SINGAPORE: Singapore and South Korea on Monday (Mar 2) launched an artificial intelligence alliance, with Seoul pledging to establish a US$300 million (S$382 million) global fund here by 2030 to support joint AI development.

Visiting South Korean President Lee Jae Myung announced the Korea-Singapore AI alliance at the Korea-Singapore AI Connect Summit held at Shangri-La as part of his three-day visit to Singapore.

The summit was convened to bring together diverse perspectives from future AI leaders of both countries to jointly take the lead in the global AI market, the office of the Secretary to the President for Foreign Press Affairs, South Korea, said in a press release.

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