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Hong Kong Launches $3.8 Million AI Funding Program to Boost Supercomputing Research

The initiative, announced by Chief Executive John Lee, aims to enhance local institutions' capabilities in AI and supercomputing resources.

Summary

Hong Kong's Chief Executive John Lee unveiled a HK$3 billion funding program for AI, aimed at assisting local institutions and enterprises in utilizing supercomputing resources. This initiative was announced at a trade seminar and is part of a broader strategy to develop the region's AI industry. Additionally, a HK$10 billion Innovation and Technology Industry Fund will be established to attract market investment in strategic emerging industries like AI and robotics.

Terms & Concepts
  • supercomputing: High-performance computing systems used for complex simulations and data analysis, enabling significant advancements in research.
  • Innovation and Technology Industry Fund: A financial initiative aimed at attracting investment in emerging industries, particularly in technology sectors like AI and robotics.
  • AI funding program: A government initiative providing financial resources to support the development and application of artificial intelligence technologies.