S. Korea to embrace innovation without red tape to become world leader in AI

they say we’re living through an AI
revolution which self learning algorithms are transforming virtually
every industry and gradually our everyday lives
that’s why countries around the world are seeing AI as a strategic asset for
their development Korea’s announced a new ten year strategy for AI that are
also young has the details South Korea plans to overhaul its
precautionary policies on new technologies to become a global
powerhouse and artificial intelligence with AI semiconductors at the forefront
of that drive the government on Tuesday revered its ten-year national strategy
for AI development focusing on three areas first in order to build a sturdy
AI ecosystem the government aims to nurture core technology such as AI chips
that can support other innovations over the next decade it will invest 863
million u.s. dollars into next-generation semiconductors and
strengthen basic research and machine learning algorithms and cognitive
science to encourage startups and new ventures the government will expand
funding for small and medium businesses in particular dishing out 4.2 billion
dollars in 2020 alone it will also build an AI hub in the southern city of Kandra
by 2024 and make all administrative data open to the public to encourage the
creation of new services such as bike sharing platforms to support such
ventures the government says it will lay out a comprehensive road map next year
supporting innovation without the need for regulatory permission beforehand and
move that appears to heat years of criticism towards its strict policies on
new technologies the country will also reform its education system to help its
citizens retrain and acquire relevant skill sets from making AI related
courses mandatory in schools to expanding relevant programs at
universities and creating specialized graduate courses professors from next
year will also be permitted to work in private businesses to maximize knowledge
sharing and synergy and R&D and all members of the public will have greater
access to online courses related to AI Korea also aims to safeguard citizens
from the potential fallout from AI technology it will expand social
insurance schemes and establish a national employment system to respond to
the changing nature of jobs and employment condition
also a iaith achill standards will be adopted to protect people’s privacy
safety and rights in the digital society planning to roll out artificial
intelligence across all sectors and industries from smart factories and
farms to bio health and military technology the government expects AI to
grow the economy by almost 400 billion dollars by the year 2030 Oh Sooyoung
Arirang news

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