Taiwan goes in big on AI craze » Banking Technology

Cash will be used for "adding value" to sectors like finance using AI The Taiwanese Ministry of Science and Technology has put its money where its mouth is to make a mark on the world of artificial intelligence (AI) with a TND $16 billion ($527 million) investment, reports Telecoms.com The AI craze is very quickly gathering pace in every aspect of our lives, and those at the top of the pile will be sitting on mountains of cash before too long. Like Amazon Web Services' (AWS) rise to power through the normalisation of cloud computing, AI has the potential to create more global technology super powers, and the Taiwanese government wants to clamber into the race. According to the China Post, the AI development plan will come from Taiwan's flagship infrastructure bill and the Cabinet's annual budget, aiming to create a series of research labs across the country. The focal point will be an AI manufacturing base in Central Taiwan Science Park, set to open in September, as well as an AI development centre in Southern Taiwan Science Park imminently.