AI, blockchain anchor Philippines digitalization journey [Video]

Artificial intelligence (AI) is making its mark in the Philippines, a nation renowned for rapidly adopting emerging technologies. Filipino enterprises have integrated AI into operations to cut costs, increase efficiency and obtain a competitive edge. However, there are concerns, including bias and hallucinations, which Bismark Orbe says businesses must be cautious about as they embrace the technology.

Orbe is the director of finance and procurement at JG Summit Holdings, a Philippines-based conglomerate with interests in manufacturing, tech, air travel and finance. He spoke to CoinGeek reporter Claire Celdran on the sidelines of the 8th Fintech Revolution Summit in Manila, where he participated in a panel discussion on the risks of AI.

“One of the primary concerns with AI adoption is that AI could produce a lot of biased information and lots of hallucinations as well. It’s very important …