AI: Boon or bane? Using the Epik app, users can generate their own yearbook pictures by submitting eight to 12 selfies for the AI to transform. Lee said that offhand, he would prefer that AI, or those that use AI, be regulated by having them registered with the government in the Philippines. Thus, my personal opinion is that those companies or entities that use AI or develop AI in the Philippines should at least register with government through the applicable agency. On the part of the SEC, Lee said although they are actively monitoring AI tools being used in the financial sector, the commission has yet to decide whether it will proceed with crafting bespoke regulations targeting AI tools.
