00:02you're listening to AI prism from Seoul economic daily Korea's government just
00:07became a humanoid robots biggest customer pause it's buying 250 of them
00:13next year scaling to over a thousand by 2030 meanwhile Nvidia just agreed to
00:19pay 12.9 billion dollars for an open-source AI platform and a Korean
00:24fintech app is using AI agents to renegotiate loan rates for you
00:28automatically it's Friday August 28th let's look at what this means for
00:33startups and entrepreneurs in Korea Korea's government unveiled a plan to
00:38invest 2.3 trillion won by 2030 to build a domestic humanoid robotics ecosystem
00:44using state purchases to guarantee early demand separately the National Growth
00:50Fund approved new equity and low interest financing for robotics and content
00:54startups part of 17.9 trillion won in cumulative support this year and
01:00globally Nvidia's reported acquisition of hugging face signals how open-source AI
01:04infrastructure is becoming a strategic battleground here's what the numbers
01:09show Korea's government will purchase 250 domestic humanoid robots next year
01:14rising to 1080 units by 2030 backed by 2.3 trillion won in state funding through 2030 matter-of-fact
01:23core
01:24component localization for humanoids is targeted to rise from 45% today to 80% by 2030 with 2 trillion
01:32won in private investment layered on top the National Growth Fund approved 150 billion won in equity for
01:39robotics maker Wonic Robotics and 50 billion won for CJ4DP LEX part of 17.9 trillion won in cumulative support
01:49this year
01:49Nvidia agreed to acquire open-source AI platform hugging face for 12.9 billion dollars nearly three times its 4
01:58.5 billion dollar valuation from 2023 and about 80 times its annualized revenue
02:04fintech app bank salad said AI agents cut one customer's mortgage rate by 7.21 percentage points saving 9 million
02:12300 thousand won a year succeeding in an average of 1.7 attempts
02:17AI driven rate reduction requests through bank salad more than doubled between March and July reflecting fast-growing consumer trust
02:26in agentic finance tools
02:27so what does this mean for founders and entrepreneurs earlier we said Korea's government just became a humanoid robots biggest
02:35customer here's what that actually means for you
02:38state procurement contracts worth 2.3 trillion won are creating a guaranteed early market for robotics and component startups and
02:47companies that hit the 80% localization target early will have first pick of that pipeline
02:52chuckles the hugging face deal and bank salad also show two different playbooks working right now big exits for open
03:00infrastructure plays and fast user growth for narrow AI agent fintech tools built on existing platforms
03:08that's today's AI prism founders this episode was produced with AI assistance based on soul economic daily reporting and reviewed
03:16by a human editor
03:17AI prism is a one ifra award-winning series we'll be back tomorrow you've been listening to AI prism from
03:25soul economic daily
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