|Taiwan will open an AI business park that will make an impact and sustain itself if it can create a critical mass of production based on a tight supply chain / Credits: Gorodenkoff via Shutterstock|
Many countries are now investing in research and development of artificial intelligence, which aims to guide them around the said technology. For instance, Taiwan recently announced that it is planning to build an AI R&D. Several tech giants such as Google, IBM, and Microsoft have also expressed their intentions of developing AI R&D centers or similar initiatives just like in Taiwan. But, they admitted that they chose Taiwan to build the AI hub over other Asian countries because it has many capable and cheaper engineers.
The AI business, which is named Hsinchu County International AI Smart Business Park, will be constructed in a 126,000-square-meter (about 1.3 million square feet) AI business park near one of Taiwan’s major all-purpose high-tech zones and two top universities. “[The park] will not just help [promote] industry-academia cooperation, but also let AI-oriented startups and companies have a demo space to verify AI product services. It will be helpful as well to attract the companies who are interested in the AI field and then accelerating the AI ecosystem,” Shirley Tsai, a research manager with IDC Taiwan's enterprise solution group, said.
Tracy Tsai, a research vice president in Taipei with market research firm Gartner, stated that AI park will make an impact and sustain itself if it can create a critical mass of production based on a tight supply chain. According to Forbes, a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle, this could be an avenue where AI companies can work just as well in other business parks without an AI theme. “When there’s enough output, then you have substantive meaning,” she said.
The AI business park will serve as an international conference center and a “demonstration and experience center.” There are also plans that the hub can be an incubation center and workspace for startups. According to official records, two-thirds of the total space will be set aside for companies doing AI.