Science ministry to inject $3.5 bil. to develop frontier AI model
Science ministry plans to invest 4.7 trillion won ($3.49 billion) for a project to develop a homegrown artificial intelligence (AI) model that will be on par with global frontier models, government officials said Tuesday. The science ministry plans to form an independent fund to that end, according to the officials. The money will be included in the 9.4 trillion-won AI budget proposed by the…
The South Korean Science Ministry announced a staggering $3.49 billion investment to develop a cutting-edge artificial intelligence (AI) model, aiming to rival global "frontier" AI systems, according to government officials. The ministry intends to establish an independent fund to spearhead this ambitious project, which will be incorporated into its proposed 9.4 trillion won AI budget for the 2027 fiscal year.
The specific details of the project remain uncertain, as confirmed by an official from the Science Ministry. This significant move comes amidst heightened global competition in AI development, driven by substantial investments and remarkable advancements in reasoning capabilities. Science Minister Bae Kyung-hoon emphasized the critical need for a domestically developed frontier AI model to ensure South Korea's independence from other nations, particularly in the context of the escalating geopolitical tensions between the United States and China.
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- Science ministry to inject $3.5 bil. to develop frontier AI model koreatimes.co.kr
