The Hong Kong SAR government will provide over HKD 10 billion in funding for the development of artificial intelligence

According to Jin Shi, Hong Kong Chief Executive Carrie Lam attended the opening ceremony of the 16th Cross Strait and Hong Kong Macau Economic and Trade Cooperation Seminar hosted by the Chinese Manufacturers' Association of Hong Kong yesterday and delivered a speech. Li Jiachao stated that Hong Kong is actively developing the artificial intelligence industry, promoting the transformation and upgrading of traditional industries, and committed to building an international innovation and technology center. In terms of funding support, Hong Kong has launched a HKD 3 billion artificial intelligence special funding program to support local universities, research and development institutions, and enterprises in utilizing the computing power of supercomputing centers to promote scientific breakthroughs; And a "Innovation and Technology Industry Guidance Fund" with a scale of HKD 10 billion will be established to strengthen the guidance of market funds and promote the development of strategic emerging and future industries such as AI and robotics.