»
Belmonte, Binay call for climate action funding from development banks
The C40 coalition of cities, a network of nearly 100 mayors, asked MDBs to increase urban climate investment, integrate urban climate action into their strategies, and implement tailored programs to support city projects. .....»»
Philippines FDI ‘bound to improve’ in coming years – HSBC
The Philippines would be able to attract more foreign direct investments (FDI) in the coming years amid reforms that improved the country’s business climate, HSBC Global Research said......»»
ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»
Celebrities, netizens call for justice following dog killings
Hundreds of Filipinos are calling for justice to be handed down following the wrongful deaths of two dogs named Killua and Erika......»»
Advocates call for climate emergency in Mindanao
PMCJ urged the local governments in Mindanao to strengthen the capacity of localities to deal with the impacts of climate change, provide adequate shelter to displaced communities, and review current disaster prevention and response programs......»»
ABAC Philippines backs collaboration call
ABAC Philippines has expressed its support for collaboration among private sector business leaders from the 21 APEC economies. Following the recent ABAC meetings in San Francisco, ABAC Philippines is committed to maintaining dialogue and providing critical recommendations to APEC leaders. The aim is to address the multifaceted challenges in the Asia-Pacific region and advocate for sustainable economic growth, innovation, and inclusivity. ABAC has proposed initiatives to promote accessible open markets, trade, digital innovation, and a Free Trade Area of the Asia-Pacific. The council also emphasizes the importance of addressing artificial intelligence and climate response, aligning with fairness, inclusion, and environmental stewardship. ABAC Philippines plays a pivotal role in fostering collaboration on climate resilience, energy stability, and long-term investments. The meeting concluded with the handover of the chairmanship to ABAC Peru, which will focus on regional economic integration, sustainability, and human development in 2024......»»
Indigenous peoples’ groups call for independent probe of the human rights situation in PH
"The visit of Special Rapporteur Ian Fry marks a critical moment in bringing our fight for climate justice and human rights to the international level." The post Indigenous peoples’ groups call for independent probe of the human rights situation in PH appeared first on Bulatlat......»»
Greenpeace ship to tour Philippines to amplify call for climate justice
The Greenpeace ship is scheduled to make stops in Tacloban City in Leyte, Salcedo town in Eastern Samar, Bohol Province, and Manila throughout November......»»
5 climate change adaptation projects worth P540.3M given the nod
The People’s Survival Fund Board approved at least five climate change adaptation projects, endorsed by the Climate Change Commission amounting to P540.3 million, geared toward increasing the adaptive capacity of local government units to climate change adaptation. Robert E.A. Borje, the CCC Vice-chairperson and executive director, welcomed the latest development in the country’s fight against climate change. “The PSF Board’s approval of these five projects signals a pivotal message on the value of advancing adaptation measures at the local and community level, especially at a time when risks and challenges posed by climate change demand immediate and urgent actions,” he underscored. Borje cited Finance Secretary Benjamin Diokno, the PSF board chairperson, for his leadership and commitment to advancing the objectives of the survival funds. “I also thanked the PSF Board members for their sustained effort and collaboration throughout the review and evaluation, and field validation exercises, which led to CCC endorsement and PSF Board’s project approvals,” he said. The submissions of LGUs from the PSF Board-issued Call for Proposals from February to April 2023 are included in the five projects. Borje said adaptation interventions to be implemented by LGUs include the establishment of climate field schools for farmers, flood protection, river ecosystem management, installation of solar-powered pumps, and mangrove rehabilitation. “With the benefits to be provided by these projects, the PSF will be able to demonstrate effective and sustainable practices on local climate actions, championing the resilience of the most vulnerable sectors to climate change,” he added. The PSF Board approved a Php 2-million Project Development Grant or PDG for the Municipality of Besao, Mountain Province to undertake project preparatory activities such as hydrological and geotechnical studies to establish the rationale of the LGU’s adaptation intervention. The projects’ approval enabled 17 LGUs to receive support from the PSF and its PDG. Among the previously approved projects are from Lanuza, Surigao del Sur; Kitcharao, Agusan del Norte; Gerona, Tarlac; Del Carmen, Surigao del Norte; Sarangani Province; and San Francisco, Camotes Island, Cebu. Borje noted that the CCC, in coordination with the Department of Finance, is working on further streamlining the accession of PSF through enhancement of the processes entailed by project proposals from submission until the approval stage. The PSF was institutionalized in 2012, through the Republic Act 10174, which amends the Climate Change Act of 2009—to include the provision of long-term finance streams to enable the government to effectively address the problem of climate change. It aims to enhance the resilience of communities and ecosystems to climate change. The CCC is likewise mandated to conduct the Climate Rationale Review and Evaluation or CRRE of project proposals submitted for PSF, convening the National Panel of Technical Experts to look into the climate rationale of projects. The CRRE process takes into consideration the historical and present data, ensuring that projects are fit-for-purpose and responsive to specific climate risks and vulnerabilities of an LGU. The post 5 climate change adaptation projects worth P540.3M given the nod appeared first on Daily Tribune......»»
Meta quarterly profit jumps but it sees volatility in ad market
Meta on Wednesday reported that its quarterly profit more than doubled from last year's figure as it looks ahead at a volatile ad market and lawsuits accusing it of profiting from "children's pain." "Meta earnings looked pretty good," said independent tech analyst Rob Enderle. "They have clearly cut back on the bleeding surrounding their metaverse efforts and the company appears to be on a more even keel right now." The tech giant said it made a profit of $11.6 billion as ad revenue climbed 23 percent to $34 billion when compared to the same period a year earlier. "We had a good quarter for our community and business," said Meta chief executive Mark Zuckerberg. The number of people using Facebook monthly rose slightly to 3.05 billion in a year-over-year comparison while monthly active users of Meta's "family" of apps was 3.96 billion a 7 percent increase from the same quarter in 2022, the company reported. Meta said it had trimmed costs, with layoffs and other belt-tightening measures started last year providing "greater efficiency." Meta had suffered a rough 2022 amid a souring economic climate and Apple's data privacy changes, which allowed users to block ad targeting, the pillar of Meta's business. Meta's vow of austerity on spending brought an unprecedented round of cost-cutting that saw the company lay off tens of thousands of workers since last November. Meta shares, which closed the formal trading day down, fell more than three percent further in after-hours trades to $289.50. Chief financial officer Susan Li said during an earnings call that Meta is seeing "volatility" in an ad market that started to soften when the conflict between Israel and Hamas began. "It's hard for us to attribute demand softness directly to any specific geopolitical event," Li said. "We have seen broader demand softness follow other regional conflicts in the past, such as in the Ukraine war, so this is something that we're continuing to monitor." Lawsuit peril Analyst Enderle maintained that Meta is at risk from lawsuits poised to damage its image and its wallet. Dozens of US states this week accused Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms. "In seeking to maximize its financial gains, Meta has repeatedly misled the public about the substantial dangers of its Social Media Platforms," argued a joint lawsuit filed in federal court in California. The states accused Meta of exploiting young users by creating a business model designed to maximize time they spend on the platform despite harm to their health. In total more than 40 states are suing Meta, though some opted to file in local courts rather than join in the federal case. Meta said the states were singling it out unfairly instead of working with social media companies to develop universal standards for the whole industry. "This landmark lawsuit could herald a seismic shift in how social media platforms approach product features and user engagement," said Insider Intelligence principal analyst Jeremy Goldman. "That said, even as tech stocks face uncertainty, Meta's consistent performance cements its leadership in the digital realm." Meanwhile, the European Union is seeking details on measures Meta has taken to stop the spread of "illegal content and disinformation" in light of the conflict between Israel and Hamas. The AI race The tech giant is putting artificial intelligence into digital assistants and smart glasses as it seeks to gain lost ground in the AI race. "I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio," Zuckerberg said in the earnings release. The second-generation Meta Ray-Ban smart glasses made in a partnership with EssilorLuxottica have a starting price of $299. "Smart glasses are the ideal form factor for you to let AI assistants see what you're seeing and hear what you're hearing," Zuckerberg said. Meta has taken a more cautious approach than its rivals Microsoft, OpenAI, and Google to push out AI products, prioritizing small steps and making its in-house models available to developers and researchers. "The majority of the world's population will have their first experience of generative artificial intelligence with us," Meta chief technology officer Andrew "Boz" Bosworth told AFP in a recent interview. Meta recently unveiled AI-infused chatbots with personalities, along with tools for creating images or written content using spoken prompts. The post Meta quarterly profit jumps but it sees volatility in ad market appeared first on Daily Tribune......»»
Cate Blanchett, Andrew Garfield, Dua Lipa call for Middle East ceasefire
A-list Hollywood celebrities including Cate Blanchett, Joaquin Phoenix, Ramy Youssef and Andrew Garfield penned a letter to US President Joe Biden on Friday, urging him to call for a ceasefire in Israel's war with Hamas......»»
Hollywood actors call for Middle East ceasefire
A-list Hollywood celebrities including Cate Blanchett, Joaquin Phoenix, Ramy Youssef and Andrew Garfield penned a letter to US President Joe Biden on Friday, urging him to call for a ceasefire in Israel's war with Hamas. Dozens of top-flight names from the world of entertainment asked Biden to work to achieve an "immediate de-escalation and ceasefire in Gaza and Israel before another life is lost." "We urge your administration, and all world leaders, to honor all of the lives in the Holy Land and call for and facilitate a ceasefire without delay -- an end to the bombing of Gaza, and the safe release of hostages," said the letter, released by artists4ceasefire.org. "Saving lives is a moral imperative." Israel has vowed to destroy Hamas after the Islamist group launched a shock raid from the Gaza Strip on October 7, killing at least 1,400 people, mostly civilians, according to Israeli officials. In response to the Hamas attack, Israeli bombers have leveled entire city blocks in Gaza in preparation for a ground invasion they say is coming soon. The Hamas-run health ministry said more than 4,000 Palestinians, mostly civilians, have died in the onslaught. Friday's letter, which was also signed by Jon Stewart, singer Dua Lipa, Susan Sarandon and Channing Tatum, comes a week after hundreds of Hollywood figures signed an open letter condemning the "barbaric acts" committed by Hamas fighters. hg/amz/sst © Agence France-Presse The post Hollywood actors call for Middle East ceasefire appeared first on Daily Tribune......»»
Biden says Xi meeting in November ‘a possibility’
US President Joe Biden said Friday he may meet Chinese leader Xi Jinping in San Francisco in November as Washington and Beijing push to reset ties, but added that nothing is scheduled yet. The leaders of the rival powers have not met in person or spoken for nearly a year, and tensions have mounted as an increasingly assertive China and the United States vie for global influence. "There has been no such meeting set up, but it is a possibility," Biden told journalists after reports that they were set to meet during the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. Biden is set to host leaders from across the region on November 16 and 17 in the California city, and speculation has mounted that it could be the venue for a rapprochement. The White House had begun making plans for a meeting on the sidelines of the summit in a bid to stabilize relations, The Washington Post reported, quoting one official as saying it "it's pretty firm." Chinese Foreign Minister Wang Yi is expected to visit Washington at some point ahead of the APEC summit. Beijing however has not confirmed whether Xi will attend the summit or meet with his US counterpart. The White House has also declined to elaborate on a potential meeting with Xi. 'Disappointed' The last time Biden and Xi met was in November 2022 on the sidelines of a summit in Bali. Their talks were surprisingly cordial but relations then froze over again, and there has not even been a phone call since. Biden had said last month he was "disappointed" that Xi was not attending a G20 summit in New Delhi. He added that he was "going to get to see him," although he did not elaborate. Tensions between the United States and an increasingly assertive China have mounted as the world's two largest economies push for diplomatic, military and economic influence. Bilateral ties face a long list of problems, from trade disputes to Taiwan's future to the expansive Chinese presence in the South China Sea. But the United States has been working to restore a more effective working relationship, sending a series of senior officials to China in recent months despite continuing friction. White House National Security Advisor Jake Sullivan and China's Wang met in the Mediterranean island nation of Malta in mid-September in the latest attempt to reach out. The APEC forum will be a key test of whether their efforts are working, as the Asia-Pacific region is one of the main theaters where Beijing and Washington are going head-to-head. Biden has also been pushing to show that international groupings like the G20 and APEC can still deliver on problems including the economy and climate -- even when China is not involved. The post Biden says Xi meeting in November ‘a possibility’ appeared first on Daily Tribune......»»
'Let Justice Flow in Mindanao. Uphold the Rights of Nature and Peoples'
Mindanao Sakay-Lakad-Layag (SaLakYag) 2023 continued, with more civil society organizations joining the caravan in amplifying the call to pass the Rights of Nature bill and Declare a Climate Emergency.Three more PMPI Clusters have launched their SaLakYag journey on 3 October 2023. Civil Society Organizations from CABUSTAM (Cagayan, Butuan, Surigao, Tandag, Mala.....»»
COP28 will include first local climate summit
A summit for non-national authorities will take place during crunch UN climate talks in the United Arab Emirates, officials said Tuesday, in recognition of the role of cities and local governments in averting ecological disaster. Named the "COP28 Local Climate Action Summit," it was announced on the sidelines of the UN General Assembly by Sultan Ahmed Al Jaber, the president-designate of the COP28 talks, and billionaire philanthropist Michael Bloomberg, who will co-host. Its chairs include US climate envoy John Kerry and his Chinese counterpart Xie Zhenhua, with the event to be held December 1-2. "Cities are where the climate battle will largely be won or lost," said United Nations chief Antonio Guterres in a statement. "Mobilizing and equipping local governments with the capacity and financing to accelerate climate action is necessary if we are to bend the emissions curve." In the fight to prevent climate disaster and hold long-term warming to 1.5 degrees Celsius by 2100, the pledges and policies of national governments have long hogged the spotlight. But, according to a report by the C40 coalition of cities, a network of nearly 100 mayors, "three-quarters of C40 cities have outpaced their respective nation-states in per-capita emission reduction, illustrating the clout of city-led policies and initiatives." Around 70 percent of the world's people are expected to call cities home by the year 2050, and more work needs to be done to ensure subnational governments are prepared to meet the challenges of increasing climate disasters, organizers said. "By bringing hundreds of local leaders to COP28, we will foster new, multi-level partnerships to help fast-track the energy transition, fix climate finance, focus on people, lives and livelihoods, and make sure local voices are heard at the international climate table," said Jaber. Local leaders first convened informally on the sidelines of COP21 in 2015, where the Paris Agreement was adopted. "In the climate crisis, big leadership comes from small governments, and that's a great trend," Oscar Soria, campaign director for the nonprofit Avaaz, told AFP. "However, it also shows the lack of leadership from national governments, who are ultimately the ones that set the tone on ambition and progress on climate." The UN's first official progress report on climate published earlier this month concluded the world is perilously off course in meeting goals for slashing carbon pollution and boosting finance for the developing world. The post COP28 will include first local climate summit appeared first on Daily Tribune......»»
The vital role of ASEAN
The ASEAN-UN Comprehensive Partnership is more important than ever. We face tests as far as the eye can see — from the climate emergency to a global cost-of-living crisis, raging conflicts and growing poverty, hunger, and inequalities. All these challenges are aggravated by rising geopolitical tensions. There is a real risk of fragmentation — of a Great Fracture in world economic and financial systems, with diverging strategies on technology and artificial intelligence and conflicting security frameworks. I commend ASEAN for your vital role in building bridges of understanding all over the world. ASEAN has played an extremely important role as a center that convenes all those that, unfortunately, represent the most dramatic divisions in today’s world and these series of summits is a demonstration of that fundamental convening role of ASEAN. And we need it in a world that is increasingly multipolar and that requires strong multilateral institutions to go with it — based on equity, solidarity and universality. I am grateful for your steadfast support for multilateral solutions and your contribution of over 5,000 peacekeepers from ASEAN countries. ASEAN’s convening power, commitment to dialogue and experience in conflict prevention are crucial pillars of stability. Today, tensions remain high from the Korean Peninsula to the South China Sea. I am grateful to ASEAN member states for your pursuit of dialogue and peaceful dispute resolution, rooted in the respect for international law, including the UN Convention on the Law of the Sea. Since we gathered last year, the situation in Myanmar has further deteriorated. Brutal violence, worsening poverty and systematic repression are crushing hopes for a return to democracy. The conflict is exacerbating existing inequalities and vulnerabilities faced by women and girls, including sexual violence, forced marriage and human trafficking. More and more people are crossing borders in a desperate search for safety and protection and the situation is untenable. Over one million Rohingya remain in Bangladesh, in the world’s largest refugee camp. And, regrettably, the conditions for their safe, voluntary and dignified return are not yet in sight. Much more is needed. My call to the military authorities of Myanmar is clear: Free all detained leaders and political prisoners; open the door toward the full restoration of democratic rule. We must also end our assault against the planet. ASEAN ranks amongst the most biodiversity-rich regions — and is highly vulnerable to natural disasters. We can still limit the worst impacts and meet the goals of the Paris Agreement. ASEAN is uniquely positioned to be a leader of an energy transition that is global, sustainable, just, inclusive and equitable. I commend ASEAN member states that are pioneering Just Energy Transition Partnerships like Indonesia and Viet Nam. And I commend all who are accelerating the phaseout of coal and jumpstarting a fair and inclusive renewables revolution. But greater ambition is needed still — along with much greater support. Developed countries must finally deliver on their commitments to developing countries. Resources are also central to rescuing the Sustainable Development Goals. I have called for deep and structural changes to make global frameworks — including the Bretton Woods system — more representative of today’s economic and political realities and also more responsive. Such change will not happen overnight — and I have proposed concrete steps we can take now, including an SDG Stimulus of US$500 billion a year to the benefit of developing countries for them to be able to reach the Sustainable Goals. This and other action would catalyze SDG progress and help developing economies invest in key transitions across energy, food systems, digital, education, health, decent jobs and social protection. I count on ASEAN member states to help raise global ambition in the vital months ahead. And you can always count on my wholehearted support to shape a future of peace and prosperity for the people of Southeast Asia and the world. *** Excerpts from the UN Secretary-General’s remarks at the ASEAN-UN Summit, 7 September 2023. The post The vital role of ASEAN appeared first on Daily Tribune......»»
Fintech firms see ideal Phl market
The Philippines is being looked at by financial technology companies as a key test market to expand their reach in Southeast Asia due to the unique character of the population which are predominantly well versed in English and familiar with technology but are mostly immersed in poverty and are unbanked. Delegates from the Singapore Fintech Association, or SFA, recently expressed interest in exploring business opportunities during a courtesy call on the Board of Investments, or BoI. The Singapore mission sought information about the investment climate, regulations, investment opportunities and government support for companies in the fintech industry. Heading the delegation, Reuben Lim, chief operating officer of the SFA, pointed out that the Philippines is being recognized as an emerging investment destination and market for fintech companies. “We are now looking into the Philippines, as we are seeking to expand in Southeast Asia. Singapore’s success depends on its neighbors’ success,” Lim underscored. Delegates expressed optimism in the potential of the Philippines, wanting to find more business opportunities. In particular, Bato Purev-Ochir, head of sales and solutions, expects a number of potential clients in the Philippines. According to Executive Director Evariste Cagatan of the BoI’s Investments Promotion Services, the Philippines is an ideal investment destination for fintech. Highlighting the country’s thrust towards digital transformation and our world-class talent, she described the country’s demographic sweet spot for young, creative, technology-savvy and cost-efficient English-speaking workforce. She also shared that while the country’s fintech industry is nascent, it is fast growing and very promising. “The Philippines is gaining traction due to the fast-growing use of mobile banking in the country, the enabling regulatory environment, and the high number of unbanked and financially underserved Filipinos, which represent around 70 percent of the adult population.” The post Fintech firms see ideal Phl market appeared first on Daily Tribune......»»
Rice price spike offers preview of climate food disruption
A 15-year high in rice prices, prompted by top exporter India's restrictions on overseas sales, should be a wake-up call on how climate change can disrupt food supplies, experts say. Rice prices jumped 9.8 percent in August, bucking decreases in other staples, the Food and Agriculture Organization said last week. That followed the July decision by India, which accounts for 40 percent of global rice exports, to ban the overseas sale of non-basmati rice. The government cited soaring domestic prices for the staple, caused by geopolitics, the El Nino weather pattern and "extreme climatic conditions." This year is expected to be the hottest in human history, and the impacts of the seasonal El Nino weather pattern could make conditions even harsher. Despite severe flooding in parts of northern India, this August was the country's hottest and driest on record. The monsoon season that brings up to 80 percent of the country's annual rain has been far below normal levels. India's July restrictions followed a decision last September to ban exports of another variety of rice that is a staple in parts of Africa. Up to eight percent of global rice exports for 2023/24 could now be taken out of the market, according to analysis by BMI, Fitch Group's research arm. - Drought fears - For now, the crisis offers an opportunity for India's rivals, including number two and three exporters, Thailand and Vietnam. Both have increased exports this year, with Nguyen Nhu Cuong, an official with Vietnam's agriculture and rural development ministry, touting a "bumper crop" and plans to increase planting. But the dry conditions that tend to accompany El Nino mean smooth sailing ahead is unlikely, warned Elyssa Kaur Ludher, from the ISEAS-Yusof Ishak Institute's Climate Change in Southeast Asia program. "My question is whether they can continue to do this once El Nino comes into force towards the end of this year, when water becomes more scarce," she told AFP. "I think the end of this year and especially the beginning of next year will be very, very tough," she added. A naturally occurring weather phenomenon, El Nino typically lasts nine to 12 months and is expected to strengthen late this year. Even before India's latest restrictions, its effects were boosting rice export prices, according to BMI. And in Thailand, national rainfall levels are currently 18 percent lower than expected for the time of year, the Office of National Water Resources said this month. Late rains could still make up the difference, but the agency said it is "concerned about a drought caused by El Nino." - 'New normal' - The consequence is one of price rather than supply, said Charles Hart, agricultural commodities analyst at Fitch Solutions. "This is not a running out of rice moment," he stressed, noting India's restrictions have not been followed by other exporters. Instead, the situation is likely to force the drawdown of stocks rebuilt after pandemic-era depletions, and prompt importers to seek new deals and impose local limits. Top importer the Philippines this month signed a deal with Vietnam to help stabilize supply, days after announcing a national price cap. For some though, unaffordable prices amount to the same as a lack of supply: less food. "It's not just a food availability issue, but it's also a social stability issue, it's a political issue," said Ludher. The current disruptions should be a wake-up call for policy-makers, she added, with more attention needed to the plight of farmers across various sectors. Climate change can affect productivity, with lower crop yields as temperatures rise, but also increases the likelihood of extreme events like the 2022 Pakistan floods. "Global grain export markets are relatively concentrated, so that kind of extreme weather risk accumulates in a few markets," Hart added. In India, policymakers need to develop better early-warning systems and new planting patterns, said Avantika Goswami, a climate change researcher at the Centre for Science and Environment. "Erratic weather patterns are the new normal," she told AFP. "Now, it's a case of early adaptation. In the long-term, global emissions have to come down." burs-sah/ssy © Agence France-Presse The post Rice price spike offers preview of climate food disruption appeared first on Daily Tribune......»»
Gov’t, businesses told to adopt AI boom
The government and private sector need to collaboratively launch a nationwide effort to push for the adoption of science-backed artificial intelligence or AI to help communities and businesses keep up with the rapid technological advancement. In an interview with reporters last Friday, Dr. Sanjay Sarma, CEO, president, and dean of the Asia School of Business or ASB, reiterated that AI is developing at an unprecedented pace and will be everywhere soon. “AI can potentially replace jobs so let’s accept that. The Philippines should become the country that leads the world in how to use AI, in call centers, for instance,” Sarma told reporters. “Here in the Philippines, it has to be a national effort. The government needs to be cognizant that this is an epic moment. It's like, you know, climate change is going to damage the environment, it will hurt a lot of people. This is technology change is just like climate change,” he said. Unlike other technologies such as automated teller machines or ATMs, which took about 15 years to be widely accepted, AI is a development that needs urgent adoption. Like ATMs, which previously raised concerns about replacing the job of bank tellers, AI will help industries develop further. “Bank tellers did not lose their jobs. Bank tellers did something more advanced, which is selling mortgages and things like that. The job changed because of technology,” he explained. Thus, in blending in with the changes brought about by AI, Sarma proposed that local industries like the business process outsourcing sector should upgrade more into becoming a technology space. “At this level, you have to go up because the attack comes from below. It's like a tiger, you know, it's chasing you, You climb a tree, and the tiger learns to climb the first 10 feet, well, you have to climb higher. So you have to go higher up in the cognitive stock to go higher,” he said. To complement the benefits of AI, Sarma noted that the local service industry workers, for instance, have to do the things that technology cannot. “For example, this Chat GPT cannot negotiate with you, can't do any planning, can't do dispute resolution. It can't calm an angry customer. So you have to figure out what the technology can do and what humans can do, that the technology can't. And you're to develop human capital in those directions.” Sarma is a professor of mechanical engineering and the Sloan School of Management at the Massachusetts Institute of Technology. He is a leading authority in AI, the Internet of Things, and Education. ASB, established in 2015 by Bank Negara Malaysia in collaboration with MIT Sloan School of Management, aims to be a premier business school that develops transformative and principled leaders who will contribute to the advancement of the emerging world, particularly in Asia. Last July, Surigao del Norte Rep. Robert Ace Barbers asked the Congress and Palace to consider creating an agency that will oversee responsible AI use in the country. Barbers cited that at least 520,000 employees across different industries may be affected by the integration of AI. In March, he filed a bill eyeing to create the Artificial Intelligence Development Authority, which will serve as an AI monitoring body tasked to supervise the “development and deployment of AI technologies.” Primarily, it will ensure compliance with AI ethics principles and guidelines and protect the “rights and welfare of individuals and communities affected by AI technologies.” The post Gov’t, businesses told to adopt AI boom appeared first on Daily Tribune......»»