Colombia | Innovate or fall behind: Artificial Intelligence as the key to development

Summary

Colombia is advancing in artificial intelligence with the national policy CONPES 4144, which invests $479 million to boost productivity until 2030. It focuses on 6 pillars, promoting regional hubs and strengthening public-private collaboration to ensure equitable benefits, especially for SMEs and rural areas.

Key points

• Key points:
• Colombia shows great potential in artificial intelligence by ranking well in preparation indexes and being recognized for its data infrastructure in the region.
• The AI policy (CONPES 4144) allocates a budget of $479 million aimed at transforming the economy and increasing productivity.
• It prioritizes ethics, data infrastructure, innovation, and training of human talent for the development of AI.
• The initiative aims to ensure equitable investment in key technologies, benefiting small and medium-sized enterprises and rural areas.
• The initiative promotes foreign investment through tax incentives and co-financing of projects, benefiting key sectors and rural areas.

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