The Malaysian and Spanish governments are set to sign MoU in the field of STI, according to the Ministry of Science, Technology, and Innovation (MOSTI).
Malaysia is prepared to accept investment from companies in the technology sector attending the Mobile World Congress (MWC) in 2023, particularly in the field of Science, Technology, and Innovation (STI).
Malaysia, according to Minister of Science, Technology, and Innovation Chang Lih Kang, is a top choice for investors looking to increase its market share in the digital economy, which will lead to more opportunities for trade and business.
In this regard, the Malaysian and Spanish governments are set to sign a Memorandum of Understanding (MoU) in the field of STI, according to the Ministry of Science, Technology, and Innovation (MOSTI).
The MoU is anticipated to improve collaboration between the two nations’ ministries of science and technology, particularly in the STI sector.
He told Media on the sidelines of MWC 2023 in this city, “With the signing of the MoU, both countries will explore further cooperation in STI including biotechnology, space sciences, emerging technology, and energy efficiency, among others.
Chang also emphasised that MOSTI’s participation in MWC 2023 has made it possible to further explore AI regulations and ways to impose AI ethics, which refers to a large number of considerations combining safety, security, human concerns, and environmental issues.
“We also had very fruitful discussions about how to understand the framework for AI regulations, the speeding up of the digital transformation, and emerging technologies in telecommunications.”
Chang claims that MOSTI has released the Malaysia National AI Roadmap 2021–2025, which aims to build a self-sustaining ecosystem for AI innovation governed by seven ethical AI principles. However, he continued, “At this time, Malaysia has neither a framework nor comprehensive guidelines for the application of responsible AI principles.
Chang added that MOSTI is still looking for ways to make sure that the regulatory ecosystem as a whole is efficient and consistent in the face of fresh difficulties. “Malaysia is currently ahead of the curve thanks to professional advice and partnerships with regional agencies and tech companies.
“Huawei Technologies is one of the companies at the forefront of this effort in delivering the vision that will help us create a digitally transformed Malaysia.”
“Huawei should be commended for its collaborations with a MOSTI agency, Technology Park Malaysia Corp, to develop the Malaysian Research Accelerator for Technology & Innovation (MRANTI) e-Services platform to accelerate technology commercialisation, enhance local innovation, and develop technology,” he added.