Hong Kong Science Park and AI firm SenseTime are collaborating to build a local AI data centre by 2030, with phase one completion by year-end and a goal of 40,000 petaflops. Meanwhile, HSBC is partnering with Google Cloud to expand its AI capabilities, aiming to implement 200 new AI-driven tasks within two years. Each of HSBC's AI projects is projected to generate over $100 million in revenue or efficiency gains.
The Hong Kong Science Park (HKSTP) is partnering with AI company SenseTime to develop a domestic AI data centre, with a target completion date of 2030. This initiative is designed to bolster the industrialization of Hong Kong's AI sector. The first phase of the data centre is anticipated to be finished by the end of the current year. By 2030, the facility aims to achieve a processing capacity of 40,000 petaflops.
In parallel, HSBC is enhancing its artificial intelligence capabilities through a strategic partnership with Google Cloud. This collaboration is set to facilitate the implementation of approximately 200 additional AI-driven tasks across the bank's global operations within the next two years. HSBC projects that each of these AI initiatives will result in substantial financial benefits, estimating that each project will yield over $100 million in either revenue generation or efficiency improvements.
The Hong Kong Science Park (HKSTP) is partnering with AI company SenseTime to develop a domestic AI data centre, with a target completion date of 2030. This initiative is designed to bolster the industrialization of Hong Kong's AI sector. The first phase of the data centre is anticipated to be finished by the end of the current year. By 2030, the facility aims to achieve a processing capacity of 40,000 petaflops.