South Korea targets world-leading sovereign AI model in record budget
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South Korean President Lee Jae Myung unveiled a 2027 budget of 820.9 trillion won, representing a 12.8% increase. The plan allocates 21.3 trillion won for semiconductors, physical AI, and data centers, alongside 4.7 trillion won to develop a sovereign AI model. The IMF forecasts 3.3% economic growth for the country in 2026.
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