Hong Kong will press on with Northern Metropolis project and push for development of AI, finance chief Paul Chan pledges at Post budget forum.

Artificial intelligence will be at the heart of the government's efforts to turn the city into an Innovation and Technology (I&T) and science centre

Hong Kong said on Wednesday that it is setting aside $127.67 million to create an artificial intelligence research institute that will conduct research and development.

Finance chief eyes new revenue sources while freezing pay for public servants, cutting civil service positions, reducing education spending.

Technology and innovation chief Sun Dong on Sunday said policies related to artificial intelligence (AI) mentioned in last month's budget show the

BEIJING: As artificial intelligence rapidly transforms the global economic landscape, Hong Kong must and is ready to harness technological innovation to fuel its growth, Financial Secretary Paul Chan Mo-po said in the Sunday blog.

Artificial intelligence is helping improve trading efficiency, however, a balance with cost efficiency is crucial for financial institutions to stay competitive.

Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit.

Hong Kong plans a 7% cut in public spending and a major AI investment to tackle economic challenges. Financial Secretary Paul Chan emphasizes fiscal consolidation and growth projections amidst geopolitical tensions.

Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, geopolitical tensions and a weak property market.

Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, geopolitical tensions and a weak property market.