President Ferdinand R. Marcos Jr. is ringing the alarm on artificial intelligence after a high-level sit-down with JPMorgan Chase leaders in New York. The discussion, he said, highlighted the urgent need for governments and businesses to brace for AI-driven disruptions in economies and labor markets.
“I also met with senior leaders of JPMorgan in New York to discuss ongoing economic cooperation and global issues affecting financial markets,” Marcos stated.
According to JPMorgan, AI is poised to reshape industries, boost productivity, and redefine employment on a global scale. The insights prompted Marcos to emphasize technological readiness, stronger cybersecurity defenses, and workforce upskilling as critical tools for maintaining competitiveness in a rapidly evolving landscape.
The bank’s long-standing footprint in the Philippines reinforces this message. Its Global Service Center in Taguig supports operations worldwide in technology, finance, risk management, and customer services.
Employing thousands of Filipinos, the hub delivers not only back-office and tech support but also investment banking, treasury, and securities services—cementing the Philippines’ position as a strategic center for financial and business services.
Marcos’ call comes as governments globally weigh the balance between embracing AI innovation and mitigating its economic and labor challenges. For the Philippines, staying ahead of the AI curve is no longer optional—it’s a competitive imperative.
