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John Lee Announces Setup of HKD10B Innovation & Tech Industry-Oriented Fund to Promote AI & Robotics Industry Development
Hong Kong Chief Executive John Lee announced today (6th) the establishment of a HKD10 billion Innovation and Technology Industry-Oriented Fund (ITIF) to strengthen the guidance of ...
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Hong Kong Chief Executive John Lee announced today (6th) the establishment of a HKD10 billion Innovation and Technology Industry-Oriented Fund (ITIF) to strengthen the guidance of market capital and promote the development of strategic emerging and future industries such as artificial intelligence and robotics.

Besides, Hong Kong earmarked HKD1 billion to establish the Hong Kong AI Research and Development Institute to facilitate upstream research and development, midstream and downstream transformation of results, and the exploration of application scenarios in artificial intelligence.

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