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Hong Kong to set up US$129 million R&D institute to boost tech-driven growth

04:27 Min

Hong Kong has identified artificial intelligence (AI) as one of the key sectors to drive sustainable growth. It is aligning itself to China's national development, focusing on areas such as supercomputing capabilities, data and talent in AI. The city is also seeking to support local institutions in the tech sector, pumping in US$129 million to establish a new R&D centre. May Wong reports on how Hong Kong is faring in the local AI game.

Hong Kong has identified artificial intelligence (AI) as one of the key sectors to drive sustainable growth. It is aligning itself to China's national development, focusing on areas such as supercomputing capabilities, data and talent in AI. The city is also seeking to support local institutions in the tech sector, pumping in US$129 million to establish a new R&D centre. May Wong reports on how Hong Kong is faring in the local AI game.

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