Hong Kong’s tech ambitions given major boost with AI lab funding

Hong Kong received a major boost to its technology ambitions with the launch of an AI lab jointly funded by SenseTime, which specialises in large scale facial recognition systems, and the Alibaba Hong Kong Entrepreneurs Fund. The lab will collaborate with the Hong Kong Science and Technology Parks Corporation to roll out a six-month accelerator programme starting September to nurture AI start-ups in the city. The lab will also work with corporations to connect researchers with the private sector so they can work together to find AI solutions for commercial use. The establishment of the AI Lab comes as Hong Kong’s government looks to step up innovation in technology areas like AI, biotechnology and financial technology to prevent the city from falling behind. The launch of the AI lab and accelerator programme also comes amid intensifying competition between mainland China and the United States for dominance of AI technologies, which are vital to enable an array of emerging applications from talking robots to self-driving cars.

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