Hong Kong launches a HKD 3 billion AI special fund and a HKD 10 billion innovation and technology fund to accelerate the development of an international innovation and technology center.
On June 7, it was reported that Hong Kong SAR Chief Executive John Lee attended the opening ceremony of the 16th Cross-Strait, Hong Kong and Macao Economic and Trade Cooperation Seminar hosted by the Chinese Manufacturers' Association of Hong Kong yesterday and delivered a speech. Mr Lee said that Hong Kong is actively developing the artificial intelligence industry, promoting the transformation and upgrading of traditional industries, and is committed to building an international innovation and technology hub. In terms of financial support, Hong Kong has launched a HK$3 billion Artificial Intelligence Funding Scheme to subsidise local institutions, R&D institutions and enterprises in Hong Kong to use the computing power of supercomputing centres to promote scientific research breakthroughs. It will also set up a HK$10 billion "I&T Industry Guidance Fund" to strengthen the guidance of market funds and promote the development of strategic emerging and future industries such as AI and robotics.
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Hong Kong launches a HKD 3 billion AI special fund and a HKD 10 billion innovation and technology fund to accelerate the development of an international innovation and technology center.
On June 7, it was reported that Hong Kong SAR Chief Executive John Lee attended the opening ceremony of the 16th Cross-Strait, Hong Kong and Macao Economic and Trade Cooperation Seminar hosted by the Chinese Manufacturers' Association of Hong Kong yesterday and delivered a speech. Mr Lee said that Hong Kong is actively developing the artificial intelligence industry, promoting the transformation and upgrading of traditional industries, and is committed to building an international innovation and technology hub. In terms of financial support, Hong Kong has launched a HK$3 billion Artificial Intelligence Funding Scheme to subsidise local institutions, R&D institutions and enterprises in Hong Kong to use the computing power of supercomputing centres to promote scientific research breakthroughs. It will also set up a HK$10 billion "I&T Industry Guidance Fund" to strengthen the guidance of market funds and promote the development of strategic emerging and future industries such as AI and robotics.