$200m for AI center

Ayra Wang

Hong Kong must seize opportunities in the fast-growing field of artificial intelligence, says Financial Secretary Paul Chan Mo-po.

Chan's remarks came as Ng Teng Fong Charitable Foundation and Sino Group pledged HK$200 million to support the Hong Kong Generative AI Research and Development Center under the InnoHK Research Clusters.

"AI is not just a critical industry on its own. It's a powerful tool that can enhance and integrate deeply into various sectors," Chan said during a donation ceremony at the Central Government Offices.

He noted the central government's recent work report during the Two Sessions in Beijing, which emphasized advancing the "AI Plus" initiative and promoting widespread use of AI models. He also stressed that Hong Kong is uniquely positioned to capitalize on these opportunities with its strong research capabilities and global reputation.

"Three of our local universities are ranked among the top 25 globally in AI and data science disciplines," Chan said, adding that as a global financial hub and a magnet for talent, Hong Kong can provide robust financial and human resources to support the AI industry.

Daryl Ng Win-kong, Sino Group deputy chairman and director of Ng Teng Fong Charitable Foundation, expressed pride in supporting Hong Kong's AI ambitions, adding that the funds will help launch public dialogue services for HKGAI V1, the city's first locally developed generative AI model.

Guo Yike, Hong Kong University of Science and Technology provost and director of HKGAI, said the center will utilize the funds to improve the AI ecosystem, build high-security AI computing power and data platforms, and advance the HKGAI model for real-world applications.

Secretary for Innovation, Technology and Industry Sun Dong hailed the donation as a milestone in Hong Kong's AI development, adding that it would remain a priority despite potential budget cuts.

"In times of fiscal tightening, our support will be more focused and targeted, but we will continue to invest in critical areas such as AI," Sun said.

ayra.wang@singtaonewscorp.com