Korea invests 7.5 billion USD in metaverse and AI

The Korean Ministry of Science and ICT (MIST) has earmarked US$7.5 billion for projects including artificial intelligence (AI) and the K-metaverse virtual universe project as part of its Digital New Deal program. .

MIST said that Digital New Deal is a program of the New Deal project with the goal of focusing on developing digital technology to overcome the crises caused by the pandemic.

The New Deal project announced in July 2021 with a total investment of 48.5 billion USD will be spent on network infrastructure, developing AI and other technologies, is expected to generate 900,000 jobs by 2025.

Korea invests 7.5 billion USD in metaverse and AI

Of the $7.5 billion Digital New Deal program, 20% will go to infrastructure projects, including deploying self-driving technology on many national highways, 65% to develop projects. AI and data-driven technology projects including self-driving cars. The growth of digital services, such as distance learning and online medical appointment booking, will account for 5.6% and nearly 9% will be used to develop services in the metaverse and computing. cloud.

In February, 28.4 million USD will be used to develop a metaverse platform with Korean entertainment style (K-metaverse) cultural fonts. The government will also spend 14 million USD to produce some content related to this project.

Plans for the K-metaverse were revealed last week. Accordingly, Korea plans to develop 220 virtual space companies with total sales of 4.2 million USD and establish a metaverse academy to train 40,000 industry experts by 2026.

In addition, the “land of kimchi” will also establish programs for startups that want to enter the virtual universe and a Korean language academy on the metaverse platform to spread the culture of art. national art with foreigners and tourists.

Huong Dung(According to Register)

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