South Korean defense companies are ramping up investments in artificial intelligence (AI) software technology to boost unmanned warfare capabilities.
The growing role of AI-powered autonomous weapon systems in warfare, particularly highlighted by the Russia-Ukraine war, has made them decisive in determining victory or defeat. Defense firms are making strategic equity investments in AI-focused technology companies to accelerate development. Hanwha Aerospace recently invested in Shield AI, a U.S. defense technology startup specializing in AI-powered military systems. Shield AI announced on March 6 that it had raised $240 million in a new funding round and now has a valuation of $5.3 billion. Shield AI develops AI-powered software that enables drones and fighter jets to fly autonomously.
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Source: The Chosun Daily News
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