Hong Kong’s Cyberport Boosts Investment in Web3, Blockchain, and AI
Hong Kong Invests Heavily in Web3 and AI via Cyberport Hub
The Hong Kong government has allocated 1 billion Hong Kong dollars ($125.5 million) to establish the Hong Kong AI Research and Development Institute. This move aims to "seize the critical opportunities presented by technological reform and artificial intelligence development."
Hong Kong’s Cyberport Hosts AI Summit
On February 27, Cyberport hosted the "AI Safety, Trust, and Responsibility" forum with international AI academic institutions to discuss AI governance, safety, and responsible innovation initiatives. The event brought together experts to share knowledge and best practices in AI development.
Hong Kong’s Cyberport: A Hub for Blockchain and AI
Hong Kong’s Cyberport hosts over 270 blockchain technology-related enterprises and more than 350 startups specializing in AI and big data research and development. The hub is dedicated to fostering innovation in emerging technologies.
AI Safety, Trust, and Responsibility
Yale Li, executive chairman of the World Digital Technology Academy (WDTA), highlighted the importance of "safety-native" technological frameworks, "human-oriented" value systems, and responsible innovation. The WDTA has established the "WDTA Asia-Pacific Institute" at Cyberport, focusing on AI safety, trust, and responsibility.
Streamlining AI Research and Talent Development
To fuel the growth of AI, Cyberport’s Artificial Intelligence Supercomputing Centre (AISC) will grow to a computing power of 3,000 petaFLOPS and be able to process 3,000 quadrillion floating-point operations per second. The Hong Kong government has also allocated $3 billion Hong Kong dollars ($385.6 million) to Cyberport for the launch of a three-year AI Subsidy Scheme to support innovations.
Conclusion
Hong Kong’s Cyberport is positioning itself as a global leader in the development of Web3, blockchain, and AI. With significant investments in emerging technologies, the region is creating opportunities for innovation, talent development, and growth. As the world continues to navigate the complexities of AI, Hong Kong’s efforts to prioritize safety, trust, and responsibility will be crucial in shaping the future of this rapidly evolving field.
FAQs
- What is Hong Kong’s Cyberport?
Cyberport is a government-backed business hub focused on Web3, blockchain, and AI. - What is the Hong Kong AI Research and Development Institute?
The institute is dedicated to facilitating upstream R&D, transforming midstream and downstream R&D outcomes, and expanding application scenarios. - What is the WDTA Asia-Pacific Institute?
The institute is focused on AI safety, trust, and responsibility, with three core initiatives: building a "safety-native" technological framework, establishing a "human-oriented" value system, and commitment to "responsible innovation".
