CYBERJAYA, Aug 18 (Bernama) -- Principles of good governance and proper oversight must be firmly embedded in the development of artificial intelligence (AI) to ensure Malaysia’s digital transformation progresses effectively, Prime Minister Datuk Seri Anwar Ibrahim said today.
Anwar, who is also Finance Minister, said that while AI and emerging technologies present vast opportunities, they must be approached carefully to avoid outcomes that could harm the country.
He also drew a comparison with the country's past privatisation efforts, noting how a lack of transparency and poor governance turned some initiatives into costly failures.
“At that time, it wasn't really ‘privatisation’ but more like ‘piratisation’ that bypassed proper processes.
“And what was the result? Many companies that were initially awarded projects with the hope of benefiting the country and the people ended up incurring major losses, which became significant national debts that the people had to bear.
“This is why, in all aspects of computerisation, digital transformation and AI development, the principle of good governance is essential,” he said at the Temu Anwar@Universiti Multimedia (MMU) programme and the launch of MMU Faculty of Artificial Intelligence and Engineering (FAIE) here today.
He also drew a comparison with the country's past privatisation efforts, noting how a lack of transparency and poor governance turned some initiatives into costly failures.
“At that time, it wasn't really ‘privatisation’ but more like ‘piratisation’ that bypassed proper processes.
“And what was the result? Many companies that were initially awarded projects with the hope of benefiting the country and the people ended up incurring major losses, which became significant national debts that the people had to bear.
“This is why, in all aspects of computerisation, digital transformation and AI development, the principle of good governance is essential,” he said at the Temu Anwar@Universiti Multimedia (MMU) programme and the launch of MMU Faculty of Artificial Intelligence and Engineering (FAIE) here today.