Singapore hopes access to advanced AI models will stem the flow of finance talent to Hong Kong, where financial firms struggle to access the latest US AI models (Financial Times)
Close relations with both US and China mean the latest AI models are easily accessible in the city-state
Singapore is hoping that access to advanced AI models will help stem the flow of finance talent to Hong Kong. According to the Financial Times, financial firms in Hong Kong struggle to access the latest US AI models. In contrast, Singapore's close relations with both the US and China mean that the latest AI models are easily accessible in the city-state.
The global AI market has been shaken up by the rise of Chinese open-weight models, which offer high performance at a lower cost. This has led businesses around the world to consider shifting away from Silicon Valley's leading providers. A new Hong Kong-based company, Antimatter, aims to capitalize on this trend with a "neo-cloud" service that helps firms switch from dominant US models to Chinese ones, allowing them to cut costs and gain greater control over their data.
Antimatter, established in Hong Kong in May, expects revenue to grow exponentially over the next two years as demand for AI increases. The company's chief marketing officer, Queenie Chan, said that many customers are seeking alternative solutions to move away from frontier models, with inquiries coming in from the Middle East and Europe, according to SCMP Tech.
Brief written by urgent.news from Techmeme, South China Morning Post, SCMP Tech — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
