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Kakao Group to set up \'Kakao AI Sail\' with four science and technology institutes, using 50 billion won fund

Kakao Group will set up a new body, dubbed \'Kakao AI Sail\', with four national science and technology institutes to foster regional artificial intelligence talent and companies. The group signed an MOU in Daejeon on Monday with KAIST, GIST, DGIST and UNIST in the presence of Science and ICT Minister Bae Kyung-hoon. The initiative will use a 50 billion won AI development fund announced in September and aims to build AI ecosystems outside the Seoul area and promote industrialisation.