Hong Kong is making significant strides in artificial intelligence (AI) and blockchain technology by investing 1 billion Hong Kong dollars (approximately $125.5 million) to establish the Hong Kong AI Research and Development Institute. This initiative aims to enhance research and development (R&D) across various stages and expand application scenarios.
Central to this effort is Cyberport, a government-backed business hub focused on Web3, blockchain, and AI technologies. Cyberport is home to over 270 blockchain-related enterprises and more than 350 startups specializing in AI and big data R&D.
To support these advancements, Cyberport’s Artificial Intelligence Supercomputing Centre (AISC), launched on December 9, 2024, is set to expand its computing power to 3,000 petaFLOPS, capable of processing 3,000 quadrillion floating-point operations per second.
In addition to infrastructure development, Cyberport has signed numerous Memorandums of Understanding (MoUs) with universities and institutions to facilitate internship and employment opportunities for students. The Hong Kong government has also allocated an additional 3 billion Hong Kong dollars (approximately $385.6 million) to launch a three-year AI Subsidy Scheme aimed at supporting innovation in the AI sector.
These initiatives underscore Hong Kong’s commitment to positioning itself as a global leader in technological innovation, particularly in the realms of AI and blockchain technology.
