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South Korea rolls out national AI model to boost tech competitiveness
The post South Korea rolls out national AI model to boost tech competitiveness appeared on BitcoinEthereumNews.com. South Korea has launched a task force that includes some of its biggest companies to establish a national foundational AI model. The model will include domestic technology, as the country tries to keep pace with the U.S. and China in the AI race. Korea’s Ministry of Science and ICT (MSIT) revealed on August 4 that the country selected five consortia to develop the project. The five elite tech teams include Naver, LG AI Research, SK Telecom, NC AI, and Upstage. Seoul invests 530 billion won in its AI foundation model The government will invest roughly 530 billion won ($383 million) in the AI foundation model, which it expects will be established by 2027. 450 billion won will be allocated for GPU support, 62.8 billion won for securing AI training data, and roughly 25 billion won for talent recruitment. South Korea also plans to use 100 billion won to leverage public data from institutions, including the National Archives and the National Institute of Korean History. Another 200 billion won will be used for high-quality broadcast video datasets to support AI training. The ministry said the five consortia will be branded as “K-AI Models” and “K-AI Companies” at an upcoming kickoff ceremony. Kim Kyung-man, director of AI policy at the ministry, said the government will evaluate each team’s AI model every six months, eliminating one team at a time until only two remain by 2027. Science Minister Bae Kyung-hoon acknowledged that each team has proven its ability to develop efficient AI models. He added that the initiative is a turning point for Korea’s digital sovereignty and the future of its AI industry. The project is meant to leverage the technology that some of South Korea’s companies develop, which is crucial in the artificial intelligence sector. One of those firms, such as SK…
The post South Korea rolls out national AI model to boost tech competitiveness appeared on BitcoinEthereumNews.com.
South Korea has launched a task force that includes some of its biggest companies to establish a national foundational AI model. The model will include domestic technology, as the country tries to keep pace with the U.S. and China in the AI race. Korea’s Ministry of Science and ICT (MSIT) revealed on August 4 that the country selected five consortia to develop the project. The five elite tech teams include Naver, LG AI Research, SK Telecom, NC AI, and Upstage. Seoul invests 530 billion won in its AI foundation model The government will invest roughly 530 billion won ($383 million) in the AI foundation model, which it expects will be established by 2027. 450 billion won will be allocated for GPU support, 62.8 billion won for securing AI training data, and roughly 25 billion won for talent recruitment. South Korea also plans to use 100 billion won to leverage public data from institutions, including the National Archives and the National Institute of Korean History. Another 200 billion won will be used for high-quality broadcast video datasets to support AI training. The ministry said the five consortia will be branded as “K-AI Models” and “K-AI Companies” at an upcoming kickoff ceremony. Kim Kyung-man, director of AI policy at the ministry, said the government will evaluate each team’s AI model every six months, eliminating one team at a time until only two remain by 2027. Science Minister Bae Kyung-hoon acknowledged that each team has proven its ability to develop efficient AI models. He added that the initiative is a turning point for Korea’s digital sovereignty and the future of its AI industry. The project is meant to leverage the technology that some of South Korea’s companies develop, which is crucial in the artificial intelligence sector. One of those firms, such as SK…
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