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President Yoon Urges Big Investments in Super-Giant AI

Duri by Duri
PUBLISHED: September 13, 2023 UPDATED: September 13, 2023
in AI, government, Tech Investment
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President Yoon Urges Big Investments in Super-Giant AI

President Yoon Suk Yeol has urged businesses to invest in the “super-giant AI” sector for the profound implications for national security. He emphasized that numerous Korean companies are progressively unveiling their own significant AI innovations. Similar efforts are expected from both the public and private sectors to take Korea’s “super-giant AI” onto the global stage.

On the 13th, President Yoon Seok-yeol stated, “We will demonstrate substantial interest in and extend support to super-large AI enterprises, facilitating the development and advancement of Korea’s artificial intelligence (AI) and digital domains, alongside all the industries interconnected with them.”

As President Yoon explained, Super-giant AI encompasses artificial intelligence with the capacity to assimilate extensive data for making comprehensive assessments and inferences akin to human cognition. Notably, ChatGPT, the language model-based chatbot created by Open AI, exemplifies the utilization of such advanced AI technology.

President Yoon made these remarks during his leadership of the 20th Emergency Economic and Livelihood Meeting and the ‘Korea’s Giant AI Leap’ conference hosted at the Blue House guesthouse.

This meeting convened to create collaboration between the public and private sectors, with a shared objective of enhancing AI competitiveness and strengthening reliability.

President Yoon emphasized the profound impact of such AI, not only on the development of forward and backward linkages encompassing semiconductors, data, and platform services but also on national security. 

He highlighted that while government support serves as a catalyst for companies to start audacious investments and endeavors, the private sector’s investments and determination ultimately determine the outcome of the super-giant AI competition. 

President Yoon also emphasized the importance of AI regulation, acknowledging the immediacy and borderless nature of digital technology connectivity, and promised to establish a universal digital order.

Similarly, President Yoon has focused on using AI and digital technology effectively while mitigating its potential misuse and negative consequences, including the prevalent global concern of fake news propagation. 

He stated that fake news, disseminated at the speed of light through AI and digital technology, can pose a significant threat to liberal democracy and the market economy founded upon democratic principles. 

The assembly convened a diverse group, including representatives from Korea’s prime AI enterprises, enterprising young founders of AI-related startups, AI experts, college and graduate students specializing in AI, and officials from the government, the ruling People Power Party, and the presidential office. 

Before the meeting, President Yoon explored a range of AI services showcased by domestic companies, including utilizing large-scale language models (LLM) for report generation, visual assistance services catering to individuals with disabilities, and innovative cosmetic packaging design solutions. 

During the meeting, participating companies pledged to start AI endeavors in the age of digital exploration. Their commitments included:

  • Venturing into the global market through open innovation.
  • Expanding collaborative research and investment efforts.
  • Instituting voluntary AI safety protocols.
  • Adhering to international standards.

“The government must provide a lot of material support,” he said, citing plans to establish an AI-focused high school in the southwestern city of Gwangju and channel government investment into large data clouds.

Read more from KoreaTechToday: 

  • Samsung Unveils 2024 Generative AI Roadmap for Home Appliances
  • Pan-Pan Day Ignites Global Ambitions for Startups in Pangyo Techno Valley
  • Samsung Electronics Enters Food Tech with ‘Samsung Food’ AI Nutrition Platform
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