The use of artificial intelligence (AI) and sustainable practices is part of the notable trends in the landscape of local startups, experts underlined.
During the launch of Philippine Startups Week in Taguig City on Monday, Jay Fajardo, Executive Director of the company VC, Iderspace Foundation, Inc., said that AI is a global phenomenon, with countries invested in data centers .
“The advent of the AI cannot be underestimated… .Ai is very hungry for computer power. So if you notice in the world in recent weeks, everyone rushes to create data centers, “said Fajardo in a press briefing.
He added that some of the neighbors of the Philippines, including Hong Kong, Singapore and Indonesia, strengthen their capacities of supercalculculcul.
But the construction of data centers requires a lot of electricity, said Fajardo, making it an expensive perspective in the configuration of the Philippines.
“Unfortunately, the data centers are also eager for power and the Philippines are not exactly the cheapest place to exploit energy. We therefore need to start examining renewable energies, inexpensive energy sources so that we are a viable sovereign country of AI, “he said.
On the other hand, the Philippine Council for Industry, Energy, and Emerging Technology Research and Development (DOST-PCIEERD) said that sustainability has become a viable business for startups these days.
“There is a tendency to sustainability and a major field of this is to make sustainable products or solutions. Thus, Kasama Dito Yung MGA (these is in particular) bioplastics, commercial models of sustainability or practices, ”said Enrico Parico Parico Parico Parico Parico Parico Parico.
The owner of the DOS-PCIEERD said that the push for decarbonization and digitization has fueled the trend of sustainability among startups.
“In the past, the Hindi Pa Siya (it was not yet) viable as a business, but now because of the world movement on decarbonization and digitization, they make good ingredients for future startups “He added. “Thus, decarbonization, digitization and artificial intelligence will probably be the future orientations of our startups.”
The government aims to generate up to 5 billion pesos of investments from local and international sources to help Philippine startups further grow in the coming years. – BM, GMA Integrated News