![]() Naver said it has been eager to develop localised AI applications for countries with political sensitivities in the Middle East as well as for non-English speaking countries and regions, such as Japan and Southeast Asia. "In order for Korean companies to have strength in the global AI ecosystem, each company must first secure specialised technology for vertical AI," or AI designed and optimised for specific uses, said LG AI Research chief Kyunghoon Bae. The companies are seeking ways to tap niche or specialised markets that have not yet been addressed by big tech in the United States or China. South Korea is one of few countries that has developed its own foundation models for artificial intelligence in a field dominated by the United States and China, thanks to local tech companies such as Naver (035420.KS), Kakao (035720.KS), and LG (003550.KS). ![]() In February, a parliament committee passed an AI draft law that guarantees freedom to release AI products and services, and will only restrict them if regulators deem any product to be harming the lives, safety, and rights of people. Seoul-based analysts said those rules are seen as less restrictive than the EU's. South Korea has new AI regulations awaiting full parliamentary approval. "Because the pace of technology development is so fast, international standards to prevent side effects associated with ChatGPT must also be prepared with speed," Yoon told Altman, the presidential office said. ![]() The European Union is moving ahead with its draft AI Act, which is expected to become law this year, while the United States is leaning toward adapting existing laws for AI rather than creating new legislation. The rapid development and popularity of generative AI since Microsoft Corp (MSFT.O)-backed OpenAI launched ChatGPT last year is spurring lawmakers globally to formulate laws to address safety concerns linked to the technology. "People are focused on not stifling innovation, and that any regulatory framework has got to make sure that the benefits of this technology come to the world," Altman said earlier on Friday as he met with about 100 South Korean startups. The CEO suggested South Korea should focus on chips as both system semiconductors and memory chips are needed for AI, reduce corporate regulations to foster AI projects, as well as work towards setting international standards, South Korea's presidential office said. “After paying back the loan, buying ingredients, paying my staff and rent, my profits are zero.SEOUL, June 9 (Reuters) - ChatGPT-maker OpenAI's CEO Sam Altman, who met with South Korean President Yoon Suk Yeol on Friday, urged South Korea to play a leading role in creating international AI standards as well as focusing on making the chips needed for the technology.Īltman, after crisscrossing Europe last month meeting lawmakers and national leaders to discuss AI's prospects and threats, has travelled this week to Israel, Jordan, Qatar, United Arab Emirates, India and South Korea. “On average, in a month, I don’t make any money at all,” Park says with a sigh. Park admits that running a chicken restaurant is not as easy as he thought it would be. He already owned a sign-making business, but he needed more money to pay for his children’s after-school tutoring - a huge expense for most Korean families. It’s one of 50 chicken places in his district. Park Shi-kyung, 45, took out a $150,000 loan to open a franchise restaurant three years ago. The result is a sticky, juicy fried chicken that is. Jeong adds that entrepreneurs continue to open chicken franchises because of the low initial investment and overhead costs, even if they have no experience in the food industry or don't know how to cook. Korean fried chicken is celebrated for its crispness and sweet, lacquered sauces like a spicy yangnyeom or a sweet, garlicky dakgangjeong. She says that has a lot to do with why South Koreans eat so much fried chicken today - suddenly there were just so many of these restaurants. “A lot of these middle-aged men opened chicken franchises at that time,” she says.
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