South Korea will nearly double AI spending to $16B in a record budget

T2Covered by 1 source · first reported by TNW at 04 Nov, 12:43 UTC

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 the three…

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• T2South Korea will nearly double AI spending to $16B in a record budgetTNW04 Nov, 12:43