"The importance of AI for Taiwan is apparent through its semiconductor companies. Right now, they have an opportunity to enter the sphere of AI, and Taiwan needs to grab onto this opportunity," Minister of Science and Technology Liang-Gee Chen said during a press conference in Taipei.

LONDON/NEW YORK A London-based startup has joined up with Mastercard Inc to launch a payment card that allows users to retroactively choose a different credit or debit card for a purchase they have already made, in what they called "financial time travel".

Microsoft announced its AI R&D hub last January. TAIPEI (Taiwan News) – Technology giant Microsoft is cooperating with three universities in Taiwan to speed up the training of talent in Artificial Intelligence (AI), reports said Thursday. As AI develops rapidly, there is an increasing shortage in staff able to meet the demand from business, the Liberty Times reported. As a result, Microsoft is signing agreements with three universities to help remedy the problem. While at the beginning of the year, the United States company set up an AI research and development hub in Taiwan, on Wednesday, it announced a training cooperation plan with Asia University in Taichung City.

Taipei, Feb. 18 (CNA) 2018 has been dubbed by many tech and business insiders the year of artificial intelligence (AI). As Taiwan seeks to innovate on multiple scientific, cultural and humanitarian fronts, AI might just be the answer it has been looking for to make a name for itself on the global stage. CNA sat down with Ethan Tu, founder of Taiwan AI Labs, in January to talk about the potential for AI development on the island. According to Tu, who leads a team of 30 at the labs, Taiwan is well-positioned to be what he calls the "AI island of the world." He explained that Taiwan has several advantages when it comes to software and big data, and can utilize them to put AI to good use.