Cabinet to Announce Major AI Scheme

Taipei: The lead stories in major Taiwan dailies on Sunday highlight significant developments, including upcoming trade talks and political outcomes. According to Focus Taiwan, the Taipei Times reports that the Taiwanese Cabinet is set to announce a major artificial intelligence (AI) scheme. This initiative is expected to play a crucial role in the country's technological advancement and economic growth. In other news, attention is drawn to the international arena as the United Daily News and China Times reveal that American and Chinese officials are slated to conduct trade talks on Monday. The second round of negotiations is scheduled to take place in London on June 9, indicating ongoing efforts to address trade issues between the two nations. On the domestic front, the Liberty Times highlights a political setback for the KMT party, which has suffered its eighth consecutive defeat. The failure of recall bids against Wu Szu-yao and Wu Pei-yi marks a challenging period for the party. The Economic Daily Ne ws and Commercial Times focus on the stock market, noting a surge in 15 and 16 stocks, respectively. These stocks are attracting substantial buying interest, drawing in hot money, and are expected to lead a breakout due to rising volumes and strong prices.