Image Credits- Korea joongAng Daily
Korean companies have pledged to invest approximately 65 trillion won (about $48.9 billion) in artificial intelligence (AI) by 2027. This announcement was made during the inaugural meeting of the Presidential Committee on AI, convened by President Yoon Suk Yeol in Seoul on Thursday.
The establishment of this committee aims to streamline the nation’s AI strategies and enhance collaboration between government, academia, and industry. President Yoon emphasized the urgency of embracing AI technology, stating that it is crucial for South Korea’s future economic growth and global competitiveness.
At the meeting, representatives from major corporations outlined their plans for AI investments, highlighting a range of initiatives. These investments are expected to focus on developing advanced AI applications, improving data infrastructure, and fostering research and development in key sectors such as healthcare, manufacturing, and finance.
The commitment from these companies reflects a growing recognition of AI as a transformative technology that can drive innovation and efficiency across various industries. By investing heavily in AI, these firms aim to not only enhance their operational capabilities but also to contribute to South Korea’s goal of becoming a global leader in AI technologies.
Additionally, the move is expected to generate significant job opportunities, promoting skills development in AI and related fields. The government plans to support this endeavor through favorable policies and regulations, creating an environment conducive to rapid AI advancement.
President Yoon also highlighted the need for ethical standards and safety measures in AI development, ensuring that technological progress aligns with societal values. This holistic approach aims to address potential challenges associated with AI, including data privacy and security concerns.