Hong Kong will build an artificial intelligence supercomputing center and set aside NT$3 billion to promote basic research on cutting-edge technologies

## Financial Secretary Paul Chan Mo-po of the Hong Kong SAR Government today released the 2023-2024 SAR Government Budget. Make budgets for digital economy, Web3, artificial intelligence, securities markets, new energy transportation, medical care and other fields.

Digitalization plays a key role in achieving high-quality development. In order to accelerate the process of promoting Hong Kong's digital economy, the Hong Kong Digital Economy Development Committee is conducting in-depth research on four major areas, including exploring the digital infrastructure needed to promote the development of the digital economy, convenient and secure cross-border data flows, and enterprise digital​

​Transformation​​, as well as human resources support.

Chan Moo-po said, “To promote the development of Hong Kong’s scientific research and artificial intelligence industry, one of the prerequisites is to have a sufficient computing power base.” To this end, the SAR government will conduct a feasibility study on the establishment of an artificial intelligence supercomputing center. , and will be completed in 2023/2024.

In addition, Chen Maobo introduced that the Internet continues to develop and evolve, and each generation of technological innovation brings new applications and opportunities, and even subverts business operation models. Cyberport has established a Web3 base at the beginning of this year, and the SAR government will allocate NT$50 million to accelerate the development of the Web3 ecosystem. Including organizing large-scale international seminars to enable industries and enterprises to better understand cutting-edge developments, promoting cross-border business cooperation, and organizing more youth workshops.

In order to further strengthen basic research in cutting-edge scientific and technological fields such as artificial intelligence and quantum technology, and better realize "from 0 to 1" basic scientific research capabilities, the SAR government has set aside 3 billion yuan to promote related construction, especially to leverage Hong Kong's As an international scientific research cooperation platform, it has the unique advantage of introducing leading scientific and technological innovation talents, scientific research teams and enterprises from the mainland and around the world to promote cross-field scientific research cooperation. ​

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