Artificial intelligence set to drive the next wave of global industrial revolution

The mainland and Hong Kong can both benefit from collaborating in talent and developments in artificial intelligence, officials said.

In July last year, the State Council issued a plan that set benchmarks for the nation's AI sector, with the value of core AI industries predicted to exceed 1 trillion yuan ($147 billion) by 2030.

This year, the Hong Kong government's budget included HK$40 billion ($5 billion) for the Hong Kong Science and Technology Park. A further HK$10 billion was earmarked to establish two technology research clusters to focus on healthcare technology and AI.