Taiwan Raises 2025 GDP Growth Forecast to 4.45% on Strong Tech Exports

The general view of the city center in Taipei, Taiwan, 15 August 2025. EPA/RITCHIE B. TONGO
The general view of the city center in Taipei, Taiwan, 15 August 2025. EPA/RITCHIE B. TONGO
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Taiwan Raises 2025 GDP Growth Forecast to 4.45% on Strong Tech Exports

The general view of the city center in Taipei, Taiwan, 15 August 2025. EPA/RITCHIE B. TONGO
The general view of the city center in Taipei, Taiwan, 15 August 2025. EPA/RITCHIE B. TONGO

Taiwan's economy is expected to grow faster in 2025 than previously forecast, the statistics agency said on Friday, as the island continues to reap the benefits of strong demand for tech and artificial intelligence-related products.

Taiwan's gross domestic product is now expected to expand 4.45% this year, according to the official forecast from the Directorate General of Budget, Accounting and Statistics, higher than the 3.1% it forecast in May.

Exports this year from Taiwan, a major producer of chips powering the AI surge, are predicted to expand by 24.04%, the agency said, upgrading sharply a previous forecast of 8.99%.

The optimistic outlook comes even after US President Donald Trump imposed a 20% tariff on Taiwan goods, Reuters reported.

Taiwan's government has said the 20% tariff is "temporary" as it continues to negotiate with the US for more favorable rates.

Gross domestic product expanded by a revised 8.01% in the second quarter from a year earlier, compared with a preliminary 7.96%, the statistics agency said.

It also lowered the forecast for the consumer price index (CPI) to 1.76% from 1.88% previously.



South Korea to Require Advertisers to Label AI-Generated Ads 

Pedestrians walk on a snowy street as the season's first snow falls in downtown Seoul on December 4, 2025. (AFP)
Pedestrians walk on a snowy street as the season's first snow falls in downtown Seoul on December 4, 2025. (AFP)
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South Korea to Require Advertisers to Label AI-Generated Ads 

Pedestrians walk on a snowy street as the season's first snow falls in downtown Seoul on December 4, 2025. (AFP)
Pedestrians walk on a snowy street as the season's first snow falls in downtown Seoul on December 4, 2025. (AFP)

South Korea will require advertisers to label their ads made with artificial intelligence technologies from next year as it seeks to curb a surge of deceptive promotions featuring fabricated experts or deep-faked celebrities endorsing food or pharmaceutical products on social media.

Following a policy meeting chaired by Prime Minister Kim Min-seok on Wednesday, officials said they will ramp up screening and removal of problematic AI-generated ads and impose punitive fines, citing growing risks to consumers — especially older people who struggle to tell whether content is AI-made.

Lee Dong-hoon, director of economic and financial policy at the Office for Government Policy Coordination, said in a briefing that such ads are “disrupting the market order,” and that “swift action is now essential.”

“Anyone who creates, edits, and posts AI-generated photos or videos will be required to label them as AI-made, and the users of the platform will be prohibited from removing or tampering with those labels,” he said.

AI-generated ads using digitally fabricated experts or deepfake videos and audios of celebrities, promoting everything from weight-loss pills and cosmetics to illegal gambling sites, have become staples across the South Korean spaces of YouTube, Facebook and other social media platforms.

The government will seek to revise the telecommunications act and other related laws so the AI-labeling requirement, along with strengthened monitoring and punitive measures, can take effect in early 2026. Companies operating the platforms will also be responsible for ensuring that advertisers comply with the labeling rules, Lee said.

Officials say it’s becoming increasingly difficult to monitor and detect the growing number of false ads fueled by AI. South Korea’s Food and Drug Safety Ministry identified more than 96,700 illegal online ads of food and pharmaceutical products in 2024 and 68,950 through September this year, up from around 59,000 in 2023.

The problem is also spreading into areas such as private education, cosmetics and illegal gambling services, leaving the Korea Consumer Agency and other watchdogs struggling to keep pace, the Government Policy Coordination Office said.

Beyond deceptive ads and misinformation, South Korea is also grappling with sexual abuse enabled by AI and other digital technologies. A Seoul court last month sentenced a 33-year-old man to life in prison for running an online blackmail ring that sexually exploited or abused more than 200 victims, including many minors who were threatened with deepfakes and other manipulated sexual images and videos.

Officials plan to raise fines and also introduce punitive penalties next year to discourage the creation of false AI-generated ads, saying those who knowingly distribute false or fabricated information online or through other telecommunications networks could be held liable for damages up to five times the losses incurred.

Officials will also strengthen monitoring and faster takedown procedures, including enabling reviews within 24 hours and introducing an emergency process to block harmful ads even before deliberation is complete. They also plan to bolster the monitoring capabilities of the Food and Drug Safety Ministry and the Korea Consumer Agency — using AI, of course.

Despite risks, South Korea’s love for AI grows

Prime Minister Kim, Seoul’s No. 2 official behind President Lee Jae Myung, said during the policy meeting that it’s crucial to “minimize the side effects of new technologies” as the country embraces the “AI era.”

The plans to label AI-generated ads were announced as Lee, in a separate meeting with business leaders, reiterated his government’s ambitions for AI, pledging national efforts to strengthen South Korea’s capabilities in advanced computer chips that power the global AI race.

Government plans include more research and development spending on AI-specific chips and other advanced semiconductor products as well as expanding the country’s chip manufacturing hubs beyond metropolitan areas near the capital city of Seoul to the southern regions. South Korean chipmakers, including Samsung Electronics and SK Hynix, combined for more than 65% of the global memory chip market last year.

The science and telecommunications ministry also said Wednesday it will require the country’s wireless carriers to transition to 5G standalone networks, which are seen as optimal for advanced AI applications because of their higher bandwidth and lower latency, as a condition for renewing their 3G and LTE licenses.


Australia Begins Enforcing World-First Teen Social Media Ban 

Prime Minister Anthony Albanese and Minister for Communications Anika Wells stand during an event to mark the beginning of the social media ban for children under 16 years of age, at Kirribilli House in Sydney, Australia, December 10, 2025. (AAP/Mick Tsikas/via Reuters) 
Prime Minister Anthony Albanese and Minister for Communications Anika Wells stand during an event to mark the beginning of the social media ban for children under 16 years of age, at Kirribilli House in Sydney, Australia, December 10, 2025. (AAP/Mick Tsikas/via Reuters) 
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Australia Begins Enforcing World-First Teen Social Media Ban 

Prime Minister Anthony Albanese and Minister for Communications Anika Wells stand during an event to mark the beginning of the social media ban for children under 16 years of age, at Kirribilli House in Sydney, Australia, December 10, 2025. (AAP/Mick Tsikas/via Reuters) 
Prime Minister Anthony Albanese and Minister for Communications Anika Wells stand during an event to mark the beginning of the social media ban for children under 16 years of age, at Kirribilli House in Sydney, Australia, December 10, 2025. (AAP/Mick Tsikas/via Reuters) 

Australia on Wednesday became the first country to ban social media for children under 16, blocking access in a move welcomed by many parents and child advocates but criticized by major technology companies and free-speech advocates.

Starting at midnight (1300 GMT on Tuesday), 10 of the largest platforms including TikTok, Alphabet's YouTube and Meta's Instagram and Facebook were ordered to block children or face fines of up to A$49.5 million ($33 million) under the new law, which is being closely watched by regulators worldwide.

Prime Minister Anthony Albanese called it "a proud day" for families and cast the law as proof that policymakers can curb online harms that have outpaced traditional safeguards.

"This will make an enormous difference. It is one of the biggest social and cultural changes that our nation has faced," Albanese told a news conference on Wednesday.

"It's a profound reform which will continue to reverberate around the world."

In a video message, Albanese urged children to "start a new sport, new instrument, or read that book that has been sitting there for some time on your shelf," ahead of Australia's summer school break starting later this month.

In the hours before the ban took effect, many of the estimated one million children impacted by the legislation began posting messages saying goodbye to their online followers.

"No more social media... no more contact with the rest of the world," wrote one teen on TikTok.

"#seeyouwhenim16," said another.

BAN HAS GOBAL IMPLICATIONS

The rollout caps a year of debate over whether any country could practically stop children from using platforms embedded in daily life and begins a live test for governments worldwide frustrated that social media firms have been slow to implement harm-reduction measures.

Albanese's center-left government proposed the landmark law citing research showing harms to mental health from the overuse of social media among young teens, including misinformation, bullying and harmful depictions of body image.

Several countries from Denmark to New Zealand to Malaysia have signaled they may study or emulate Australia's model, making the country a test case for how far governments can push age-gating without stifling speech or innovation.

Julie Inman Grant, the US-born eSafety Commissioner who is overseeing the ban, told Reuters on Wednesday a groundswell of American parents wanted similar measures.

"I hear from the parents and the activists and everyday people in America, 'we wish we had an eSafety commissioner like you in America, we wish we had a government that was going to put tween and teen safety before technology profits,'" she said in an interview at her office in Sydney.

'NOT OUR CHOICE': X SAYS WILL COMPLY

Elon Musk's X became the last of the 10 major platforms to take measures to cut off access to underage teens after publicly acknowledging on Wednesday that it would comply.

"It's not our choice - it's what the Australian law requires," X said on its website.

"X automatically offboards anyone who does not meet our age requirements."

Australia has said the initial list of covered platforms would change as new products emerge and young users migrate.

Companies have told Canberra they will deploy a mix of age inference - estimating a user's age from their behavior - and age estimation based on a selfie, alongside checks that could include uploaded identification documents or linked bank account details.

For social media businesses, the implementation marks a new era of structural stagnation as user numbers flatline and time spent on platforms shrinks, studies show.

Platforms say they earn little from advertising to under-16s, but warn the ban disrupts a pipeline of future users. Just before the ban took effect, 86% of Australians aged eight to 15 used social media, the government said.

Some youngsters have warned the social media ban could isolate people.

"It's going to be worse for people with niche interests I guess because that's the only way they can find their community," said 14-year-old Annie Wang ahead of the ban.

"Some people also use it to vent their feelings and talk to people to get help ... So I feel like it'll be fine for some people, but for some people it'll worsen their mental health."


Microsoft Unveils $23 Billion in New AI Investments With Big Focus on India

Microsoft Chief Executive Satya Nadella speaks at the company's annual developer conference in Seattle, Washington, US, May 21, 2024. REUTERS/Max Cherney
Microsoft Chief Executive Satya Nadella speaks at the company's annual developer conference in Seattle, Washington, US, May 21, 2024. REUTERS/Max Cherney
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Microsoft Unveils $23 Billion in New AI Investments With Big Focus on India

Microsoft Chief Executive Satya Nadella speaks at the company's annual developer conference in Seattle, Washington, US, May 21, 2024. REUTERS/Max Cherney
Microsoft Chief Executive Satya Nadella speaks at the company's annual developer conference in Seattle, Washington, US, May 21, 2024. REUTERS/Max Cherney

Microsoft on Tuesday unveiled about $23 billion in new artificial intelligence investments, with the bulk earmarked for India as it deepens its bet on one of the world's fastest-growing digital markets.

As part of the move, Microsoft will spend $17.5 billion in India in its largest Asia investment to build out artificial intelligence infrastructure in the country, CEO Satya Nadella said.

The investment builds on the $3 billion investment Microsoft announced earlier this year. It would give the company the largest cloud presence in India, with the first new data center going live mid-2026.

Microsoft has pledged hefty investments worldwide this year, as the company races to secure more cloud computing capacity to meet the surging demand for AI workloads and compete better with rivals Amazon and Google-parent Alphabet.

Microsoft earlier in the day said it was investing more than C$7.5 billion ($5.42 billion) in Canada over the next two years.

New capacity under the investment will begin to come online in the second half of 2026, Microsoft said, adding that its total estimated investment in Canada amounts to C$19 billion between 2023 and 2027.

Microsoft also said it would expand its Azure Local cloud offering in Canada. It is also partnering with Canadian AI startup Cohere to offer the firm's advanced AI models on its Azure platform.

The company is also launching a dedicated "Threat Intelligence Hub" in Canada to focus on cybersecurity protection and AI security research, and work with the Canadian government and lawmakers to track threat actors and organized crime.

Microsoft currently has more than 5,300 employees across 11 cities in Canada.

Last month, Microsoft announced plans to invest $10 billion in AI infrastructure in Portugal as well as $15 billion in the United Arab Emirates.

Big Tech is under growing investor pressure to show that its hefty investments in AI are paying off, as surging valuations of companies and a web of circular investments fuel concerns of an AI bubble.

Microsoft reported a record capital expenditure of nearly $35 billion for its fiscal first quarter in October and warned that spending would further increase this year. It has predicted it would remain constrained on supply at least until the end of its current fiscal year in June 2026.