Taiwan Is Opening A Giant AI-Focused Business Park

Officials in Taiwan make no secret about turning the island into a hub for artificial intelligence R&D. It's an area that's expected to grow into a $390.9 billion market by 2025, according to Grand View Research. Taiwan has been the world's hardware hub for decades, so the shift toward AI makes the most of the existing inexpensive engineering talent. A refocus on AI, however, reduces reliance on hardware, which can easily be made somewhere else, such as China, at lower costs. Multinational tech companies have already shown interest in tapping Taiwan's talent in software, including AI.