Taiwan’s economic future will depend on embracing artificial intelligence (AI) to boost productivity and diversify growth across all sectors. It could transform Taiwan from a semiconductor powerhouse into a thriving diversified economy, with AI lifting productivity across sectors. A key factor to this success is Taiwan’s recognition of AI as a national priority evidenced by its AI Action Plan, which involves a budget allocation of up to TWD 10 billion for the development of Taiwan’s AI industry.
Our study finds that there is a considerable AI opportunity for Taiwan. With the right support in place, TWD 3.2 trillion (USD 101.3 billion) of economic benefits are expected for businesses in Taiwan in 2030 if AI-powered products and solutions are adopted. This is equivalent to over 13% of Taiwan’s current GDP.
Apart from their myriad benefits, developments in AI technology and increasing digitalization are also leading to growing cyberthreats. For instance, AI tools can be used to write malicious code, automate attacks, and generate deep fakes. Taiwan can best counter these emerging threats with accelerated and strategic adoption of AI tools targeted towards enhancing cybersecurity. Partnering with businesses at the forefront of AI-enabled cybersecurity is another important step to ensure digital safety. This study reveals that TWD 957.5 billion (USD 30.7 billion) of cybercrime losses can be prevented for Taiwan in 2030 if businesses deploy AI-powered cybersecurity capabilities.
Google’s impact in Taiwan
Google has been a key partner in helping to strengthen Taiwan’s AI ecosystem through its variety of AI-powered products and solutions, as well as programs and initiatives.
Google empowers businesses in Taiwan by democratising access to AI across industries, business size, and households. In 2023, Google Search, Google Ads, Google AdSense, Google Play, Google Cloud, and YouTube helped provide TWD 468.1 billion (USD 15.0 billion) of economic activity for businesses. Google also supported 81,600 jobs by helping businesses expand through their use of Google products, with an additional 116,500 jobs supported by the Android app economy.
Google also provides significant benefits for households by empowering them with access to AI-powered products and solutions while keeping them safe online. From discovering new local businesses via Google Maps to using Google Workspace to co-create and collaborate across teams, Taiwanese households are benefitting from the use of Google’s tools. As a result, in 2023, Google products helped provide TWD 214.1 billion (USD 6.9 billion) of economic benefits for households.
Private sector partners, like Google, will continue to play a key role in advancing Taiwan’s AI agenda. As a leading tech player, Google empowers businesses and households in Taiwan by providing secure access to AI-powered products and services, and is driving positive economic, and social change through its products and initiatives.
