South Korea announced that it would invest 1 trillion won ($863 million) into AI (Artificial Intelligence) research for the next 5 years, as a response to Google DeepMind’s AlphaGo beating Go champion Lee Se-dol 4-1.

The defeat began a new stage for not only the advancement for AI but the recognition that AI isn’t a far off futuristic vision, its something that’s changing our lives and our world today. AlphaGo proved its capabilities and now has convinced South Korea that AI is a real investment that it needs to research on. Originally there were plans to begin AI development in 2017 but now plans have changed.

On March 17th the South Korean President Park Geun-hye stated that AI could be a good thing, it would be the fourth revolution, and announced the research and development will be overseen by a council.

Science Ministry Kim Yong-Soo stated that while the exact date is not yet determined it is underway and the institute that oversees it will be located in Pangyo.