South Korea’s Lee vows to make bold AI investment in record budget push

South Korean President Lee Jae Myung vowed on Monday to make bold investments in artificial intelligence to boost the country’s economic growth potential, in an address to parliament seeking approval for next year’s budget.

“We will invest 21.3 trillion won ($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.