| Mobile Web

Search results for Artificial Intelligence

AI & Enterprise

AI data centre special act passes National Assembly, expected to boost AI infrastructure rollout

A legal framework to support the establishment of artificial intelligence (AI) data centres has been put in place after a special act passed the National Assembly plenary session on May 7. The law provides an institutional basis for central and local governments to support building and operating AI data centres. It allows designation of special zones outside the Seoul metropolitan area and prioritises support for infrastructure costs. It also introduces consolidated permitting and certain power-related exemptions.

Crypto

Aptos to invest $50 million to expand AI-based financial infrastructure

Layer 1 blockchain Aptos said on May 7 it will carry out a $50 million co-investment as part of efforts to expand artificial intelligence-based financial infrastructure. The Aptos Foundation and Aptos Labs said they will continue developing an in-house financial platform and conducting technical research. They also plan to consider investments in companies in AI and institutional-grade asset management. The investment will cover trading infrastructure and AI, spanning existing and future investment plans.

People & Appointments

Ryu Je-myeong discusses AI cooperation with Kenya and Kosovo

Ryu Je-myeong (류제명), second vice minister at South Korea\'s Ministry of Science and ICT, held separate bilateral meetings on May 7 with John Tanui, Kenya\'s vice minister for ICT and the digital economy, and Kosovan minister for digitalisation and public administration Lulëzon Jagxhiu. They discussed cooperation in artificial intelligence and data. The Kenyan and Kosovan officials visited South Korea to attend Korea Green Innovation Day.