national AI policy AI News & Updates
South Korea Invests $390 Million in Domestic AI Companies to Challenge OpenAI and Google
South Korea has launched a ₩530 billion ($390 million) sovereign AI initiative, funding five local companies to develop large-scale foundational models that can compete with global AI giants. The government will review progress every six months and narrow the field to two frontrunners, with companies like LG AI Research, SK Telecom, Naver Cloud, and Upstage developing Korean-language optimized models.
Skynet Chance (+0.01%): Government-backed AI development increases the number of powerful AI systems being developed globally, though the focus on national control and data sovereignty suggests more regulated development rather than uncontrolled AI advancement.
Skynet Date (+0 days): The substantial government funding and competitive multi-company approach may slightly accelerate AI capabilities development, particularly in non-English languages, adding to the global pace of AI advancement.
AGI Progress (+0.01%): This initiative represents significant new investment and competition in foundational AI models, with multiple companies developing sophisticated LLMs that perform competitively with frontier models, indicating meaningful progress toward more capable AI systems.
AGI Date (+0 days): The $390 million government investment and competitive framework among five companies likely accelerates AI development timelines, as increased funding and competition typically speed up technological progress toward AGI.