South Korea to invest $7 billion in AI by 2027
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South Korea plans to invest $7 billion in artificial intelligence (AI) by 2027 to become a global leader in cutting-edge semiconductors. The country aims to lead the world in AI chips, which are crucial for the semiconductor industry. The investment will be used to develop AI and AI semiconductor fields, and a separate fund will be set up to support the growth of innovative AI semiconductor companies. South Korea is home to Samsung and SK Hynix, the world's top two makers of memory chips. The country is competing with other nations, including the US and Japan, to boost domestic chip production and reduce reliance on Western technology. Semiconductors are South Korea's leading export, with semiconductor exports in March reaching $11.7 billion, the highest level in almost two years.

#SouthKorea #Ai #ArtificialIntelligence #Semiconductors #Investment

https://www.legit.ng/business-economy/technology/1587134-south-korea-invest-7-billion-ai-by-2027/