SEOUL, Aug. 12 (UPI) -- South Korea's Ministry of Science and ICT shortlisted five teams this month to take charge of the sovereign AI project, also known as "AI for everyone," aimed at developing domestically built artificial intelligence models.

The selected consortia are led by the country's top portal site operator, Naver, mobile carrier SK Telecom, No. 4 conglomerate LG Group, game publisher NCSoft, and high-tech startup Upstage.

A total of 15 groups competed, but only one-hird managed to pass the first round. Included in notable losers were telecom operator KT and Kakao, which runs various mobile platform services.

"This bold challenge is only just beginning and will become the starting point for our 'AI for everyone' project," Science Minister Bae Kyung-hoon said in a statement.

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