According to the Yonhap News Agency, South Korea’s ICT department said on Tuesday that South Korea will invest 2.2 trillion won (about 13 billion yuan) in the next five years to develop core artificial intelligence (AI) technology to become a global giant in the field by 2022. .
According to the plan announced by the Ministry of Science and Information and Communication, the Korean government will take the lead in formulating a national artificial intelligence plan including R&D to join the ranks of world powers.
According to Chang Byung-gyu, chairman of the Presidential Committee of the Fourth Industrial Revolution in South Korea, “The government believes that by joining hands with private companies, acquiring core technologies of artificial intelligence will not only meet global standards, but will eventually produce talent and produce high-quality work. Our goal is to enter the top four in the world by 2022."
The South Korean government stated that its goal is to develop technologies that rival those of its peers under the leadership of the United States and China, and ultimately reduce their reliance on them.
South Korean officials said the department will take the lead in large-scale artificial intelligence projects in defense, medicine and security. The government will conduct a detailed study in the first half of this year to decide whether to launch an artificial intelligence chip research and development project worth 1 trillion won.
The department said that artificial intelligence-based processors have enormous potential for application in various deep learning technologies, such as neural network computing.
The department will further allocate budgets for brain science development and research, which is considered the foundation of the next generation of artificial intelligence technologies, including machine learning and neural networks.
The South Korean government said it also realized the need to work with cutting-edge companies and companies in the field to research cutting-edge technologies.
The division said that the global artificial intelligence market is expected to reach $52.2 billion in 2021, up from $7.81 billion in 2016.
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