Hong Kong's AI strategy criticized for narrow focus and unrealistic goals

Hong Kong's government is pouring unprecedented tax dollars into AI development, but a critical opinion piece argues the city's approach lacks a broader vision and sets unrealistic goals. The city cannot outspend Silicon Valley or outscale Shenzhen, yet it is focusing almost exclusively on AI at the expense of a wider innovation and technology ecosystem. A key project aims to provide computing power for AI, but doubts persist about its commercial viability due to the differential between mainland Chinese and Hong Kong electricity charges. In the US, Goldman Sachs raised its estimate of AI investment to $800 billion by the end of the year, dwarfing Hong Kong's spending. The piece concludes that Hong Kong needs a more realistic strategy that leverages its unique strengths rather than trying to compete on scale.