South Korea Invests US$860M in AI

Source: Nature, Mar 2016

Scrambling to respond to the success of Google DeepMind’s world-beating Go program AlphaGo, South Korea announced on 17 March that it would invest $863 million (1 trillion won) in artificial-intelligence (AI) research over the next five years. The commitment includes an already-budgeted 138.8 billion won for 2016; if the rest is spread evenly over the following four years, it represents a 55% increase in annual funding for AI.

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