HSBC to open Hong Kong AI institute following Singapore launch

The bank is rolling out AI training for its entire global workforce of about 200,000 people

HSBC is establishing an artificial intelligence and emerging technology institute in Hong Kong, following a similar launch in Singapore. The city's largest bank announced plans to roll out AI training for its entire global workforce of approximately 200,000 employees in the first quarter of 2027, according to CEO Georges Elhedery.

The new institute will collaborate with the Hong Kong University of Science and Technology as its primary academic partner. The bank intends to relocate the center to Hong Kong's Northern Metropolis once the site there is prepared. This initiative is part of HSBC's broader AI transformation strategy as banks worldwide reduce staff due to AI-driven changes.

Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 3 other outlets

HSBC to open Hong Kong AI Institute following Singapore launch investing.com
HSBC to open Hong Kong AI Institute following Singapore launch channelnewsasia.com
HSBC to open Hong Kong AI Institute following Singapore launch economictimes.indiatimes.com

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