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 is set to launch a $3.5 billion state-backed project next year aimed at developing a frontier artificial intelligence (AI) model that could rival leading Chinese open-source models, according to government plans. The project, which will likely involve the country's top AI model developers, will require an equity investment of 4.7 trillion won ($3.48 billion).
Speaking at 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 significant attention as a competition to develop Korea's most capable homegrown AI model, will continue as planned, but its focus will shift towards industry-specific models and real-world applications.
The frontier AI project will commence in the coming year, Ryu stated. The government has earmarked this year's budget for the project, and the aim is to exceed current technological limitations. Both the government and domestic companies share the belief that the global competition for advanced AI models has entered a new phase since the unveiling of the Clau.
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
