South Korea Plans $3.5 Billion Frontier AI Project Starting Next Year

South Korea plans to launch a state-backed frontier AI project in 2027, with a proposed investment of 4.7 trillion won, or about $3.48 billion. The government expects to select participants through an open application and evaluation process, with private companies matching public investment. Proposed spending includes funding for 10,000 Nvidia Vera Rubin GPUs and AI training data. The project will run alongside the country’s existing foundation-model competition, which will continue with a stronger focus on industry-specific applications