Hitting an ATH record in market value due to semiconductor chips used for AI, Taiwanese Market is rising again with the ongoing boom. The Taiwanese Market perfectly shows a promising future for other businesses, mainly startups that want to join the ride upwards in the AI field. As the world leading semiconductor manufacturer, Taiwan serves a highly fitting infrastructure for startups and investors to enter their AI market. Based on Reuters, Taiwan resides as a global AI hub and their commitment to develop the supporting ecosystem for this advancement is unmatched. Taiwan’s regulation provides a framework of the AI Taiwan Action Plan in 2018, where the government invests 300 million USD each year to foster the industry. This has been an attraction point for foreign investors and overseas partners to add another value chain in the competitive Taiwan AI ecosystem. An AI environment backed by robust regulations and collaborative efforts from all over the world helped Taiwan reach their All Time High (ATH) record because of their AI market. Recorded on May 17th in CNBC, Taiwan Weighted Index (TWII) values rose to 21,258 and predicted to keep soaring up to 24,000. Rallying their AI craze, their huge tech chip partner – NVIDIA – also adds benefit to the Taiwanese economy with TSMC as their friend. 2024 will surely be a strong year for Taiwan as chip manufacturing value, AI market, and other industries that are still undervalued – automation technology and consumer service. Here is the Taiwanese AI market progress you should seek hope for. Regulation Openness Taiwan's AI market is experiencing a period of relative openness. The government encourages innovation and collaboration between domestic and foreign companies. However, some concerns remain regarding data privacy and security, as well as the potential for intellectual property theft. Nonetheless, their subsidiary investment and an easy birocratic process for AI to develop is definitely one to look forward. Vast Global AI Networks There are many large global companies that are having a big impact on the Taiwanese AI market. These companies include IBM, NVIDIA, Intel, Microsoft, and Google. These companies are providing Taiwanese businesses with access to cutting-edge AI technologies, such as natural language processing and computer vision. This is helping Taiwanese businesses to improve their products and services and to become more competitive in the global marketplace, including looking to collaborate with smaller or startup sized enterprises. Supportive AI Infrastructure and Society Taiwan's AI market is increasingly recognizing the need for supportive AI infrastructure. This means building reliable and secure platforms that can handle the demands of AI development and deployment. Additionally, it involves fostering a collaborative ecosystem where researchers, businesses, and government can work together to advance AI innovation. This will help ensure that AI is developed and used in a way that benefits society. Through these promising progress, startups are finding Taiwan's AI market increasingly attractive. However, the potential goes beyond just being a promising market potential. From a future-proof AI market, supportive regulatory frameworks and network, to adaptive industries, the Taiwanese market surely is one trickshot that startups and innovators must seek to try. Source: - CNBC: Taiwan Weighted Index - Economic Times: Driven by AI boom, TSMC to invest $2.9 billion in advanced chip plant in Taiwan - Reuters: Taiwan – Global AI Hub