Hong Kong Government Develops Comprehensive AI Strategy

The Hong Kong Government has initiated several measures to advance the development of artificial intelligence (AI) as a key industry. They have launched a $3 billion AI Subsidy Scheme to support universities and enterprises in leveraging computing power for breakthroughs. A $10 billion I&T Industry-Oriented Fund will also be established, focusing on AI and robotics. Additionally, a Hong Kong Artificial Intelligence Research and Development Institute will be established with $1 billion earmarked in the 2025-26 Budget. Collaborations with the Mainland will be enhanced through various agreements to strengthen AI development and innovation exchanges.