Key facts
- The Hong Kong Jockey Club will invest HK$3 billion in a new research facility.
- The facility will be located in the Northern Metropolis.
- Ten AI and biotech firms will gain early cross-border data access.
- The first building in Hong Kong's university town project is expected to be ready in months.
The Hong Kong Jockey Club is set to invest HK$3 billion in a new research facility located in the Northern Metropolis. This initiative aims to bolster advancements in artificial intelligence and biotechnology. As part of the project, ten AI and biotech firms operating within the Northern Metropolis will be granted early access to cross-border data. The development is also part of a larger university town project, with the first building anticipated to be ready within months.