AI uncertainties after US midterms 'golden opportunity' for Korea: 2nd vice science minister
Fresh uncertainties surrounding artificial intelligence (AI) investments following the US midterms could provide a "golden opportunity" for Korea, a high-level science ministry official said Wednesday. Second Vice Science Minister Ryu Je-myung made the remarks at a congratulatory address during an AI conference hosted by the ministry in Seoul as he mentioned growing concerns in the United States…
Uncertainties surrounding artificial intelligence investments following the US midterms could present a golden opportunity for Korea, according to a high-level science ministry official. Second Vice Science Minister Ryu Je-myung made these remarks at an AI conference in Seoul, noting growing concerns in the United States that the incoming Democratic Congress might impose stricter regulations on AI and data centers.
Ryu observed that market uncertainty surrounding potential changes in the investment environment for AI and data centers could increase following the US midterms. He emphasized that this situation provides a significant opportunity for Korea to narrow its gap with leading countries and secure overwhelming national AI competitiveness through aggressive and swift investments and technological innovation.
In response, the government is considering doubling the amount of funding allocated to the AI sector to approximately 9.4 trillion won next year. South Korea is already a major player in research and development.
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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