Hong Kong allocates $383 million for Cyberport AI scheme
The program intends to help local universities, research institutes, and businesses use the AI Supercomputing Center’s computing capabilities.
The Hong Kong government has decided to allocate HK$3 billion ($383 million) to the Cyberport business park for a three-year artificial intelligence (AI) subsidy scheme, according to Paul Chan, Hong Kong’s financial secretary.
The statement was made during the 2024 budget announcement on Wednesday, Feb. 28. The program intends to help local universities, research institutes, and businesses utilize the AI Supercomputing Centre’s computing capabilities.
Chan emphasized the importance of AI in driving technological and industrial transformation, boosting Hong Kong’s digital economy. Besides aiding local entities, the subsidy will boost cybersecurity and data protection at the center. It aims to attract global AI experts, enterprises, and research projects to Hong Kong.
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