Ah, behold the illustrious Cyberport of Hong Kong! A veritable treasure trove of government-backed aspirations, where dreams of Web3, blockchain, and artificial intelligence frolic like children in a summer meadow. The city, in its infinite wisdom, has decided to pour a staggering $125 million into this bubbling cauldron of emerging technologies, all in a bid to don the crown of global tech supremacy. 👑
On the 27th of February, a grand gathering took place at Cyberport, aptly named the “AI Safety, Trust, and Responsibility” forum. Here, esteemed international AI scholars convened to discuss the weighty matters of governance, safety, and the ever-elusive concept of responsible innovation. One can only imagine the fervor with which they debated! 🤔
With over 270 blockchain enterprises and more than 350 startups dedicated to the arcane arts of AI and big data, Cyberport is a bustling hive of activity. It’s as if a swarm of bees has taken up residence, buzzing about with ideas and innovations. 🐝
But wait! Just a day prior, on the 26th of February, the Hong Kong government unveiled its 2025–26 budget, which, in a stroke of genius, decided to focus on emerging technologies. The aim? To “seize the critical opportunities presented by technological reform and artificial intelligence development.” One can only hope they don’t seize too hard! 😅
Hong Kong invests heavily in Web3 and AI via the Cyberport hub
In a move that would make even the most seasoned investor raise an eyebrow, the Chinese Special Administrative Region allocated a cool 1 billion Hong Kong dollars (or $125.5 million, for those counting in dollars) to establish the Hong Kong AI Research and Development Institute. Financial Secretary Paul Chan Mo-po, in a speech that surely echoed through the halls of power, announced this grand initiative.
This institute, a beacon of hope for the technologically inclined, is dedicated to “facilitating upstream R&D, transforming midstream and downstream R&D outcomes, and expanding application scenarios.” Quite the mouthful, isn’t it? 🍽️
To further fuel this technological renaissance, Cyberport’s Artificial Intelligence Supercomputing Centre (AISC), which made its grand debut on December 9, 2024, is set to expand its computing power to a staggering 3,000 petaFLOPS. That’s 3,000 quadrillion floating-point operations per second! One can only wonder if it will also brew coffee while it’s at it. ☕
Streamlining AI research and talent development
In a delightful twist, one of the co-organizers of the AI forum, the World Digital Technology Academy (WDTA), announced the establishment of the “WDTA Asia-Pacific Institute (preparatory)” at Cyberport. A name so grand, it could rival the titles of Russian novels! 📚
Yale Li, the executive chairman of WDTA, highlighted the institute’s three core initiatives: building a “safety-native” technological framework, establishing a “human-oriented” value system, and a commitment to “responsible innovation.” One can only hope they remember to include a “common sense” initiative as well! 😜
Cyberport has also signed numerous Memorandums of Understanding (MoUs) with universities and institutions, ensuring that students have ample opportunities for internships and employment. Lastly, the Hong Kong government has allocated a whopping $3 billion Hong Kong dollars ($385.6 million) to Cyberport for the launch of a three-year AI Subsidy Scheme. Because who doesn’t love a good subsidy? 💸
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2025-02-28 12:16