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Paul Chan: Artificial Intelligence Brings Vast Opportunities but Also Risks, Key Issues Such as Ultimate Human Control Must Be Properly Addressed
Financial Secretary Paul Chan Mo-po stated that artificial intelligence is becoming a key force driving economic and social transformation. Internet connectivity is evolving from "...
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Paul Chan: Artificial Intelligence Brings Vast Opportunities but Also Risks, Key Issues Such as Ultimate Human Control Must Be Properly Addressed
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Financial Secretary Paul Chan Mo-po stated that artificial intelligence is becoming a key force driving economic and social transformation. Internet connectivity is evolving from "digital interconnection" to "intelligent interconnection," highlighting integrated data convergence and cross-platform, cross-scenario data integration as important assets for innovation and commercial development. While "digital intelligence" brings vast opportunities, AI also poses risks including algorithmic bias, cybersecurity threats, misinformation and "deepfakes." Key issues must be properly addressed, including ultimate human control over AI, data security and infrastructure resilience, as well as accountability and governance of agentic AI.

He said the government has established the "AI+ and Industry Development Strategy Committee," which he chairs, to explore how AI can empower key industries such as life and health technology and embodied intelligence. Through the "AI Training for All" programme and by attracting international talent, the initiative aims to strengthen the pool of professionals while enhancing digital literacy across society.

In addition, he noted that Hong Kong will leverage its strengths as an international financial centre with a comprehensive range of financing products to provide patient and deep capital support for frontier technology and innovative applications, assisting technology enterprises in seizing the window of opportunity in digital-intelligent transformation. (jl/w)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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