WEF founder invites PH to join center on technological collab



The founder and executive chairman of the World Economic Forum (WEF) has invited the Philippines to join a soon-to-be-established center geared at working and sharing the newest technologies that could help countries develop economically.

During a meeting with Philippine President Ferdinand “Bongbong”  Marcos Jr. in Switzerland on Tuesday (Wednesday in PH), Prof. Klaus Schwab said they will invite the Philippines to have a presence when the organization inaugurates the platform.

“When we inaugurate it, we will invite the Philippines to be amongst the first countries to have a… we call it a residence where you can showcase your investment opportunities in a much more effective manner compared to video conferencing because you bring people in the next of what’s happening,” Schwab said.

“So when you have for example energy transformation, the creation of clean fuel or you can show, you can take someone that can guide you along,” he added.

“So this will be the technology of the future which will be applied very much also in education, in healthcare, because you can have consultation.”

WEF, Schwab said, presently has several service centers working on the newest technologies like artificial intelligence.

“And the idea is to share their own experience. It’s always in support of technology,” Schwab said as he cited India as an example where WEF looks at the application of the newest technologies to increase agricultural activity.

The organization also has a center in San Francisco that looks into crypto and blockchain, the WEF founder explained.

Currently, Schwab said there’s a lot of discussion on the internet on three-dimensional, virtual interaction communities combined with artificial intelligence, which encouraged WEF to develop a global collaboration platform. —KBK, GMA Integrated News

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