Hong Kong is emerging as a neutral hub connecting the technological strengths of the East and West while leveraging its strong education and financial systems to drive the next wave of artificial intelligence transformation in business, according to PwC executives.
As businesses around the world worked to move AI from isolated experiments to capabilities deployed at scale, not only to solve problems but also to unlock new revenue opportunities, Hong Kong was “well-positioned” to harness the technology’s potential, said Joe Atkinson, director of AI at PwC Global.
“Hong Kong serves as a powerful connector, bringing together capabilities from around the world to address business challenges related to industrial AI and supply chains,” he said in an interview with The Post earlier this month. “Its education system, financial institutions and business environment all play an important role in AI transformation. »
With AI promising increases in efficiency and productivity, while driving innovation, creativity and scientific discovery, the city could become a research and development hub combining the strengths of the East and West, according to Vishy Narayanan, head of digital and AI at PwC Asia Pacific, in the same interview.
Hong Kong, leveraging its proximity to mainland China and support from Beijing, has positioned itself as an international hub for AI-based innovation, said King Au King-lun, executive director of the city’s Financial Services Development Council (FSDC), who contributed to the report.