THE Department of Trade and Industry is in talks with the Asian Development Bank for $400 million in loan assistance to establish a Philippine innovation hub.Trade Undersecretary Rafaelita Aldaba said the funds would be used to finance the Center for Artificial Intelligence Research , among others.Negotiations are still ongoing and the ADB funding has yet to be finalized, she added.
'Rapid digitalization post-pandemic has revolutionized job structures, creating entirely new jobs and demanding new skill sets in traditional roles,' Pascual said on Wednesday.Citing a report from the World Economic Forum, the trade chief said that around 56 percent of workers in the Philippines were projected to use generative artificial intelligence for 5 percent to 20 percent of their regular work activities.