- Hong Kong has allocated HK$1 billion ($125.5 million) to establish an AI Research and Development Institute as part of its expanded technology investment.
- Cyberport, Hong Kong’s government-backed technology hub, currently hosts over 270 blockchain enterprises and 350 AI and big data startups.
- The Artificial Intelligence Supercomputing Centre at Cyberport will be upgraded to process 3,000 quadrillion floating-point operations per second.
Hong Kong is intensifying its commitment to blockchain and artificial intelligence through significant investments in its government-backed technology hub. The Chinese Special Administrative Region’s latest budget reveals substantial funding aimed at positioning Hong Kong as a global leader in emerging technologies, with Cyberport serving as the centerpiece of this digital transformation strategy.
Cyberport, which currently houses more than 270 blockchain-related companies and over 350 startups focused on AI and big data, recently hosted an “AI Safety, Trust, and Responsibility” forum on February 27. The event brought together international academic institutions to explore frameworks for AI governance and ethical innovation.
This forum followed the announcement of Hong Kong’s 2025-26 budget on February 26, which explicitly prioritized technological advancement, with Financial Secretary Paul Chan Mo-po allocating HK$1 billion ($125.5a million) for a new Hong Kong AI Research and Development Institute.
The institute aims to connect various stages of technological innovation, from initial research through development and practical implementation. Supporting this initiative, Cyberport’s Artificial Intelligence Supercomputing Centre (AISC), which began operations in December 2024, will undergo a significant upgrade to reach a processing capacity of 3,000 petaFLOPS—equivalent to performing 3,000 quadrillion calculations per second.
During the AI forum, the World Digital Technology Academy (WDTA) announced plans to establish its Asia-Pacific Institute at Cyberport. Yale Li, WDTA’s executive chairman, outlined the institute’s fundamental principles, focusing on creating “safety-native” technology frameworks, establishing human-centered value systems, and promoting responsible innovation practices.
To develop talent in these emerging fields, Cyberport has formalized partnerships with numerous universities through Memorandums of Understanding that create pathways for student internships and employment. Further supporting this ecosystem, the Hong Kong government has committed HK$3 billion ($385.6 million) to Cyberport for a three-year AI Subsidy Scheme designed to accelerate innovation in the territory.
These investments align with Hong Kong’s broader strategy to establish itself as a hub for Web3, blockchain, and AI technologies, building on the territory’s strengths in financial services while expanding into high-growth digital sectors.
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