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Telecommunications & Media
South Korea to hold public hearing on Global AI Hub site selection on Oct. 14
South Korea will begin procedures to select a site for a planned Global AI Hub that the government aims to open in 2027. The Ministry of Science and ICT said a support team for the Global AI Hub Promotion Committee will hold a public hearing at 10 a.m. on Oct. 14 at the Government Sejong Convention Center. The event will explain site selection criteria, evaluation procedures and future schedules and include a Q&A session.
AI & Enterprise
ADB to invest $50 billion in pan-Asian power grid by 2035
The Asian Development Bank plans to invest $50 billion by 2035 to build a pan-Asian power grid to meet rising electricity demand from the spread of AI. It also proposed an additional $20 billion for digital infrastructure, taking the total to $70 billion for energy and telecommunications projects. The plan aims to link national grids, expand renewable energy trade, improve power access, cut emissions and create jobs.
AI & Enterprise
South Korea declares \'global AI hub\' vision with nine international organisations
South Korea announced a \'Global AI Hub\' vision with nine major international organisations and released a joint statement on May 21. The initiative aims to use artificial intelligence to address shared global challenges including climate crisis, health, food and refugees. The government held a launch event in Seoul with the organisations and five multilateral development banks. Participants plan working groups, phased implementation plans and ongoing communication channels.
