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Sun Dong: HK Govt Proposes 'Combo Strategy' to Bolster AI Industry Layout
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Hong Kong Secretary for Innovation, Technology and Industry, Sun Dong, stated that the current administration has prioritized industrial development, with the groundwork for the AI sector largely established over the past two and a half years, positioning it as a potential engine for Hong Kong’s future economy, reported Ming Pao. The government has introduced a "combo strategy" to support the AI industry layout, covering computing power, algorithms, data, funding, and talent. Sun revealed that the next critical step is to empower various industries with AI to drive development. While mainland companies have launched diverse AI applications, Hong Kong faces "shortcomings" that need strengthening, particularly the need for more AI-driven enterprises to establish a presence in the city, he commented. Although approximately 800 AI-related companies are currently based in the Science Park and Cyberport, Sun noted this is insufficient, expressing hopes to attract more AI firms. Furthermore, he emphasized the importance of government collaboration with industries and businesses, citing mainland examples like TENCENT (00700.HK), BABA-W (09988.HK) and DeepSeek as leaders in AI application development. Sun affirmed that the Hong Kong government will provide corresponding policy support to encourage enterprises to advance AI industry applications. AAStocks Financial News |
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