Hong Kong police have recorded 150 WhatsApp account hijacking cases in the past two weeks, with total losses exceeding HK$26 million (US$3.31 million), including one in which a victim was scammed out of HK$10 million by fraudsters impersonating his father. In a social media post on Wednesday, the force’s Cyberdefender platform warned residents against “blindly”…
Hong Kong’s export surge will extend into the coming months, driven by the global AI boom, economists have told the South China Morning Post, adding that GDP growth could surpass official forecasts. Billy Mak Sui-choi, an associate professor at Baptist University’s department of accountancy, economics and finance, said global demand for artificial intelligence (AI) remained…
Hong Kong exports rose 53.4 per cent year on year in June, their sharpest increase in 42 years, to a record HK$641.1 billion on strong overseas demand for AI-related products. Provisional figures released by the Census and Statistics Department on Monday showed that the total value of exports climbed to HK$641.1 billion (US$81.7 billion) last…
Beijing-based AI startup Moonshot has targeted a US$50 billion valuation ahead of a potential Hong Kong initial public offering this year. (Reuters pic) BEIJING: Moonshot AI is poised to make its Kimi K3 model available for public download, expanding its reach and influence in the global open software community at a time of growing US…
When Zhou Yuxiang, founder and CEO of Shanghai-headquartered Black Lake Technologies, wanted to sell his artificial intelligence (AI) automation solutions to millions of family-run factories across China, he came up with an unconventional strategy: hiring food delivery workers to make sales. His entire sales team, hired from various industrial cities, survived a gruelling five-day boot…
Salary growth for Hong Kong degree graduates slowed to a five-year low in 2025, with average annual earnings rising by just 2 per cent and sitting at HK$28,000 (US$3,570) a month as underemployment hit a record high. According to the data, the average annual salary of degree graduates stood at HK$336,000. The figure represented an…
Adelina (fourth from right) takes part in the AI+ course during the summer exchange program at the Finland Campus of Hebei University of Technology. [Photo provided to Chinadaily.com.cn] After wrapping up a three-month exchange program at the Finland Campus of Hebei University of Technology, I, alongside peers from nine other nations, including Finland, Egypt, Pakistan…
Officials talking about artificial intelligence (AI) often speak in terms of the next industrial revolution or existential risks. Such rhetoric ultimately does little to capture how AI filters into the ordinary workings of a city like Hong Kong. The geopolitics of AI are no longer abstract. They are beginning to shape who can use which…
Before dawn on August 5, 1914, hours after Britain declared war on Germany, a British cable ship, the Alert, slipped out to sea on a secret mission. Her orders were to drag the floor of the English Channel for Germany’s five overseas telegraph cables and cut them all. She succeeded. Submarine cables carry over 95%…
US officials alleged that Chinese AI startup Moonshot AI distilled Anthropic’s most advanced Fable model to develop its K3 model. (Reuters pic) WASHINGTON: A top White House official on Wednesday accused Chinese AI startup Moonshot AI of covertly copying Anthropic’s most advanced model to build its Kimi K3. Michael Kratsios, director of the White House…