Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

PCC turns to AI to detect uncompetitive behavior

by
September 24, 2024
in Top News
0
PCC turns to AI to detect uncompetitive behavior
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter

ARTIFICIAL INTELLIGENCE (AI) can help the government detect business activity that violates competition law, the Philippine Competition Commission (PCC) said.

“In terms of performing our mandate, I think the application of AI can help us monitor all possible business activity,” PCC Executive Director Kenneth V. Tanate told BusinessWorld on the sidelines of a forum on Tuesday.

AI can help monitor the production and entry of goods into the country and spot trends indicative of uncompetitive behavior, he said.

“If we see that there is a competition issue, through Generated AI information, we can easily investigate. We can pinpoint businesses that may commit violations of Philippine competition law.”

To accelerate the public’s adoption of AI, legislators must prioritize the passage of the Konektadong Pinoy bill, National Economic and Development Authority (NEDA) Undersecretary Krystal Lyn T. Uy said.

“AI needs internet to use. If many parts of the country are unconnected, then they will be unable to use the technology,” she said on the sidelines of the forum.

Previously called the proposed Open Access in Data Transmission Act, the measure seeks to provide affordable internet access by promoting fair competition and removing barriers to entry in the data transmission sector.

House legislators already approved the measure in December, while it awaits second reading at the Senate.

Only 33% of households have access to fixed broadband, with only 70% of the population with an active mobile broadband subscription, the World Bank said in a blog.

In the Philippines, the cost of fixed broadband charges represents 11% of per capita gross national income — double the ASEAN (Association of Southeast Asian Nations) average. 

The Philippines may unlock value estimated at P2.6 trillion annually if domestic business can introduce AI to their daily operations, NEDA Secretary Arsenio M. Balisacan said in July. — Beatriz Marie D. Cruz

ShareTweetPin

Related Posts

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026
Top News

Marriott, Flutter, Coca-Cola among stocks poised to gain from FIFA World Cup 2026

June 11, 2026
FTSE 100 edges higher as investors balance financial recovery and AI risks
Top News

FTSE 100 edges higher as investors balance financial recovery and AI risks

June 11, 2026
SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares
Top News

SAP stock tumbles 3%: why Oracle’s AI capex surge is hitting software shares

June 11, 2026
Dow futures surge 370 points: 5 things to know before market opens
Top News

Dow futures surge 370 points: 5 things to know before market opens

June 11, 2026
Why Claude Mythos Preview is a wake-up call for Wall Street
Top News

Why Claude Mythos Preview is a wake-up call for Wall Street

June 11, 2026
SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63
Top News

SpaceX IPO’s valuation battle has bulls aiming share at $165 while bears see $63

June 11, 2026
Next Post

US biotech firm expands footprint in Philippines

Recommended

Talkonautai: Your Secret Weapon for Outpacing Competitors in Digital Engagement

Talkonautai: Your Secret Weapon for Outpacing Competitors in Digital Engagement

November 20, 2024
Desk shortage holds back the ‘return to office’ push

Desk shortage holds back the ‘return to office’ push

December 27, 2024
Set up a company in Estonia: Europe’s Most Innovative Hub for Business Expansion

Set up a company in Estonia: Europe’s Most Innovative Hub for Business Expansion

October 30, 2024
Megawide names PwC-Isla Lipana as its new independent auditor

Megawide names PwC-Isla Lipana as its new independent auditor

November 26, 2024
Duke CEO offers sobering prediction on data center electricity demand

Duke CEO offers sobering prediction on data center electricity demand

June 11, 2026
Community Stars Recognized by Housing Charity

Community Stars Recognized by Housing Charity

October 15, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Former Fed insiders raise new rate-hike concerns

    Former Fed insiders raise new rate-hike concerns

    June 17, 2026
    73-year-old beef producer shuts 2 plants, cuts jobs

    73-year-old beef producer shuts 2 plants, cuts jobs

    June 17, 2026
    Nike gets World Cup opportunity it can’t afford to waste

    Nike gets World Cup opportunity it can’t afford to waste

    June 17, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved