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

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

Quick Summary:

Participants will be onboarded to a platform of an AI supercomputing centre operated by Cyberport, with technical trials expected to begin early next year.

The cohort was decided based on the innovation level, technical sophistication, expected contributions to the industry and adherence to fair-use principles in their proposals, it added.

Arthur Yuen Kwok-hang, deputy CEO of the Hong Kong Monetary Authority.