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South Korea sovereign wealth fund goes domestic with 20 trillion won AI bet

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2 outlets - including Defi-planet and Cryptonomist - are covering this story. South Korea will allow its sovereign wealth fund to invest in domestic industries for the first time under a new government plan aimed at boosting artificial intelligence, data centres and other strategic sectors. The government annouced Fr…

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South Korea Plans Sovereign Wealth Fund to Back AI as Digital Asset Reforms Advance
DeFi Planet Jul 31, 12:29 UTC

South Korea Plans Sovereign Wealth Fund to Back AI as Digital Asset Reforms Advance

South Korea will allow its sovereign wealth fund to invest in domestic industries for the first time under a new government plan aimed at boosting artificial intelligence, data centres and other strategic sectors. The government annouced Fr…

South Korea sovereign wealth fund goes domestic with 20 trillion won AI bet
Cryptonomist Jul 31, 08:45 UTC

South Korea sovereign wealth fund goes domestic with 20 trillion won AI bet

South Korea is making one of its most consequential bets on technology in years. The government has approved a new 20 trillion won investment account within its sovereign wealth fund, specifically targeting artificial intelligence, data cen…