0
Wireless

South Korea, private sector spearhead AI with new centre

Wednesday 23 March 2016 | 11:22 CET | News
The South Korean government said it will put KRW 1 trillion into the artificial intelligence industry by 2020, Yonhap reported, adding that Samsung, LG, SKT, KT, Naver and Hyundai Motor will all join the initiative, with each planning to invest around KRW 3 billion of its own money. The government will also support the civilian-led establishment of a high-profile research centre, tasked with serving as a pivot for the nation's research and development in the field. The ministry said that once private companies set up the research institute, it will provide financial support for core R&D

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Hyundai / KT / LG / Samsung
Countries: Korea, Republic of
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

KT acquires 10% stake in Hyundai Robotics for KRW 50 billion

Published 18 Jun 2020 12:18 CET | Korea, Republic of
South Korean operator KT has signed a cooperation agreement and investment contracts with Hyundai Robotics. The two partners plan ...

Naver to invest KRW 500 bln in tech, content business

Published 23 Nov 2016 09:26 CET | Korea, Republic of
South Korean internet portal operator Naver will invest KRW 500 billion (approximately USD 425 million) in boosting its ...

Samsung to acquire artificial intelligence platform Viv

Published 06 Oct 2016 09:53 CET | World
Samsung Electronics has agreed to acquire Viv Labs. Viv has developed an open artificial intelligence (AI) platform that enables ...

Korea govt creates KRW 40 bln fund for VR, AR sector

Published 07 Sep 2016 07:10 CET | Korea, Republic of
The South Korean government will create a special fund of KRW 40 billion (approximately USD 34.5 million) to boost the virtual ...

Nvidia launches programme to support AI innovation

Published 09 Jun 2016 12:41 CET | World
Nvidia unveiled a global programme to support the innovation and growth of start-ups that are driving new breakthroughs in ...