Published October 28,2024
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South Korea on Monday launched a nationwide synthetic intelligence hub in Seoul, aiming to place itself as a high participant in AI growth, the Science Ministry introduced.
The authorities plans to take a position $68.2 million within the National AI Research Lab by 2028, enabling it to guide home and international AI analysis, develop AI expertise, and join sectors inside the AI ecosystem, in accordance with the ministry.
This initiative aligns with plans by the federal government and personal sector to collectively make investments 3.7 trillion gained ($2.6 billion) in 26 AI enhanced manufacturing tasks, 9 devoted to giant companies and the rest to small and medium-sized enterprises, the Ministry of Trade, Industry, and Energy said Monday.
Earlier this yr, South Korea permitted monetary corporations to make use of generative AI and cloud primarily based options, transferring away from the 2013 Financial Services Commission rule that required monetary establishments to maintain networks offline to forestall cyber threats.
At the AI Global Forum held in Seoul in May, policymakers and business leaders from 19 international locations, together with the US, Japan, Germany, France, and Italy, advocated for “responsible AI development,” specializing in sustainable innovation, equitable advantages, and accountable utility amid AI’s fast evolution and international affect.
Source: www.anews.com.tr