HSBC plans to expand its Hong Kong AI team
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HSBC plans to increase the size of its Hong Kong AI team from the current 150 people to 300 people over the next two to three years. The company also plans to establish the Hong Kong AI Institute in 2027, which is expected to begin operations in early 2027. Its initial research and application areas will include artificial intelligence applications, post-quantum cryptography, and blockchain. Previously, HSBC announced the establishment of a Global AI Centre of Excellence in Singapore and plans to recruit more than 100 AI experts; the decision was questioned by Hong Kong regulators. The latest reports indicate that HSBC has further announced plans to expand its Hong Kong team and establish the research institute.
AI-written from reports · updated 2 days ago
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- Fintech News Hong KongHSBC plans to double its Hong Kong AI team to 300, while Singapore AI centre draws regulatory scrutiny
HSBC plans to expand its Hong Kong AI team from 150 to 300 over the next two to three years and establish the Hong Kong AI Institute in 2027. The institute is expected to begin operations in early 2027, initially focusing on AI applications, post-quantum cryptography and blockchain. HSBC previously announced plans to establish a Global AI Centre of Excellence in Singapore and hire more than 100 AI experts, a decision that drew questioning from Hong Kong regulators.
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