Data hub goal for AI institute

Cheng Wong

Secretary for Innovation, Technology and Industry Sun Dong hopes the new AI Research and Development Institute will help turn Hong Kong into a "data hub."

During a radio program yesterday, Sun said that artificial intelligence will reshape human life and drive high-quality development.

"Despite facing severe challenges in public finances, the SAR government is determined to implement measures in AI, reflecting its responsibility for future high-quality development," he said.

Sun noted the government will continue to advance AI initiatives, expanding applications within the government and in sectors like finance, healthcare and education.

According to the Budget 2025/26 announced last week, the government has allocated HK$1 billion for the Hong Kong AI R&D Institute, which is expected to begin operations as early as next year. Sun expressed his hope that the institute will facilitate breakthroughs in algorithms and technology, promote data sharing - including cross-border data flow with the mainland - and introduce international data, ultimately transforming Hong Kong into a "data hub."

He also emphasized the need to promote new industrial development alongside helping traditional industries transform.

He said the government has approved the first application under the New Industrialisation Acceleration Scheme, which supports the establishment of new smart production facilities.

Last year, Hong Kong's number of startups reached 4,700, reflecting over 10 percent growth. This demonstrated the local business environment's attractiveness, Sun said, suggesting that more talent will come to the city for development.

cheng.wong@singtaonewscorp.com