Collaborative Network: AI Malaysia looks to guide AI development in private sector

Many businesses approach artificial intelligence (AI) as they would conventional computing — by purchasing ready-made solutions from tech giants such as OpenAI, Microsoft or Google and plugging them into their operations. But this mindset is flawed, says Goh Peng Ooi, president of AI Malaysia (AIM), who warns that such assumptions often lead to costly missteps.

“Many people don’t realise that AI is actually not part of conventional computing … If you think so, you’re going to waste a lot of money and time, you are going to lose a lot of money,” says Goh, a tech veteran and founder of fintech firm Silverlake Axis. He is also widely regarded as Malaysia’s first tech billionaire.

Launched on May 30, the Asean Business Advisory Council (Asean-BAC)-backed AIM is to act as a platform for the private sector to discuss and share resources for an effective nationwide adoption of AI solutions.

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