The South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption across public sectors, including defence andThe South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption across public sectors, including defence and
South Korea Raises AI Budget Fivefold to US$1.67B in Race for Top 3 Global AI Status
The South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption across public sectors, including defence and agriculture.
The initiative, announced at a meeting of science-related ministers chaired by Science Minister Bae Kyung-hoon, will see the funds distributed to 33 government agencies, Yonhap reported.
The figure represents a fivefold increase compared with last year.
As part of the plan, Seoul will establish a cross-government AI collaboration framework, providing graphics processing units (GPUs), AI models and data, as well as consulting programmes, to encourage the use of AI in the public sector.
Bae Kyung-hoon
Bae said.
he added.
Featured image credit: Edited by Fintech News Hong Kong, based on image by artistdesign13 via Freepik
The post South Korea Raises AI Budget Fivefold to US$1.67B in Race for Top 3 Global AI Status appeared first on Fintech Hong Kong.
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