Naver is working on a global artificial intelligence (AI) research belt with the United States and China competing to take the lead in the AI industry.
According to global consulting firm McKinsey, AI technology is expected to increase the global GDP by 1.2 percent and generate an economic effect of US$13 trillion until 2030. Under the circumstances, an increasing number of countries are concentrating their resources for AI industry growth. The United States issued an administrative order to that end in February this year and China has focused on the development of autonomous driving technology, smart city and smart healthcare platforms, and the like since 2017. At present, more than 2,000 and 1,000 AI companies are found in the United States and China, respectively.
On the other hand, South Korea is still in its early stage of AI technology R&D. South Korean AI startups have yet to join market research firm CB Insights’ list of the world’s top 100 AI startups.
The purpose of Naver’s AI research belt is to create a technology network between Europe and Asia from South Korea, Japan, France and Vietnam. “Scholars, startups and institutions will be able to create synergy and train future experts in that belt and AI technology comparable to those of the United States and China will be created in that belt in the long term,” Naver explained, adding, “We will work with more and more colleges there and the belt will continue to expand to cover more regions.”
The project will be officially launched at the AI for Robotics workshop, which is scheduled for Nov. 28 and 29 at Naver Labs Europe in Grenoble, France. There, 11 renowned AI and robotics scholars will discuss the future of robot technology to be developed by AI.