Hong Kong authorities expect the occupancy rate at the new innovation and technology (I&T) hub co-developed by the city and Shenzhen to hit 90 per cent in the first quarter of this year, a target previously set for the end of 2025. Kevin Choi Kit-ming, permanent secretary for innovation, technology and industry, said on Saturday…
Hong Kong-based accounting firms plan to continue expanding their workforce in 2026, hoping to attract newly minted accountants, even as the industry steps up the adoption of artificial intelligence, according to industry players. “We do not believe AI is a replacement for humans, and we have not seen any reduction in hiring in the past…
Four fintech industry organisations from Hong Kong and mainland China have formalised a strategic partnership aimed at deepening collaboration and integration across the Greater Bay Area and the wider fintech sector. Regional cooperation The agreement brings together the FinTech Association of Hong Kong, the Zhongguancun Fintech Industry Development Alliance from Beijing, the Shenzhen Fintech Association,…
Elon Musk’s artificial intelligence company, xAI, has laid off around 500 employees from its data annotation team, according to a report by Business Insider. The move, communicated late on Friday evening, affects workers who were responsible for training the company’s generative AI chatbot, Grok. xAI lays off 500 data annotation staff As per the report,…