Artificial Intelligence Association of Hong Kong Set to Propel AI Innovation Across Key Industries

Founding Members from Pillar Industries and the Leaders within the AI Group
Come Collectively to Have a good time the Launch of the Association

HONG KONG, Nov. 29, 2024 /PRNewswire/ –The Artificial Intelligence Association of Hong Kong (AIHK) is happy to announce its official launch and its plans to propel Hong Kong’s AI innovation. AIHK is an impartial, industry-agnostic platform devoted to selling and advancing the event, adoption, commercialization, and use of AI throughout companies, corporates, enterprises, establishments and organizations that function in Hong Kong and past.

AIHK is based and chaired by Neil Tan, who has over 20 years of expertise in company technique, mergers & acquisitions, enterprise and partnership improvement throughout the banking, administration consulting and tech industries. Neil is at present the Managing Accomplice at Tsunami Advisors, an advisory and consulting agency devoted to serving to FinTech, Artificial Intelligence, Digital Asset, and Web3 corporations increase, develop and scale within the Asia Pacific Area. He’s additionally one of the committee members of Job Power on Selling Web3 Growth established by the Hong Kong SAR Authorities below Monetary Secretary Paul Chan.

“Our mission is evident: to place Hong Kong as a world AI innovation hub. By bringing collectively leaders from varied sectors, we are going to create a collaborative surroundings that fosters AI innovation and accelerates the adoption of the know-how to drive progress for key industries that make up Hong Kong’s financial system. The affiliation will present the right platform for enterprise leaders, know-how innovators and the general public sector to come collectively to advance the understanding, utility and use of AI for the betterment of enterprise, {industry} and society,” mentioned Neil Tan, Founder & Chairman of AIHK on the launch ceremony. 

AIHK’s Founding Members embrace C-Suites and senior executives from distinguished organizations together with AXA Hong Kong and Macau, Cathay Pacific, Clifford Probability, Chow Sang Sang, DBS Financial institution, HKT, Li & Fung, Prudential Hong Kong, PwC HK, Normal Chartered, Tessellation and Towngas to identify just a few. Founding Members symbolize key sectors in Hong Kong together with the patron, power, finance, insurance coverage, authorized, logistics, manufacturing, retail, telecom, and transport sectors, and all of them have roles and obligations for driving the AI technique and execution inside their respective organizations.

AIHK’s Mission and Imaginative and prescient

AIHK was arrange with the objective to foster a vibrant AI ecosystem and higher place Hong Kong as a number one AI innovation hub. AIHK’s mission is to assist companies and organizations harness the potential and energy of AI, align with worldwide requirements and introduce new AI-related use instances and functions to increase productiveness, effectivity and competitiveness throughout the important thing industries in Hong Kong.

The 4 pillars of AIHK’s technique consists of:

1. Coverage & Governance
   AIHK will actively interact with policymakers to affect and form AI laws that influence companies in Hong Kong, making certain that the pursuits of its members are represented. The affiliation will advocate for strong company governance frameworks that promote moral and accountable AI use throughout all sectors.
2. Ecosystem & Group
   AIHK goals to foster a vibrant ecosystem that helps collaboration amongst companies, researchers, and authorities entities, enhancing the general AI panorama in Hong Kong. By constructing a powerful neighborhood, AIHK will facilitate networking alternatives that encourage the sharing of finest practices, use instances and revolutionary functions.
3. Collaboration & Partnership
   AIHK will function a catalyst for collaboration amongst {industry} professionals, main researchers, and international specialists to drive joint initiatives that deal with frequent challenges in AI implementation. By strategic partnerships, the affiliation will improve data alternate and promote the event of AI applied sciences that profit the broader neighborhood.
4. Data & Schooling
   AIHK will work intently with its members and exterior companions to present academic assets that hold stakeholders and the broader ecosystem knowledgeable about {industry} traits and developments in AI. By providing workshops, seminars, and knowledge-sharing periods, AIHK will empower its members to improve their abilities and understanding of accountable AI practices.

   By embracing a cross-sector, cross-function, and cross-industry method, AIHK believes that various views will drive innovation and progress within the AI {industry}.  

Calling on Trade Leaders and Members of the AI Group

Whether or not it is a person who desires to contribute to Hong Kong‘ AI improvement, firms which are wanting in direction of digital transformation, or Small to Medium-sized Enterprises (SMEs) and startup ventures wanting to AI to scale their enterprise and operations, AIHK welcomes {industry} leaders and company members of the AI neighborhood to take part. AIHK will give attention to rising its community, members’ experience and technical know-how to assist form totally different industries and collectively, advance the event, adoption, commercialization, and use of AI throughout Hong Kong and past.

AIHK membership will present members with unique networking alternatives, entry to AIHK-organized occasions, on-demand webinars, contribution to {industry} whitepapers, reductions to workshops and seminars, in addition to co-marketing and thought management alternatives.

A phrase from AIHK’s Company Founding Members

Dominic Maffei, Head of Digital Property & Fintech, Hong Kong, at Normal Chartered, remarked, “AI-driven improvements will not be simply traits; they’re important for staying aggressive within the evolving monetary panorama. Incorporating AI into operations permits companies to predict market traits and improve effectivity.”

Natasha Cheng, Director of Tessellation Group, mentioned, “AI accelerates design and prototyping course of, optimizes provide chains with correct demand forecasting, automates manufacturing for effectivity, enhances high quality management by picture recognition, permits mass customization, and provides insights into client conduct – finally saving prices and time for a extra agile future.”

Queenie Chan, Normal Supervisor of Enterprise Analytics & e-Growth at Towngas, mentioned, “Artificial intelligence is about to revolutionize the power sector by enhancing operational effectivity and optimizing buyer engagement methods. The institution of the Artificial Intelligence Association of Hong Kong is a vital initiative that may drive innovation and collaboration throughout industries, positioning Hong Kong as a world chief in AI developments.”

Rocky Mui, Accomplice at Clifford Probability, highlighted the significance of regulation and mentioned, “The choices made by regulators within the coming months and years about how to regulate AI might be essential to the AI innovation panorama in Hong Kong and past. AI regulation ought to promote agility, innovation and readability for companies, but in addition transparency, accountability, and equity, making certain that AI programs are designed and deployed in a fashion that aligns with moral requirements and societal values. Collaboration between regulators and {industry} might be key to making certain that now we have a accountable AI coverage that strikes the correct stability between fostering innovation and safeguarding stakeholders.”

Sam Lim, Chief Data Expertise Officer of Prudential Hong Kong, said, “Artificial Intelligence is revolutionizing the insurance coverage {industry}. Our unwavering dedication to Al functions ensures that we persistently ship worth and safety to our clients.”

About AIHK
The Artificial Intelligence Association of Hong Kong (AIHK) is a non-profit affiliation devoted to selling and advancing the event, adoption, commercialization, and use of AI throughout companies, corporates, enterprises, establishments and organizations. The mission of AIHK is to propel and place Hong Kong as a world AI innovation hub by bringing collectively leaders from varied sectors, making a collaborative surroundings that fosters AI innovation and accelerating the adoption of the know-how to drive progress for key industries that make up Hong Kong’s financial system.

For extra info, please go to LinkedIn web page or electronic mail [email protected]. 

Appendix

Listing of Founding Members by alphabetical order:
 (Company Founding Members are designated with *)

SOURCE The Artificial Intelligence Association of Hong Kong