Taiwan’s technology investments inherently different from previous economic bubbles
National Development Council (NDC) Chairman Yeh Chun-hsien (葉俊顯) presented before the Legislature on Monday on the current development of the AI boom, and what differentiates it from the dot-com bubble. Yeh underlined that as Taiwan is not carving out part of its industry, but simply copying it in a new location, there are far fewer risks to the overall industry.
Yeh notes in his presentation that, through the 10 new AI infrastructure initiatives, Taiwan will create over NT$15 trillion (nearly US$490 billion) in output value and 500,000 high-paying jobs by 2040, placing its AI capabilities among the top five globally.
KMT Legislator Hseih Yi-fong (謝衣鳳) noted that the market value of U.S. AI startups has reached US$1 trillion, but without generating relevant profits. She said this has led to market fears of a repeat of the dot-com bubble or even the 2008 financial crisis, but on an even more global scale.
However, Yeh says that, unlike in the dot-com bubble, many start...
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