ASUNCION, Paraguay, May 11 (UPI) -- Paraguayan President Santiago Peña announced an agreement with Taiwan to develop one of the world's largest artificial intelligence centers in Paraguay -- an initiative aimed at positioning the country as a regional hub for technological infrastructure and digital services.

The announcement came during the conclusion Sunday of Peña's official visit to Taiwan, where he held meetings with Taiwanese President William Lai, as well as business leaders and authorities linked to the technology sector.

"Between two giants, we are beginning the path to create the world's largest artificial intelligence hub: Taiwanese technology powered by Paraguayan energy," Peña said in a message shared on social media.

Paraguay y Taiwán, socios por casi setenta años, firmamos un acuerdo sin precedentes: construiremos juntos, 50/50, uno de los mayores centros de IA del mundo.

Inteligencia artificial soberana, con la potencia energética paraguaya y tecnología de frontera taiwanesa. Apostamos por... pic.twitter.com/COSPI9lbtJ— Santiago Peña (@SantiPenap) May 10, 2026