According to Ms. Vanessa Wilfred of Infocomm Media Development Authority of Singapore, the development of AI
governance policies is essential to inspire trust and displace suspicion surrounding AI. Therefore, legislation and guidelines
should be in place to counter cybersecurity threats to the telco industry and its users arising from AI. This includes the
perpetration of online scams, proliferation of deep fakes, phishing, etc. At this early juncture, only the European Union (EU)
has implemented broad-based acts to regulate AI.
For other countries, in order to kick start the journey of regulating AI, IMDA believes that AI providers should be transparent and forthcoming in their disclosures to highlight any risks presented by AI. Hence, this would result in better understanding, and thus enable organizations and regulators to work towards risk management measures in mitigating AI threats.
Other ways to combat cybersecurity threats are highlighted by Mr. Jonathan Jackson of Blackberry Cybersecurity. The
latter believes that organizations and digital citizens should leverage on AI as an effective tool to enhance cybersecurity. In
other words, this involves ‘’using AI to fight AI’’.
Mr. Julian Gorman of GSMA believes that sustained traction in GSMA’s efforts to develop a globally harmonized
framework of principles and standards will result in sustainable and ethical use of AI. Its principles-based ethics framework
applies a balanced approach where it acts as a guide to ensure that AI operates within its boundaries, without restricting its
normal course of development.
Wing K Lee of YTL Communications is steering the group in playing its part in shaping the future of AI in Malaysia via
its upcoming YTL AI Cloud service. It will be powered by Nvidia Grace Blackwell-powered DGX Cloud to accelerate the
development of generative AI. Its AI compute power will surpass more than 300 exaflops, rendering it as one of the fastest
supercomputers in the world.
Taking these into consideration, Kenanga in its report over the telecommunication sector said it believes that investors are less cautious on 5G as monetisation opportunities emerge from selling managed solutions and cloud offerings to enterprise clients in the immediate term. Furthermore, it said the adoption of generative AI cloud solutions gain momentum, this could emerge as an earnings growth driver for telco operators over the longer term.
On top of that, the looming announcement of the official 5G Dual Network policy directive would finally resolve uncertainty that has weighed on sector sentiment. The house maintains its OVERWEIGHT recommendation on the sector with top picks being TM and CDB.
