Hong Kong cannot be faulted for not working hard enough to catch up in the global artificial intelligence (AI) race. Government funding is flowing generously towards projects focused on AI adoption. In recent years, the government has pumped billions into building the necessary infrastructure, including HK$2.84 billion (US$364 million) for a semiconductor centre, HK$3 billion…
The legality of prediction markets in Hong Kong has been called further into question, with at least one international brokerage firm operating such a platform in the city, prompting the market regulator to say certain activities may be considered “financial products”. Lawyers were also split on whether the delineation between financial products and illegal gambling…
The global higher education landscape has shifted markedly over the past five years, with universities across Asia, particularly in Hong Kong and mainland China, climbing international rankings while more than 70 per cent of US institutions slipped, a South China Morning Post analysis has found. UK-based education data firm Quacquarelli Symonds (QS) said the trend…
Hong Kong flag carrier Cathay Pacific Airways has apologised to actor and singer Wu Chun after the star, who was featured in its recent promotional campaign, vented his frustration online at the airline’s failure to find his missing luggage despite his “countless” phone calls over three days. The incident sparked a public outcry against the…
As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Allowing all doctors without permanent residency to work in Hong Kong will not threaten the careers of…
Last week, while preparing a lecture on the visual culture of the Global South, I caught Google’s Gemini in a double hallucination. Cross-referencing a historical event between English and Chinese data sets, I found the English AI to be authoritative but inventing citations. In Chinese, the fabrications vanished but so did global context, replaced by…
Hong Kong has ranked as the second-most globally competitive economy – its best performance in seven years – climbing one spot from last year to place behind Singapore. The ranking, released by the Switzerland-based International Institute for Management Development (IMD) on Thursday, put the city ahead of 68 other economies out of 70 surveyed. Hong…
Asia-Pacific cities account for 39 per cent of the top global financial services companies and about 36 per cent of the world’s leading financial centres, Colliers said. Supported by strong labour markets and venture capital activity, cities such as Singapore, Beijing, Shanghai and Hong Kong ranked among the region’s top talent hubs. However, New York…
Hong Kong graduate Ivan Cheung has filed more than 200 job applications since March, and he is hoping that out of the dozen or so companies that have asked him to interview or take a written test, one will eventually hire him. But the data science and analytics graduate from Polytechnic University is in a…
Fintech company iCapital has more than doubled its office footprint in Hong Kong, leasing a 9,000 sq ft space in One International Finance Centre in the city’s Central business district as it staffs up to capture rising demand for wealth-management services in Asia. The US company, which opened its office in Hong Kong five years…