Google yesterday said that Taiwan is set to accumulate about US$103 billion of economic benefits stemming from artificial intelligence (AI) development by 2030 and called on the government to work to strengthen AI infrastructure and universalize its use.
At its policy white paper announcement event in Taipei, Google said that McKinsey Global Institute predicted AI could add up to US$13 trillion to the global economy by 2030. The company added that in Taiwan, total gains were estimated to hit US$103 billion, citing a report by Access Partnership.
“The manufacturing industry is set to net the most, about NT$1.5 trillion (US$45.79 billion) or nearly 50 percent of all gains,” Google Taiwan managing director of sales and operations Tina Lin (林雅芳) said.
Photo: CNA
AI-driven cybersecurity tools could also help Taiwanese companies save up to NT$957.5 billion in economic losses from cybercrime by 2030, Lin said, citing the Access Partnership report.
Google has been playing its part by contributing to economic benefits and digital resilience through its investment in local research and development, data centers, and submarine cables, she said.
The company has also been working with the government and civil society to strengthen cybersecurity and combat disinformation, she added.
Lin highlighted the significant potential of AI in enhancing medical applications. Google, in collaboration with local hospitals and the National Health Insurance Administration, has been developing AI tools to aid in early breast cancer detection, assist with diagnosing illnesses, and predict medical conditions, she said.
Google Taiwan’s government affairs and public policy head Anita Chen (陳幼臻) said the government should invest in AI infrastructure, ensure the education system effectively cultivates talent and promote the use of the technology.
“Taiwan has key advantages in developing AI such as outstanding semiconductor and ICT [information and communications technology] industries, tech talent and a population willing to embrace new technology,” Chen said.
“But in the competitive world of AI, every decision could impact Taiwan’s ability to retain its competitive edge,” she added.
Chen said that the draft AI basic law was a good start and that Google recommended the legislation was “risk scenario-directed,” rather than placing restrictions on AI tools.
“The law should also determine ‘reasonable regulations’ concerning copyright so AI models can interact with a wide range of data,” she said.
Other policy suggestions include building an “AI talent-cultivating education system,” which should focus on training AI professionals and “equipping the general labor force with the ability to use AI applications,” Chen said.
The government should also promote the universalization of AI technologies, she said.
“The government can lead the way by using AI in public services to help universalize the technology and familiarize society with it,” she added.
Taiwan’s small and medium-sized enterprises and traditional sectors such as manufacturing and retail industries will need the government’s support in terms of funding and access to perform digital upgrades, Chen said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) secured a record 70.2 percent share of the global foundry business in the second quarter, up from 67.6 percent the previous quarter, and continued widening its lead over second-placed Samsung Electronics Co, TrendForce Corp (集邦科技) said on Monday. TSMC posted US$30.24 billion in sales in the April-to-June period, up 18.5 percent from the previous quarter, driven by major smartphone customers entering their ramp-up cycle and robust demand for artificial intelligence chips, laptops and PCs, which boosted wafer shipments and average selling prices, TrendForce said in a report. Samsung’s sales also grew in the second quarter, up
LIMITED IMPACT: Investor confidence was likely sustained by its relatively small exposure to the Chinese market, as only less advanced chips are made in Nanjing Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) saw its stock price close steady yesterday in a sign that the loss of the validated end user (VEU) status for its Nanjing, China, fab should have a mild impact on the world’s biggest contract chipmaker financially and technologically. Media reports about the waiver loss sent TSMC down 1.29 percent during the early trading session yesterday, but the stock soon regained strength and ended at NT$1,160, unchanged from Tuesday. Investors’ confidence in TSMC was likely built on its relatively small exposure to the Chinese market, as Chinese customers contributed about 9 percent to TSMC’s revenue last
LOOPHOLES: The move is to end a break that was aiding foreign producers without any similar benefit for US manufacturers, the US Department of Commerce said US President Donald Trump’s administration would make it harder for Samsung Electronics Co and SK Hynix Inc to ship critical equipment to their chipmaking operations in China, dealing a potential blow to the companies’ production in the world’s largest semiconductor market. The US Department of Commerce in a notice published on Friday said that it was revoking waivers for Samsung and SK Hynix to use US technologies in their Chinese operations. The companies had been operating in China under regulations that allow them to import chipmaking equipment without applying for a new license each time. The move would revise what is known
UNCERTAINTY: A final ruling against the president’s tariffs would upend his trade deals and force the government to content with billions of dollars in refunds The legal fight over US President Donald Trump’s global tariffs is deepening after a federal appeals court ruled the levies were issued illegally under an emergency law, extending the chaos in global trade. A 7-4 decision by a panel of judges on Friday was a major setback for Trump, even as it gives both sides something to boast about. The majority upheld a May ruling by the Court of International Trade that the tariffs were illegal. However, the judges left the levies intact while the case proceeds, as Trump had requested, and suggested that any injunction could potentially be narrowed to apply
RSS