TNW | Government-policy
South Korea will nearly double AI spending to $16B in a record budget
A further 4.7 trillion won will fund a national AI model that South Korea wants to reach world-leading performance. Opposition lawmakers protested a new fund built on chip taxes.
By TNW | Government-policy
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·Excerpt
South Korea will spend 21.3 trillion won (about $16 billion) on AI, chips and AI data centres next year. President Lee Jae Myung set out the plan in his budget speech to the National Assembly on Monday.
“We will invest 21.3 trillion won, nearly twice this year’s amount, in AI and…
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