South Korea to pour billions into artificial intelligence
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South Korean President Lee Jae Myung presented a 2027 budget proposal increasing government spending by 12.8% to 820.9 trillion won ($615.62 billion). The plan includes investing 21.3 trillion won ($15.97 billion) in artificial intelligence and semiconductors, nearly doubling last year's allocation. The proposal awaits approval from parliament, where the Democratic Party of Korea holds a majority.
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