Ark Invest founder Cathie Wood will deliver the introductory lecture for El Salvador’s new Urban Centers for Welfare and Opportunities (CUBO) AI program, a government-led public education initiative.
El Salvador’s Bitcoin Office highlighted the CUBO AI program as the only public education initiative backed by top-tier industry professionals.
Cathie Wood introduces the CUBO AI program with an introductory lecture
This program seeks to give professionals and students access to university-level AI courses under the guidance of the Salvadoran government. The initiative comes after the country’s successful CUBO Bitcoin and Lightning Network developer initiative. Industry experts will deliver AI education to the public.
Cathie Wood’s participation demonstrates the global interest in El Salvador’s ambitious technology agenda.
Salvador’s Bitcoin Office shared an X post on March 23, stating: “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.”
El Salvador continues to attract cryptocurrency companies and foreign direct investment as it positions itself as a regional hub for technology and digital finance.
El Salvador is emerging as a regional tech hub through education and investment. El Salvador recently enacted a new law to regulate AI, which the country describes as a move to provide regulatory clarity for the industry. The Bitcoin Office announced the decision, noting that this aligns with President Nayib Bukele’s policy on economic liberty.
According to the announcement, the new law addresses open-source and proprietary AI systems, focusing on enabling open-source AI development. This legislative framework aims to attract AI researchers, developers, and businesses looking for a clear and supportive regulatory environment.
At the same time, El Salvador is strengthening its position as a regional hub for technology and digital finance. Its progressive policies include supportive legislation for AI and crypto, Bitcoin mining powered by geothermal energy, and integrating Bitcoin courses into public school curricula.
El Salvador gains global attention as business leaders explore tech partnerships
El Salvador has attracted the interest of business leaders, who have scheduled meetings with President Bukele to discuss innovative approaches.
Among them is Cathie Wood, who met with El Salvador President Nayib Bukele in May 2024 to discuss the future of digital assets and AI policy in Central American countries, including potential education initiatives tailored by ARK Invest.
Wood believes that the country’s agenda centered on technology could help the nation’s economy in the future.
She estimated that its GDP could increase tenfold during the next five years.
Additionally, in September 2024, Elon Musk met with President Bukele. They discussed artificial intelligence (AI) and other cutting-edge technologies.
They centered their discussion of innovation on the potential influence of new technologies on world advancement, which aligned with the country’s progressive outlook.
Musk praised Bukele’s leadership and called him an “incredible leader.” He then proposed a partnership between his companies and the Salvadoran government.
While specifics of the potential collaboration remain undisclosed, the discussions centered on leveraging AI for innovation and economic growth.
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