Moonshot AI eyes Hong Kong IPO after $50b valuation
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Hong Kong has launched a four-phase plan to harness artificial intelligence (AI) as a tool rather than a threat, addressing concerns about job losses due to automation. Permanent Secretary for Innovation, Technology and Industry Kevin Choi Kit-ming emphasized that the city's workforce could leverage AI for enhanced productivity and new opportunities.
The government is investing heavily in AI, aiming to improve digital literacy across the population, not merely shield young professionals. Choi pointed out that 70% of Hongkongers were already proficient users, and 20% were considered "super users," deploying AI agents for daily tasks. The first phase of the "talent ladder" strategy focuses on removing barriers to AI adoption by reducing costs and increasing accessibility.
Subsequent steps include training employees to become innovators through advanced education and collaboration between academia and industry, creating synergies between research and business, and establishing a policy-friendly environment for innovation. Chief Executive John Lee Ka-chiu highlighted Hong Kong's strategic position in the global AI race, noting the city's potential for future growth, especially with the Northern Metropolis megaproject.
Lee also announced internship programs to connect young talent with industry leaders, particularly in STEM fields, ensuring Hong Kong remains a hotspot for career development and global opportunities.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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