Hong Kong Business News

The Government today announced the appointments of members to the Committee of the Artificial Intelligence Subsidy Scheme for a three-year term from August 15.

To promote the development of the local artificial intelligence (AI) ecosystem, the Government has allocated $3 billion for the launch of a three-year AI Subsidy Scheme to support local universities, research institutes, enterprises and more in leveraging the computing power of Cyberport's AI Supercomputing Centre (AISC).

The subsidy will also be used to strengthen the cybersecurity and data protection of the AISC, and organise promotional and educational activities to attract Mainland and overseas AI experts, enterprises and research and development projects to come to Hong Kong.

The committee is appointed by the Secretary for Innovation, Technology & Industry. It comprises members from the information technology, AI, public administration, industry and commercial sectors.

It will advise on the general directions, administration and mode of operation of the AI Subsidy Scheme, and vet eligible applications for the AISC computing power subsidies, including the specific amount, duration and conditions of use.

Click here for the membership list.

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