El Salvador is enhancing its technology and digital finance landscape by launching the Urban Centers for Welfare and Opportunities (CUBO) AI program.
This government initiative aims to provide university-level artificial intelligence education to students and professionals, with Cathie Wood from ARK Invest giving the inaugural lecture.
Announced on March 23 by the Bitcoin Office, this program follows the successful CUBO Bitcoin and Lightning Network developer initiative. It aims to solidify the country’s position as a tech leader by incorporating industry experts in advanced AI education.
“As El Salvador turbocharges its transformation into the ultimate tech and financial powerhouse of the region, CUBO AI will arm students and professionals in the country with the tools to dominate the AI frontier,”
the Bitcoin Office stated in a post on X.
Under President Nayib Bukele, El Salvador has embraced digital innovation by integrating Bitcoin education in schools, using geothermal energy for Bitcoin mining, and adopting pro-crypto and AI policies to attract foreign investment and tech businesses.
Cathie Wood has been a vocal supporter of Bukele’s vision. In May 2024, she met with the president to discuss the future of AI and digital assets. She expressed confidence in the country’s potential, predicting a tenfold GDP growth in the next five years if it continues its tech-driven strategy.
“The President could scale El Salvador’s GDP 10-fold during his next 5-year term,”
Wood wrote on X, commending Bukele’s forward-thinking policies.
El Salvador’s AI ambitions have also caught the attention of Elon Musk, who met with Bukele in September to discuss artificial intelligence and emerging technologies, including crypto. Musk praised the president as “an amazing leader,” fueling speculation about potential collaborations between Tesla, SpaceX, or xAI and the Salvadoran government.
Additionally, El Salvador’s Congress recently approved reforms after Bukele submitted them, aligning the country’s Bitcoin policies with the conditions of its $1.4 billion loan agreement with the IMF.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
