Lee Jae Myung and Nvidia CEO Discuss AI Partnerships at APEC Summit

South Korean President Lee Jae Myung meets with Nvidia CEO Jensen Huang to discuss new AI partnerships, as the U.S. chipmaker announces collaborations with South Korean firms at the APEC summit.

AI and Economic Growth on the Agenda

President Lee Jae Myung and Jensen Huang, the CEO of leading AI chipmaker Nvidia, hold a pivotal meeting at the APEC (Asia-Pacific Economic Cooperation) summit. The discussions center around leveraging AI to address demographic challenges and drive economic growth in South Korea.

New Collaborations Announced

Nvidia reveals new partnerships with several South Korean companies, aimed at advancing AI research and development. These collaborations are expected to boost South Korea's position in the global AI market and enhance its technological capabilities.

The partnerships include joint projects in AI-driven healthcare, smart city initiatives, and autonomous vehicle technology. These efforts are part of a broader strategy to harness AI for societal benefits and economic competitiveness.

Addressing Demographic Challenges

One of the key focuses of the meeting is the use of AI to tackle demographic issues, such as an aging population and declining birth rates. President Lee emphasizes the importance of AI in improving healthcare, enhancing productivity, and creating new job opportunities.

"AI has the potential to transform our society and economy," President Lee states. "By collaborating with industry leaders like Nvidia, we can accelerate innovation and ensure that our citizens benefit from these advancements."

Industry Context and Implications

The collaboration between South Korea and Nvidia comes at a time when AI is increasingly seen as a critical driver of economic growth and technological progress. South Korea, known for its advanced tech industry, aims to become a global leader in AI by 2030.

Experts predict that the new partnerships will not only boost South Korea's AI capabilities but also create a ripple effect across the Asia-Pacific region, fostering further innovation and cooperation.

References

• South Korea's Lee hopes to tackle AI and demographic issues at APEC summit | Reuters