nature: It is not immediately clear whether the cash represents new funding, or had been previously allocated to AI efforts. by Mark Zastrow
'But it does include the founding of a high-profile, public–private research centre with participation from several Korean conglomerates, including Samsung, LG Electronics and Hyundai Motor, as well as the technology firm Naver, based near Seoul.
'The timing of the announcement indicates the impact in South Korea of AlphaGo, which two days earlier wrapped up a 4–1 victory over grandmaster Lee Sedol in an exhibition match in Seoul. The feat was hailed as a milestone for AI research. But it also shocked the Korean public, stoking widespread concern over the capabilities of AI, as well as a spate of newspaper headlines worrying that South Korea was falling behind in a crucial growth industry.
'South Korean President Park Geun-hye has also announced the formation of a council that will provide recommendations to overhaul the nation’s research and development process to enhance productivity. In her 17 March speech, she emphasized that “artificial intelligence can be a blessing for human society” and called it “the fourth industrial revolution”. She added, “Above all, Korean society is ironically lucky, that thanks to the AlphaGo shock, we have learned the importance of AI before it is too late.”'