Hong Kong Trade Development Council’s Post

Despite the challenges as a new ministry, a start-up ministry in many ways, the Ministry of Digital has accomplished remarkable things: enacting new laws and updating existing ones; launching the National AI Office; initiating programmes to train and upskill Malaysians; facilitating over a hundred billion ringgit in digital investments; and much more. #MalaysiaMADANI #KementerianDigital #2024

#ecommerce in Africa I have profiled 364 laws of African countries to understand their readiness for e-commerce, digital trade and AI. It’s interesting to see how many countries have specific laws for consumer protection, e-transaction and others. The gap still relies on AI directives. As countries enhance cooperation in cross-border digital trade, there is a need to comply with AfCFTA and the Digital Protocol. #ecommerce #digitaltrade #digitalization #tech #ai #artificialintelligence #innovation

Member News - Aboitiz Data Innovation (ADI), the AI and data science arm of the Aboitiz Group, expands its presence in Southeast Asia through strategic partnerships in finance, industry, and smart power plant projects. In the Philippines, ADI has led digital transformations at the Union Bank, integrated AI into AboitizPower’s operations, and collaborated on smart city initiatives with Victorias City and the Department of Budget and Management for data-driven decision-making. Furthermore, this expansion also coincides with the ASEAN's recent release of AI governance guidelines, expected to enhance the region's GDP by 2030. Read more here at https://lnkd.in/gbK6nSwQ #LaCamaraNews #MemberNews #SpanishChamber #SpanishChamberofCommerce #SpanishChamberofCommercePhilippines #TheBusinessManual

News24 South Africa covered the latest Naspers/Prosus results in depth. The group has managed to swing its consolidated e-commerce business into its first-ever profit and is confident that a strategy of local partners and footprints will give it an edge as AI offers the prospect of market disruption and major productivity gains. Commenting on the Naspers/Prosus share price reaction on results day, Peter Takaendsa, head of equities at Mergence Investment Managers, said they were both due to the strong operational result but also support for rand hedges in general. Further, the market is now likely to watch the new CEO's investment approach as well as key developments in China. The group's leveraging of its ecosystem has worked before, including with Tencent, and was showing signs of doing so in Latin America. Read more: https://lnkd.in/dqbK-dtS #Naspers #MarketDisruption #InvestmentStrategy #OperationalResults #MergenceInvestmentManagers #BusinessNews #SouthAfrica #News24 #Mergence #Naspers #AI

Thank you Twimbit, your report give us the prediction & insight for Digital Economy in the future. Economic Projection: E-commerce, fintech, mobility and digital media contribute to an estimated USD 310 billion, projecting Indonesia to become a leading global economy by 2030. Internet Usage & AI Utilization: Indonesia is to achieve over 90% internet penetration by 2030 with AI to curate personalised content. #digital #economy #AI

5 Opportunities and Challenges When Exporting to the US in 2024 AI is booming, and 2024 promises to be a year full of potential but also harboring many challenges for Vietnamese exporting businesses wanting to penetrate the US market. 🔑 Opportunities: 1. Smart trade agreements: Utilize AI to leverage benefits from EVTFA and CPTPP, creating a competitive advantage for Vietnamese products. 2. Understand US consumer trends: Analyze behaviors, and preferences, develop suitable products, and efficiently reach potential customers. 3. Breakthrough in e-commerce: Automate operations, run effective advertisements and analyze sales data to optimize business. 4. Optimize flexible supply chains: Seek reliable suppliers, forecast market demand, manage inventory, and automate production processes. 5. Leverage support policies: Help businesses find suitable programs, streamline procedures, and comply with transparent regulations. ⚠️ Challenges: 1. Understanding AI: A significant challenge is to understand and effectively use AI. It requires a solid grasp of technology and constant updates on the latest improvements. 2. Fierce competition: With the explosion of AI, competition becomes fiercer, requiring businesses to continuously upgrade technology. 3. Stringent legal regulations: Exporting to the US requires compliance with a complex legal framework, even when using AI. 4. Security and privacy concerns: Protecting data and ensuring cybersecurity while using AI is a significant challenge. 5. Cost management: Investing in AI translates to increased costs, the challenge is to manage and adjust expenses effectively without affecting business operations. Understanding your difficulties, Wisematch, in collaboration with the Ministry of Industry and Trade, organizes the event: "Technology Information Consultation and AI Application in Exporting to the US Market." >>>Learn more about the event here: https://lnkd.in/gcVrH88q ----------- [EVENT] TƯ VẤN THÔNG TIN CÔNG NGHỆ VÀ ỨNG DỤNG AI TRONG VIỆC XUẤT NHẬP KHẨU VÀO HOA KỲ - Fanpage: Wisematch - Website: Wisematch.vn - Email: info@wisematch.vn - Hotline: 0354624102 #Wisematch #Event #AI #XuấtNhậpKhẩuHoaKỳ

The Philippines is gearing up to become an AI powerhouse in Southeast Asia, launching its National AI strategy in 2021 as one of the first 50 nations to roll out an AI roadmap.   As of November 2023, the country has seen 50 tech startups utilizing AI-powered business models across fintech, e-commerce, advertising, healthcare, and the Internet of Things.   As AI becomes more integral to business operations, Philippine companies must adopt responsible AI practices to navigate its opportunities and challenges effectively.   Check out our latest episode of #SGVTalks, where SGV Business Consulting Partner and ASEAN Consulting Quality Leader Joseph Ian Canlas, together with SGV Business Consulting Partner for Risk, Christiane Joymiel C. Say-Mendoza, discuss AI adoption in the Philippines and ways to integrate responsible AI into risk management strategies.   Find out more key points here: https://lnkd.in/gCrkYneH #SGVforABetterPhilippines #SGVInsights #ArtificialIntelligence #SGVTalks #AI

Australian businesses have already warmed up to the immense possibilities AI offers and are implementing it in huge numbers. Moreover, CSIRO also estimates that digital innovations, including AI, could contribute $315 billion to the Australian economy by 2030. So, the business landscape is fast changing. . Simultaneously, this is creating a huge demand for skilled professionals. You can stay informed about the latest happenings in all the supply chain disciplines by being a member of the relevant ASCI community. Click here to know more about different ASCI communities: . . Visit @ https://lnkd.in/gbKgRjzK . . #SupplyChain #Logistics #SupplyChainManagement #Procurement #InventoryManagement #GlobalTrade

Here are today’s top three AI news stories from 27th September 2024: Malaysia Aims to Become a Global AI Hub Malaysia is positioning itself as a global leader in artificial intelligence, bolstered by Amazon Web Services’ (AWS) investment of RM29.2 billion. This partnership aims to enhance Malaysia's digital infrastructure and contribute significantly to the country's economy, with an estimated RM57.3 billion impact on GDP over the next decade( Malay Mail ). FTC Targets Deceptive AI Practices The U.S. Federal Trade Commission has launched "Operation AI Comply" to tackle deceptive practices involving AI. This initiative includes enforcement actions against companies falsely promoting AI tools, such as an AI-powered “lawyer” service that failed to meet its promises. The FTC aims to protect consumers from fraudulent AI claims(Federal Trade Commission). AI’s Market Value Set to Reach $1 Trillion by 2027 According to a new Bain report, the AI market is expected to grow rapidly, with a projected market size between $780 billion and $990 billion by 2027. The growth will be driven by advancements in AI software and hardware, led by major cloud providers like AWS and smaller innovators(Bain )(The AI Track). #cavefishai #ainews

Can't wait to join HK's biggest AI marketing event of the year from IAB Hong Kong to learn from different industry leaders on the transformative power of AI in marketing. It's also my honor to share the power of 1PD #firstpartydata in powering the AI in Ads marketing. The future of performance marketing will be in the world with reduced signals! #AdsPrivacy #Measurement