TYCOON Manny V. Pangilinan on Wednesday said that fear of the impact of artificial intelligence (AI) is unfounded, and Ai is, in fact, a big opportunity for businesses.
Speaking at the 77th Management Association of the Philippines’ (MAP) 2025 inaugural meeting and induction of its 2025 board of governors, Pangilinan said businesses should instead embrace AI because it signals a transition of the times — and with it, opportunities arise.
“At my age, I’ve probably seen more in history than many of you. AI is not the first revolution I’ve encountered in my life. To all of us, AI is touted as this monumental technology that will forever alter the landscape of business, and that is, in fact, true. AI will be impactful for us front-liners in the technology battlefield. It is simply another big challenge,” Pangilinan explained.
“AI reflects not just the rhythm of progress, it is the heartbeat of mankind. So the lesson here is that humanity has never been shaped by the jobs we lose. Instead, we are defined by the future we create. AI is already changing the way we live,” he continued.
The MVP Group chairman noted that, “for AI to work, companies need to feed their algorithms a vast cache of data which must be complete, high quality and readily available… AI also needs talent and expertise to be customized for particular business needs…” as well as “robust data networks and AI-enabled data centers with huge and ultra-fast computing capabilities…”
AI, Pangilinan concluded, is not an existential threat, it is a tool.
Meanwhile, new MAP president and Maya Bank Chairman Alfredo Panlilio said the 2025 board will continue noteworthy projects initiated or implemented by its predecessors board, guided by further member engagement; country competitiveness; environmental, social and governance principles and shared prosperity; and investments in the youth.
Panlilio added they will likewise address the top seven concerns of MAP members: corruption, education, the economy, ease of doing business, climate change, cybersecurity and dealing with local government units.
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