Lee announces $16B AI investment in 2027 budget
1 Nov 1 · 9d ago · 3 articles · 2 sources · development 1 of 1
South Korea's President Lee Jae Myung presented a record-breaking budget proposal for 2027 to parliament, allocating 21.3 trillion won ($15.97 billion) to AI and semiconductors—nearly double the current year's amount. The proposal includes 4.7 trillion won specifically for frontier AI development projects aimed at creating a world-leading national AI model.
“We will invest 21.3 trillion won (€14.3 billion, $15.97 billion), nearly twice this year's amount, in AI and the three megaprojects of semiconductors, physical AI and AI data centres.”
President Lee Jae Myung
Lee Jae Myung President of South KoreaDemocratic Party of Korea (DPK) Ruling party in parliament
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2 outlets South Korea to pour billions into AI
first by Deutsche Welle EN, 9d ago · also Reuters
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