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Hong Kong’s tech ambitions given major boost with AI lab funding


Hong Kong received a major boost to its technology ambitions on Monday with the launch of an AI lab jointly funded by SenseTime, which specialises in large scale facial recognition systems, and the Alibaba Hong Kong Entrepreneurs Fund.

The lab, with an investment of “tens of millions of [HK] dollars”, will be fitted out with supercomputers and technology developed by Alibaba’s DAMO Academy research institute. It will collaborate with the Hong Kong Science and Technology Parks Corporation (HKSTP) to roll out a six-month accelerator programme starting September to nurture AI start-ups in the city.

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