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Taiwan Plans AI Projects to Boost Economy by $510 Billion

Taipei: Taiwan plans to launch its "Ten Major AI Infrastructure Projects" initiative, aimed at generating more than T$15 trillion ($510 billion) in economic value by 2040 as it strives to become a global leader in artificial intelligence. Premier Cho Jung-tai said in a Facebook post late on Tuesday that Taiwan aims to leverage its information and communications technology (ICT) sector and world-leading semiconductor manufacturing capabilities to become a global AI influencer and a "smart technology island."

According to Emirates News Agency, under the initiative, Taiwan has identified three core technologies as strategic priorities: silicon photonics, quantum technology, and AI robotics. The initiative targets the creation of 500,000 jobs and the establishment of three international-level research laboratories.

This ambitious plan underscores Taiwan's commitment to harnessing its existing strengths in the ICT and semiconductor sectors to secure a footing in the rapidly evolving AI landscape. By focusing on these core technologies, Taiwan aims to cultivate a robust ecosystem that fosters innovation and positions itself as a frontrunner in the global AI market.

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