South Korea Lends Tanzania $170m for AI Institute, Its First AI Project Under the EDCF

South Korea has approved a $170 million concessional loan to build an AI and digital technology institute in Tanzania — its first artificial intelligence project under the Economic Development Cooperation Fund, and by some margin the largest AI capacity investment Tanzania has secured. The institute will offer training in artificial intelligence, robotics, data analytics and Internet of Things technologies, according to South Korea’s Ministry of Economy and Finance.