The July 2026 World Artificial Intelligence Conference report points to a brutal, irreversible turning point in global economics. When state-level forces systematically shift artificial intelligence from an “expensive frontier technology” into an affordable, universally accessible public utility, it validates a profound structural reality: the total commoditization of pure technical execution. When high-quality strategy, clean code,…
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…
Hong Kong should serve as a hub for the commercialisation of artificial intelligence and as a strategic base for mainland Chinese AI companies expanding overseas, the city’s finance chief has said, while noting the risks and challenges of the technology. Financial Secretary Paul Chan Mo-po’s comments followed a speech on Friday by Chinese President Xi…
What happened: Semiconductor stocks retreated on Friday. Memory and storage highfliers Micron Technology (MU) and Sandisk (SNDK) stocks dropped more than 2%, and Western Digital (WDC) fell more than 3%. Chipmakers, including Nvidia (NVDA), AMD (AMD), Broadcom (AVGO), Intel (INTC), and Marvell (MRVL), also moved lower. Qualcomm (QCOM) retreated as well. Among semiconductor equipment makers,…
Chinese President Xi Jinping is expected to outline an ambitious vision for China’s role in global AI governance at a forum on Friday, as Huawei showcases its most advanced AI computing cluster yet in a sign of Beijing’s drive to build a domestic alternative to U.S. technology. Xi’s attendance at the annual World Artificial Intelligence…
In his video address to the conference held in the Hong Kong Science Park, Chief Executive John Lee Ka-chiu said: “We must harness the power of AI, not just to innovate, but to build – to build more inclusive economies, more resilient communities and a more sustainable future for all.” “The Recommendations of the Central…