South Korea Plans Record Budget to Develop Sovereign AI Model with Highest Performance
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- CNBCTechnology
South Korea's President Lee Jae Myung announced a historic budget for 2027, increasing total spending by 12.8% to 820.9 trillion won. A significant portion of this budget, 4.7 trillion won, is earmarked for developing a sovereign AI model aimed at achieving the world's highest performance. Additionally, the government will invest in training 2,000 specialists in semiconductor design to bolster the regional chip industry.
This ambitious budget reflects South Korea's commitment to advancing its AI capabilities and semiconductor sector, which are crucial for maintaining its competitive edge in the global market. The investment in AI and related technologies is expected to drive economic growth, with the International Monetary Fund projecting a 3.3% growth rate for the country in 2026. The focus on education and training will also support the development of a skilled workforce to meet the demands of these high-tech industries.
South Korea's investment in a sovereign AI model and semiconductor training programs is a strategic move to enhance its technological leadership. The government aims to leverage this investment to achieve nearly $1 trillion in annual exports, particularly in semiconductors, as global demand for computing power continues to rise amid the AI boom.
Original report
South Korea targets 'world's highest performance' sovereign AI model in record new budget
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