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Hong Kong AI Development Gains Momentum with HK$200 Million Boost - Fintech Hong Kong

Summary by Fintech Hong Kong
The push for Hong Kong AI development received a significant boost this week with a HK$200 million (US$25.74 million) donation from the Ng Teng Fong Charitable Foundation and Sino Group. According to the China Daily, the funding will accelerate the advancement of the city’s first homegrown AI language model, HKGAI V1, particularly in developing a mobile application for public use. The donation, announced at a ceremony held at the Central Governm…
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Hong Kong AI Development Gains Momentum with HK$200 Million Boost - Fintech Hong Kong

The push for Hong Kong AI development received a significant boost this week with a HK$200 million (US$25.74 million) donation from the Ng Teng Fong Charitable Foundation and Sino Group. According to the China Daily, the funding will accelerate the advancement of the city’s first homegrown AI language model, HKGAI V1, particularly in developing a mobile application for public use. The donation, announced at a ceremony held at the Central Governm…

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Fintech Hong Kong broke the news in on Thursday, March 13, 2025.
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