Path to Innovation: Hong Kong’s Potential to Emerge as a Global Hub for AI Application Development – Insights from InnoTech Forum

InnoTech Summit: Hong Kong could turn into a hub for AI application creation

The InnoTech conversation shows the measures being implemented by the government and private companies to pave the way for the growth of AI in Hong Kong.

"In Hong Kong, the government has significantly increased its subsidies, which encompass the provision of GPUs (graphics processing units) and AI data centres," stated Tseng. She proposed the establishment of a "fund of funds" to attract more investment and funnel increased market capital towards the city's emerging AI ecosystem.

Yet, the need for creative AI solutions from individuals and businesses is something that should be progressively nurtured. Tseng queried: "Are individuals prepared for a world empowered by AI? Are businesses willing to invest in such applications?"

The conversations held at the InnoTech Forum on Friday indicate the measures being implemented by both the government and private entities to establish a roadmap for AI in Hong Kong, including crucial computing systems.