South Korea is making a major investment in its AI chip industry, committing $642 million (826.2 billion won) to the cause through 2030. This comes as the country looks to capitalize on the global demand for next-generation AI chips and be a key player in this space.
The money will be invested in companies working on advanced AI technology, including those that specialize in natural language processing (NLP), computer vision, robotics, and autonomous driving systems. The government also said it would create an “AI Chip Industry Promotion Center” that will provide support for businesses developing new products or services related to these technologies.
This move follows South Korea’s recent interest in ChatGPT – an open-source NLP platform developed by Kakao Brain – which has become increasingly popular among developers looking for more efficient ways of building conversational applications such as chatbots and virtual assistants. By investing heavily in its own chip industry, South Korea hopes to stay ahead of the curve when it comes to emerging trends like ChatGPT while creating jobs within its own economy at the same time..
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