Govt, Industry Urged To Consider Giving More AI Contracts To Local SMEs -- Sim

KUALA LUMPUR, Feb 26 (Bernama) -- The federal and state governments, industry players and local authorities need to consider awarding more contracts related to artificial intelligence (AI) technology to local companies, especially small and medium enterprises (SMEs), to accelerate the implementation and adaptation of AI technology in the economy.

Deputy Investment, Trade and Industry Minister Sim Tze Tzin said that, despite government allocations, infrastructure and incentives, the level of AI acceptance among industry players still needs to be improved 

He said a few industry players had yet to take advantage of the facilities offered to boost technological capabilities and increase productivity. 

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He said that Malaysia is now actively strengthening its position regionally and globally as a competitive and inclusive digital investment destination by implementing existing and new strategies. 

“The government has provided infrastructure and assistance in terms of grants and incentives. Now, the industry, including SMEs, needs to embrace these efforts to ensure that AI transformation can be realised by industries, factories and SMEs,” he said during the question-and-answer session at the Dewan Rakyat today.

Sim was replying to a question from Tan Kok Wai (PH-Cheras) about Malaysia’s position in the AI ​​ecosystem, as well as strategies to attract high-value AI investments that involve technology creation, the transfer of expertise, and highly skilled jobs for local people.

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He said Malaysia risks losing investment, competitiveness and job opportunities if it fails to implement a comprehensive AI transformation.

“Hence, the government has taken a responsible, inclusive and forward-looking approach by ensuring that AI transformation empowers SMEs and increases national productivity,” he said.

-- BERNAMA