HK should prepare for AI slowdown: Algernon Yau
Secretary for Commerce and Economic Development Algernon Yau on Sunday said the development of AI could slow down, and the SAR should keep looking for new opportunities to maintain its status as an international trade centre. His remarks came as Hong Kong’s exports in September surged by nearly 65 percent over a year earlier, marking the fastest monthly year-on-year growth in more than four…
Hong Kong's Secretary for Commerce and Economic Development, Algernon Yau, has cautioned that the development of artificial intelligence (AI) may slow down in the coming years. Speaking on Sunday, Yau emphasized that Hong Kong must remain vigilant and adaptable to maintain its position as a global trade hub.
The SAR's exports in September experienced an impressive 65% increase year-on-year, marking the fastest growth in over four decades. However, Yau's remarks come amid concerns that the AI boom could potentially wane. He pointed out that the global landscape is subject to constant change and external influences, which could lead to a slowdown in AI advancements.
Yau stressed that different countries have varying perspectives on AI development, which may contribute to a gradual slowdown. In response, Hong Kong must closely monitor global trends and adjust its strategies accordingly. The minister advised the city to expand its trade network to ensure continued growth and competitiveness.
In addition to addressing potential AI challenges, Yau highlighted the upcoming Asia-Pacific Economic Cooperation (APEC) Economic Leaders Meeting in Shenzhen. The gathering aims to foster collaboration among economies in the Asia-Pacific region, with the hope that joint efforts will lead to mutual development. Yau expressed the nation's desire for regional cooperation as a key component of Hong Kong's future success.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- HK should prepare for AI slowdown: Algernon Yau news.rthk.hk
