Core Insights - The Hong Kong government is actively promoting artificial intelligence (AI) as a key driver of technological revolution and industrial transformation, establishing clear goals and measures to enhance AI development in various sectors [1][2][3] Group 1: AI Development Strategy - The government has set a clear strategy for AI development since the introduction of the "Hong Kong Innovation and Technology Development Blueprint," focusing on strengthening infrastructure and promoting application-oriented initiatives [1] - A budget of HKD 1 billion has been approved to establish the Hong Kong Artificial Intelligence Research Institute by 2026, aimed at enhancing upstream research and downstream application of AI [1] Group 2: Computing Infrastructure - The Hong Kong Cyberport AI Supercomputing Center will enhance its computing power by the end of this year to meet local demand, supported by a HKD 3 billion AI funding scheme for large-scale AI research and applications [2] - The government is also developing a data park in North District to provide advanced computing facilities, further promoting data and AI-related industries [2] Group 3: Data Supply and Cross-Border Data Flow - The government is implementing an open data policy, encouraging public and private sectors to share high-quality data, with over 5,600 datasets currently available on the "Open Data Platform" [2] - Measures have been introduced to facilitate safe and orderly cross-border data flow, promoting collaboration within the Guangdong-Hong Kong-Macao Greater Bay Area [2] Group 4: Talent Development - The government is focused on attracting international AI talent and nurturing local talent, with a HKD 3 billion "Frontier Technology Research Support Scheme" launched to attract top researchers [3] - Key initiatives for local talent development include a digital education blueprint for schools, the establishment of the Hong Kong Information Technology Institute, and various training programs related to AI [3]

Group 1 - Hong Kong government positions AI as a key industry, leveraging its status as an international data hub to foster innovation and development in AI and data within the Greater Bay Area [1] - The collaboration between Hong Kong Cyberport, Guangzhou Data Exchange, and China Unicom International aims to promote cross-border data cooperation, focusing on sectors like financial risk control, healthcare, and cross-border trade [2] - The Hong Kong government has signed a memorandum with the National Internet Information Office to facilitate cross-border data flow in the Greater Bay Area, enhancing data security and compliance [2] Group 2 - The Hong Kong government plans to establish a research institute to guide AI innovation and application, aligning with the national "AI+" strategy [3] - An open data platform provides over 5,500 datasets from various government departments and agencies, promoting transparency and innovation in data usage [3] - The Cyberport will launch the largest AI supercomputing center in Hong Kong by the end of 2024, supporting startups from R&D to market promotion [3] Group 3 - The Hong Kong government has allocated HKD 3 billion for a three-year AI funding program, with approximately HKD 300 million already granted to projects in various fields, including large language models and synthetic biology [4] - As of June 2023, over 90% of the computing power from the approved projects has been utilized, indicating strong engagement with the AI supercomputing center [4]

Group 1: AI Development in Shanghai - The Shanghai "Mosu Space" innovation ecosystem community aims to incubate the AI industry, focusing on a large model industry ecosystem [1] - The community includes five public service platforms: open data, testing and evaluation, computing power scheduling, financing services, and comprehensive services [1] - As of February 2023, the computing power scheduling platform has established partnerships with nine computing power partners and planned 30 EFLOPS of computing resources [1] Group 2: Investment Trends in AI - Tencent has restructured its mixed Yuan model R&D system, focusing on computing power, algorithms, and data [2] - The global AI IT investment and generative AI market are expected to grow rapidly, with China's investment in the AI market projected to exceed $100 billion by 2028 [2] - The global data center market is forecasted to grow from $242.72 billion in 2024 to $584.86 billion by 2032, with a CAGR of 11.6% [2] Group 3: Company Developments - Yunsai Zhili is a leading computing power company in Shanghai, owning multiple data centers [3] - Tuolisi provides training dataset sales services to major model manufacturers such as Xiaomi and Ant Group [3] - Xingchen Technology has released SoC chips suitable for AI glasses, featuring advanced ISP visual effects [4]

Group 1 - The Hong Kong Innovation and Technology Bureau is preparing to establish a HKD 10 billion "Innovation and Technology Industry Guiding Fund" to enhance market investment in strategic emerging and future industries [1] - The fund will cover five thematic areas, with each area having one or more sub-funds, which can last up to 12 years, reflecting characteristics of "patient capital" focused on long-term investment [1] - The Hong Kong government will act as a limited partner in the sub-funds, while selected fund managers will serve as general partners responsible for fundraising and managing daily operations [1] Group 2 - The Hong Kong Digital Office aims to promote nearly 180 measures across 47 departments to facilitate business operations and streamline government services, covering around 400 licenses and services [2] - The government is implementing digital government and smart city initiatives, including the use of AI and chatbots to improve public services and data analysis for enhanced service management [2] - An open data platform has made over 5,500 datasets available, covering various sectors, which can help industries develop better vertical models and innovative solutions [2] Group 3 - The "Standard Contract for Cross-Border Flow of Personal Information" has been expanded to various industries, facilitating smoother operations [3] - The establishment of the Hong Kong Artificial Intelligence Research Institute will guide and support AI innovation and application in Hong Kong [3] - The Hong Kong government is coordinating with the Guangdong-Hong Kong Information Technology Cooperation Task Force to enhance AI development and application in the Greater Bay Area [3] Group 4 - The Lok Ma Chau Loop is a significant cooperation platform in the Greater Bay Area, focusing on developing core frontier technologies, including AI, and establishing cross-border data flow management mechanisms [4]