South Korean President Advocates for Major AI Investment in Budget Address

Reported about 7 hours ago

In a recent budget speech, South Korean President Lee Jae Myung called for a significant increase in government funding for artificial intelligence projects, proposing to triple the AI-related budget to 10.1 trillion won ($6.9 billion). He emphasized the urgent need to strengthen the country's AI infrastructure and capabilities to ensure national competitiveness amid global changes. Additionally, Lee proposed an 8.2% boost in defense spending to enhance military modernization and reduce reliance on the United States. The speech, however, faced a boycott from conservative lawmakers amid political tensions.

Source: YAHOO

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