Taiwan Aims to be Global Leader in Artificial Intelligence with New AI HUB Initiative

SAN ANTONIO, Dec. 7, 2021 /CNW/ -- The benefits of artificial intelligence (AI) technology have been validated in many domains, where AI has helped reduce costs, improve efficiency and productivity, and solve real-life problems. However, international communities are challenged by adverse factors such as US-China competition, changes in the supply chain, and the impact of COVID-19--and Taiwan's enterprises and their development are no exception. In such circumstances, the role of the government is even more important. In response, the Taiwanese government has adopted various measures to support industrial AI research and development (R&D) and encourage companies to introduce AI technology by executing subsidy and public-private partnership (PPP) programs. "The use cases for AI are growing rapidly, but enterprises may still be reluctant to risk adoption. Government programs that support AI companies and startups, as well as the adopting enterprises, are an important way to increase the development of the industry," said Georgia Edell, Consulting Analyst at Frost & Sullivan.