AI and Economic Development
How Artificial Intelligence Will Affect Asia’s Economies
AI is rapidly transforming industries across Asia, driving economic growth and reshaping labor markets. With AI expected to boost Southeast Asia’s GDP by up to 18% by 2030, companies are investing heavily in automation and innovation. The semiconductor and tech sectors are thriving, with giants like TSMC and Baidu leading advancements. However, AI’s rise also brings workforce challenges, particularly in outsourcing and clerical roles. Governments are responding with policies, reskilling programs, and AI regulations to ensure ethical use and economic stability. As AI adoption accelerates, balancing innovation with social responsibility remains crucial for the region’s future.
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