Africa: Korea, African Development Bank Sign Deal to Launch Joint Ai Hub to Support Africa
[African Development Bank (AfDB)] The African Development Bank Group and the Republic of Korea signed a Letter of Intent on 9 September in Seoul to establish a Korea-Africa Hub for artificial intelligence (AI) to support the responsible development, adoption and financing of AI technologies across Africa.
The African Development Bank Group and the Republic of Korea have signed a Letter of Intent to establish a Korea-Africa Hub for artificial intelligence (AI). The hub, expected to be based in Korea, will serve as a long-term platform for advancing AI and digital innovation projects in Africa, bringing together governments, financial institutions, research centres, universities, and businesses.
The initiative aims to support the responsible development, adoption, and financing of AI technologies across Africa, with the potential to add up to $1 trillion to Africa's GDP by 2035. The African Development Bank estimates that effective adoption of AI could add up to $1 trillion to Africa's GDP by 2035, but this depends on major investment in digital infrastructure, computing capacity, data, skills, governance frameworks, and funding.
Brief written by urgent.news from AllAfrica's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
