The Philippines should capitalize on the growing artificial intelligence infrastructure boom to support the country's economic growth, a World Bank official said in a report by Philstar Biz .
The official noted that the global AI boom presents a significant opportunity for the Philippines to attract investments in data centers, cloud computing, and AI-related services. The country's strong business process outsourcing sector and English-speaking workforce could serve as a foundation for AI-powered industries.
However, the World Bank official emphasized the need for policy reforms, infrastructure upgrades, and skills development to fully harness the potential of AI. Without these, the Philippines risks falling behind other Southeast Asian nations that are aggressively pursuing AI-driven growth.