The capabilities of artificial intelligence (AI) have developed extensively since its inception. Several technological breakthroughs under the Fourth Industrial Revolution are pushing the digital transformation at an unprecedented pace.

The vast opportunities of the adoption of these new technologies are expected to revolutionise industries, boost performance, and improve accuracy if regulated and utilised effectively. As we begin to grasp the future of AI, it is necessary to put in place policies that will protect the economy and the people, as well as improve ICT infrastructure to reap its immense potential.

In the recent second State of the Nation Address of President Ferdinand Marcos Jr., the importance of fully embracing digitalisation to provide better services to its people has once again been accentuated. Relatedly, the Department of Trade and Industry formulated the National Artificial Intelligence Strategy Roadmap to serve as a guide to the government and stakeholders on the use of AI and how it should uplift the Filipino people, improve the productivity of local industries, and enhance the competitiveness of the national economy.

Against this backdrop, the European Chamber of Commerce of the Philippines (ECCP) and its ICT-BPM-KPM Committee is organising this virtual event entitled "Unlock the Future: Exploring the Growing Impacts of Artificial Intelligence" on 19 September 2023, 10:00AM - 12:00PM via Zoom. The event aims to give an overview of the current status of the country's AI landscape, as well as delve into its potential and impacts on business and society. Likewise, the webinar will serve as a platform to discuss areas of collaboration between the government and key stakeholders to ensure inclusive and sustainable development in the country amid these technological innovations.