HSBC to Double Hong Kong AI Team to 300, Surpassing Singapore Hub
On Thursday, HSBC revealed plans to increase its artificial intelligence specialist team in Hong Kong to 300 members, effectively doubling its current size. This number far surpasses the staffing goals set for its newly unveiled AI center in Singapore. This decision comes in light of concerns raised by regulators in Hong Kong regarding the Singapore facility. Additionally, HSBC intends to establish the Hong Kong AI Institute in the coming year. Notably, HSBC holds the title of the largest lender in Hong Kong.
Key facts
- HSBC announced on Thursday it will double its AI specialist team in Hong Kong to 300.
- The Hong Kong AI team will be much larger than the workforce planned for HSBC's recently announced AI centre in Singapore.
- The announcement comes after Hong Kong regulators were reported to have raised concerns about the Singapore hub.
- HSBC will launch the Hong Kong AI Institute next year.
- HSBC is Hong Kong's biggest lender.
Entities
Institutions
- HSBC
Locations
- Hong Kong
- Singapore