Korea to launch $3.5 bil. frontier AI project next year
Korea will launch a state-backed project next year to develop a frontier artificial intelligence (AI) model capable of competing with leading Chinese open-source models, with the government planning to make 4.7 trillion won ($3.48 billion) of equity investment in what could be a special purpose company involving the country’s top AI model developers. During a press conference Friday, Second Vice…
Korea plans to initiate a state-supported project next year aimed at creating a frontier artificial intelligence (AI) model to rival leading Chinese open-source models, with the government allocating 4.7 trillion won ($3.48 billion) for equity investment in a potential special purpose company involving the nation's top AI model developers.
During a press conference on Friday, Second Vice Minister of Science and ICT Ryu Je-myung confirmed that the ongoing national AI foundation model project, which has garnered considerable attention as a competition to develop Korea's most advanced homegrown AI model, will continue as planned. However, the project's focus will shift towards models tailored to specific industries and real-world applications.
The frontier AI project is set to commence next year, according to Ryu. The government and domestic companies share the belief that the global competition for advanced AI models has entered a new phase following the preview of a leading model. The government has decided to incorporate this ambitious goal into next year's budget, with the intent of breaking through current technological limitations.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Korea to launch $3.5 bil. frontier AI project next year koreatimes.co.kr
