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HKMA picks 10 banks, 4 tech firms as Hong Kong evaluates commercial benefits of GenAI

The Hong Kong Monetary Authority has picked 10 banks and four technology partners to test more than a dozen use…

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Tech

Hong Kong issues generative AI guidelines to banks to avoid bias against consumers

Hong Kong’s de facto central bank is urging financial institutions in the city to follow a new set of guidelines…

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Tech

Hong Kong’s video gaming sector to get a boost from growing adoption of GenAI

“We have seen the trend that users are more willing to interact with AI, which means virtual characters are an…

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Tech

HKMA, Cyberport collaborate on GenAI sandbox to foster adoption in city’s banking industry

The HKMA did not specify the eligible requirements for the GenAI sandbox and its application process, but said these details…

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Tech

Byte-sized bandits: AI is levelling-up scammers but also helping Hongkongers fight back

Details of the deal began to unravel fast. Friends reached out on WeChat, the Chinese messaging platform owned by Tencent…

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New Business

AI giant iFlytek to invest HK$400 million in Hong Kong, opens international headquarters

“Our initial budget is HK$400 million,” iFlytek senior vice-president Duan Dawei told the South China Morning Post at the opening…

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Tech

Hong Kong blockchain gaming firm Animoca sets sights on recovery after listless 2023

Animoca said its cash and stablecoin balance declined to US$175 million at the end of 2023, from US$194 million as…

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