The Hong Kong Trade Development Council (HKTDC) helped the Chinese University of Hong Kong (CUHK) reach a research agreement with AI Medical Service (AIM) – a Japanese medical start-up which develops artificial intelligence (AI) endoscopic diagnostic technology – to accelerate development, promote it in Hong Kong and enhance clinical application in other Asian economies.
ChatGPT, developed by OpenAI, an artificial intelligence (AI) research and development company, can quickly generate clear text content by learning and understanding reams of language data and can even actively write stories. As AI technology advances exponentially, it is inevitable that the industry will worry about whether traditional jobs will be replaced by AI in the near future.
Leaders in the key Gulf states of Saudi Arabia and the United Arab Emirates (UAE) enthusiastically welcomed the 30-strong Hong Kong delegation led by Chief Executive Mr John Lee and organised by the Hong Kong Trade Development Council (HKTDC), underlining the city’s role to connect them with the world.
In a fast-changing world the Middle East has become an economic hot-spot with many fast-growing economies which are rapidly diversifying beyond their traditional reliance on energy exports.
The 25th Beijing-Hong Kong Economic Cooperation Symposium late last year was themed "Integrating into the new pattern, creating a new chapter in cooperation" and was held in hybrid online-physical mode letting participants join without leaving their own cities.
As global financial woes blunt overseas markets, Hong Kong firms are looking to Mainland China, and especially the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), but are faced with several challenges, a survey shows.
As the world enters a new era of technologies such as the Internet of Things (IoT) and fifth-generation (5G) telecoms, the microelectronics and semiconductor industries are developing rapidly. Tiny integrated circuits, known as chiplets, are now expected to gradually replace chips to meet market demand.
The Hong Kong Trade Development Council (HKTDC) Export Index increased a further 1.9 points to 32.8 in the third quarter this year, indicating a sustained improvement in confidence in the short-term export performance. However, exporters face downward pressure on prices, with the Trade Value Index falling 11.5 points to 40.2.
Geopolitical changes and the COVID-19 pandemic have drawn many manufacturers back to Hong Kong or led them to diversify risk by setting up production lines in other parts of Asia. This trend has boosted demand for supplies of production equipment.