Budget 2024: RM20mil allocated to establish country’s first AI faculty at University Technology Malaysia


The allocation is intended to boost the exploration of interdisciplinary AI fields. — Photo by Steve Johnson on Unsplash

PETALING JAYA: With the rapid growth of artificial intelligence (AI) globally, the 2024 national budget tabling has included an RM20mil allocation to establish the country’s first artificial intelligence (AI) faculty at the University of Technology Malaysia.

In his budget presentation speech, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim says Malaysia needs to be swift in responding to the global digital transformation boom.

“Innovation and digital talent need to be strengthened, particularly in the field of AI to develop more sustainable economic growth.

“To boost the exploration of interdisciplinary AI fields, I am pleased to announce the establishment of the country’s first AI faculty at the University of Technology Malaysia,” he says.

AI has become an increasingly hot topic globally following the launch of OpenAI’s ChatGPT in November last year.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Legislative roadmap for AI is coming in weeks, Schumer says
Google DeepMind unveils next generation of drug discovery AI model
Google fights $17 billion UK lawsuit over adtech practices
Bain Capital in talks to buy education-software provider PowerSchool, source says
Turkey's competition board to fine Meta $37.2 million in data-sharing probe
SpaceX's unit Starlink secures Indonesia operating permit
Reddit shares soar as earnings show advertising, AI licensing revenue potential
Uber shares tumble as second-quarter forecast disappoints
EU asks X for details on reducing content moderation resources
New York governor regrets saying Black kids in the Bronx don’t know what a computer is

Others Also Read