The market realignment over the past week starkly captures the self-defeating logic of America’s technology containment strategy. The momentum began on June 15, when the shares of Chinese artificial intelligence pioneer Zhipu AI, which trade in Hong Kong under Knowledge Atlas Technology, surged by 48 per cent intraday after it announced the open-source release of…
The Hong Kong Science and Technology Park (HKSTP) and SenseTime, a Chinese artificial intelligence firm headquartered and listed in the city, have partnered to build a home-grown AI data centre by 2030 to support the sector’s industrialisation. The data centre will be built in three stages, with phase one expected for completion by the end…
A mainland Chinese firm has secured the tender to build a supercomputing centre in Hong Kong’s Northern Metropolis as the sole bidder, agreeing to pay a premium of HK$581 million (US$74.25 million) and boost the city’s computing power 36-fold. Unveiling details of the plan on Monday, Secretary for Innovation, Technology and Industry Sun Dong said…
Financial Secretary Paul Chan Mo-po responds to media members during a news conference about the 2026-27 Budget at the government headquarters in Admiralty on Feb 25, 2026. (ANDY CHONG / CHINA DAILY) Hong Kong needs more enterprises adept at leveraging artificial intelligence, as well as in the financial and professional services sectors, with deeper expertise…
Hong Kong will establish the first national manufacturing innovation centre outside mainland China and a high-level steering committee to spearhead AI development, the finance chief has said, as the city seeks to align with the country’s 15th five-year plan. Financial Secretary Paul Chan Mo-po also unveiled a citywide artificial intelligence (AI) literacy drive in Wednesday’s…
Hong Kong is betting big on innovation, artificial intelligence and redoubling its focus on its international financial centre role as it aligns its economic future with the country’s development goals, the financial secretary has said while unveiling a budget allocating billions of dollars to these sectors. Paul Chan Mo-po on Wednesday spotlighted the development of…