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South Korea sharply raises budget for supercomputer amid global AI competition

( November 5, 2024, 05:00 GMT | Official Statement) -- MLex Summary: South Korea’s science ministry has decided to increase the budget for a project to purchase a new supercomputer system by more than 50 percent after failing to acquire it, primarily due to rising costs amid a global competition for artificial intelligence development. The budget for the project, which aims to acquire a system with computing power of 600 petaflops, has been raised to 448.3 billion won ($325.02 million) from the previous 292.9 billion won, according to the Ministry of Science and ICT. The new system is now scheduled to begin operations in early 2026, delayed from the previous plan for early 2025.The statement, in Korean, is attached....

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