South Korea will pour nearly $16 billion on artificial intelligence and semiconductors, South Korea’s President Lee Jae Myung said in his annual budget address to parliament.
“We will invest 21.3 trillion won (€14.3 billion, $15.97 billion), nearly twice this year’s amount, in AI and the three megaprojects of semiconductors, physical AI and AI data centres,” Lee said on Monday.
He added that 4.7 trillion won will be invested to bolster “frontier AI development projects, with the aim of achieving world-leading performance for our own AI model, a national strategic asset.”
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Is everyone insane?
South Korea is selling the shovels in this gold rush. Their investment is fairly rational
There is a lot of oent up demand for hardware outside the AI sector, so even if the bubble pops, SK companies will still be able to sell products. Just at reasonable margins, not the absurd AI profit levels
Semiconductor manufacturing is a great investment. The other part, is pissing money into drain
I guess it’s time to lock this person up too like they did the previous one?
