Generative AI is sparking a revolutionary shift in how humanity harnesses information technology, triggering a wave of innovation. Its applications are diversifying across various sectors, promising new opportunities. Generative AI is a knowledge-based technology, and currently, many countries are actively crafting legislation to regulate the risks associated with its development and use. To manage these risks, we rely on democratizing LLM AI technology, open-source models, and data governance, especially in critical areas like healthcare. Taiwan boasts a solid industrial foundation for promoting democratizing AI, with strengths in computing power, semiconductor manufacturing, systems, and IT services. With government support, Taiwan aims to emerge as a leader in both Generative AI and Trusted AI.