TVB Group said it is moving into AI computing through a framework agreement with Triton Square Limited, an affiliate of Gaw Capital Partners, to form a Hong Kong joint venture that will build and operate advanced computing facilities for AI applications. TVB will hold 51% of the ordinary voting shares and Gaw Capital 49%, with funding to come in phases from up to HK$2 billion in equity investment from Gaw Capital, project bank financing and TVB's internal resources. The company aims for Phase 1A of the first stage to start operations from the fourth quarter of 2027 with planned computing power of about 10,000 PetaFLOPS. The project will be developed at TVB's corporate campus in the Tseung Kwan O Industrial Estate and will offer subscription-based services to third-party clients and TVB group companies using equipment including GPUs (graphics processing units for AI workloads) and CPUs (central processing units for general computing). TVB also disclosed a July 15, 2026 letter of intent with a "leading global technology group" for potential subscription to the services, though the customer was not named and the arrangement remains under negotiation. The broadcaster said the push is part of its broader shift from traditional television into a diversified digital-era media company, while cautioning that both the framework agreement and the letter of intent are non-binding and still subject to approvals from relevant government authorities.