HSBC WILL OPEN HONG KONG AI INSTITUTE FOLLOWING SINGAPORE LAUNCH

HSBC is setting up an ‌artificial intelligence and emerging technology institute in Hong Kong, as the city's largest bank steps up its AI push following a similar launch in Singapore earlier this year.

The bank aims to launch the institute in the first quarter ​of 2027, Chief Executive Georges Elhedery said at Hong Kong's Fintech Week event on Monday. The ​AI unit will work with Hong Kong University of Science and Technology as ⁠its anchor academic partner, Elhedery said, though he did not disclose headcount details.

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