As countries brace themselves for a greater artificial intelligence (AI) adoption, South Korea is positioning itself as an industry leader with a major investment in the ecosystem.
On April 9, South Korean President Yoon Suk Yeol revealed the country’s intention to splurge 9.4 trillion won (US$6.9 billion) to support the local AI industry. About 1.4 trillion won (US$1 billion) will be used to support AI semiconductor manufacturing firms to match industry first-movers like the U.S. and China, which have taken major steps to improve their chip-making capabilities amid rising AI adoption. In response to the global power plays, Yoon announced a heavy investment in the space focused on AI chips rather than software and large language models (LLMs). Source: Coin Geek
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