Digital Hub: Budget supports Hong Kong's innovation and technology acceleration, seizing the key window of AI and technological transformation.

14:17 27/02/2025

Cyberport stated that it welcomes the numerous forward-looking strategies and specific measures proposed in the Budget, which continue to support the accelerated development of Hong Kong's innovation and technology sector. It emphasizes seizing the key opportunities for artificial intelligence and technological transformation, with a focus on technology innovation as the core, to accelerate economic development and strengthen the local innovation and technology ecosystem in Hong Kong. It actively promotes Hong Kong's development as an international innovation and technology hub.

Cyberport welcomes the forward-looking strategies and specific measures proposed in the Budget, continuing to support the acceleration of Hong Kong's innovation and technology development, seizing the crucial window of artificial intelligence and technological transformation. With technology innovation as its core, Cyberport is fully committed to accelerating economic development, strengthening the local innovation and technology ecosystem in Hong Kong, and actively promoting Hong Kong's development into an international innovation and technology center. Joseph Chan, Chairman of Cyberport, stated that the Budget sets the stage for Hong Kong's future, with technology innovation at its core, strengthening the new economic drivers. Despite facing fiscal pressures, the Hong Kong SAR Government has not reduced its support for the innovation and technology industry, consolidating the development of the innovation and technology ecosystem from upstream to downstream, with various plans gradually being implemented and widely benefiting the industry. Cyberport's Artificial Intelligence Supercomputing Center was put into service at the end of last year, and through the AI funding program, five R&D projects have been approved. As Hong Kong's flagship for digital technology and AI accelerator, Cyberport will actively cooperate with the development strategies of the Hong Kong SAR Government, using the Artificial Intelligence Supercomputing Center as the engine to drive the AI ecosystem, enhancing Hong Kong's R&D capabilities in various research and application areas, attracting startups and research talents from both domestically and internationally to Hong Kong, leveraging Hong Kong's strengths in basic research and internationalization to achieve the vision of an international hub for artificial intelligence and innovation technology.

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