Kuala Lumpur, Malaysia, 20 March 2023 – In an era where technology and automation are transforming industries at a breakneck pace, young workers in Malaysia face the challenge of keeping up with the ever-evolving job market. To address this concern, experts suggest that educating the younger generation on AI is key to future-proofing the workforce.

In a workshop held at the Centre for AI Innovation (Malaysia) called “Employers vs Tik-Tok and GPT Generation”, it was shared by a panel comprising of industry practitioners and academicians on the process of equipping today’s unique generation with the necessary skills and knowledge to understand and use Artificial Intelligence, which is rapidly gaining traction globally. According to a recent report by the World Economic Forum, over 80% of business leaders believe AI will significantly change the way they work and 67% believe that AI and automation will create new jobs in their businesses.

“AI education is a crucial aspect of future-proofing Malaysia’s workforce,” said Tan Sri Dr Mohd Daud Bakar, the Chairman of CEAI (Malaysia). “By equipping young people with the necessary skills and knowledge to use AI, we are setting them up for success in a world that is becoming increasingly reliant on technology.”

“The benefits of AI education are numerous. It not only prepares students for a world that is increasingly being shaped by technology but also opens up new career opportunities. With the rise of AI, the demand for professionals with AI skills is expected to increase significantly in the coming years.”

“AI is not going away, and neither is automation,” he added. “It is critical that our young workforce is well-equipped with the skills necessary to succeed in the digital age.”

In addition to the government’s efforts, several private institutions have also taken the lead in AI education. In an exciting development for the future of AI education in Malaysia, the Centre for AI Innovation @MyFinB, Transformational Innovative Maverick (TIM), and MindGrowth Solutions have signed an MOU to collaborate on AI education initiatives. The signing ceremony took place on 20 March at MyFinB’s operational headquarters in Kuala Lumpur.

The MOU outlines the parties’ commitment to collaborate on various AI education initiatives, including the development of AI-related curriculum, training programs, and workshops. The partnership aims to equip Malaysians with the necessary skills and knowledge to understand and use AI, thus future-proofing the workforce and fostering innovation.

“The Centre for AI Innovation @MyFinB is committed to leveraging AI to drive innovation and create value for our customers and partners,” said Prof M Nazri, the Founder and CEO of MyFinB. “We believe that AI education is key to unlocking the full potential of Malaysia’s young workforce and driving the country’s digital transformation.”

“We are excited to collaborate with TIM and MindGrowth Solutions to enhance AI education in Malaysia,” he added. “As a group that specializes in AI solutions, we recognize the potential of AI education to transform the future of work and the economy. We look forward to working together to create a future-ready workforce.”

The MOU signing comes at a critical time for Malaysia, with the government and private institutions recognizing the importance of AI education. The collaboration between the Centre for AI Innovation @MyFinB, TIM, and MindGrowth Solutions will further enhance the efforts to equip Malaysians with AI skills, creating a talent pipeline that can drive innovation and contribute to the country’s growth.

“We are thrilled to partner with MyFinB and MindGrowth Solutions to promote AI education in Malaysia,” said Dr Timothy Law, Founder of TIM. “The demand for AI skills is rapidly growing, and it is crucial that Malaysians are equipped with the necessary skills to succeed in the future economy. This partnership represents a significant step towards achieving that goal.”

The collaboration will leverage the strengths of each organization, with MyFinB providing its expertise in AI solutions and TIM and MindGrowth Solutions offering their experience in corporate training, in particular, carrying out train-the-trainer (TTT) programmes.

“We believe that AI education is critical to building a better future for Malaysians,” said Sonny Nizam, the Founder of MindGrowth Solutions. “By collaborating with MyFinB and TIM, we hope to create innovative AI education programs that are accessible and engaging for all Malaysians.”

The MOU signing between the Centre for AI Innovation @MyFinB, Transformational Innovative Maverick (TIM), and MindGrowth Solutions represents a significant step towards promoting AI education in Malaysia. With the government and private institutions recognizing the importance of AI education, the collaboration aims to create a talent pipeline that can drive innovation and future-proof the workforce.