South Korea plans to develop $3.5 billion frontier AI model starting next year

South Korea plans to launch a 4.7 trillion won ($3.5 billion) programme to develop a frontier AI model from March 2027, the science ministry said, as Seoul seeks to compete in the race to build cutting-edge artificial intelligence.

Here are some details:

The Ministry of Science and ICT plans to select a lead developer through a competitive tender after parliament approves the 2027 budget in December, with the winner potentially chosen as early as February, it said.