HKSTP Leads Seven Pioneering Park Companies to Showcase Innovative AI Solutions at WAIC 2024

The Hong Kong Science and Technology Parks Corporation (HKSTP) leads seven pioneering companies to exhibit at the world’s leading AI summit, the 2024 World AI Conference & High-Level Meeting on Global AI Governance (WAIC), held in Shanghai from 4 to 7 July. Collaborating with the Hong Kong Trade Development Council and Cyberport, HKSTP showcases Hong Kong’s homegrown AI innovations at the Hong Kong Pavilion under the theme “Intelligence Converges, Connecting the World”. The Pavilion showcases the city’s unique and market-ready AI innovation, each tailored to different sectors, including an AI computer vision solution that supports the Hong Kong Fire Services Department in search and rescue operations, robotics, and metaverse content creation platforms. These cutting-edge exhibits successfully captured global attention and enhance Hong Kong’s significant role in shaping the global AI landscape.

Chinese Premier Li Qiang officiated the event at the opening ceremony. He proposed several key recommendations. First, nations must collaborate to facilitate the cross-border flow of data and the exchange of talent, thereby collectively ensuring the security and stability of our industrial and supply chains. Second, it is essential for all stakeholders to work together to create a fair and open environment for the development of artificial intelligence, particularly to aid developing nations in enhancing their capabilities. Third, we must endeavour to establish comprehensive international mechanisms that will develop and enforce globally accepted governance frameworks and standards.”

In anticipation of this AI era, HKSTP has established a supercomputing centre at the Tseung Kwan O InnoPark, which is expected to commence operations in the second half of this year. Alongside the Data Technology Hub (DT Hub) and the state-of-the-art Digital Service Hub, these facilities are designed to foster the development of AI and reinforce Hong Kong’s position as an international hub for innovation and technology (I&T).

Mr Albert Wong, CEO of HKSTP, said, “We are delighted to feature Hong Kong’s vibrant, homegrown AI innovations on the worldwide arena. These seven pioneering companies are demonstrating innovative technologies that have the potential to create a significant global impact. As Hong Kong’s largest innovation and technology ecosystem, HKSTP remains dedicated to nurturing startups and providing extensive support to accelerate AI development. This reinforces our commitment to advancing Hong Kong’s digital economy and AI capabilities in going global, underscoring Hong Kong’s position as an international leader in AI and smart city development.”

AI as a pivotal driver of the new industrial revolution and plays a key role in advancing Hong Kong’s digital economy. According to the World Competitiveness Yearbook 2024 published by the International Institute for Management Development (IMD), Hong Kong ranks 5th among 67 economies globally. The ranking reflects that Hong Kong is an ideal launchpad for I&T companies to go global, while attracting top talents and driving the development of AI.

HKSTP is actively leading local startups onto the international stage. Since the beginning of this year, its Innovation Mixer initiative has been facilitating the participation of companies based in the Science Park in several prominent global exhibitions, including CES 2024 in the USA, Mobile World Congress (MWC 2024) in Spain, and London Tech Week in the UK. In August of this year, the Corporation will lead numerous startups to Bangkok, Thailand, to participate in the Techsauce Global Summit, Southeast Asia’s most prominent showcase for innovation and technology. This initiative aims to open global markets and expand investor networks for startups, thereby enhancing the development of Hong Kong’s I&T ecosystems.

Shanghai serves as a pivotal platform for showcasing AI technology, both within China and around the globe. This year, the WAIC is co-hosted by the Ministry of Foreign Affairs, the National Development and Reform Commission, the Ministry of Education, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Cyberspace Administration of China, the Chinese Academy of Sciences, the China Association for Science and Technology, and the Shanghai Municipal Government.

The theme for this year’s exhibition, ‘Governing AI for Good and for All,’ aims to foster collaborative discussions and improved governance through AI, and includes a series of conferences, exhibitions, award competitions, and intelligent experiences. The event has set new records in terms of scale, number of participants, product launches, and exhibit quantities. WAIC brings together top enterprises and research talent, offering startups invaluable opportunities to enhance business cooperation and exchanges both locally and internationally, making it an exemplary platform for demonstrating Hong Kong’s research prowess.