As part of the Hong Kong government’s effort to boost innovation in areas including AI, biotech and fintech, e-commerce giant Ali Baba and Hong Kong’s first unicorn SenseTime established The Hong Kong AI Lab in May. It has now picked seven startups that will receive funding under its accelerator program. The AI lab will provide each of the selected startups $100,000 in seed funding, office space, and the access to Alibaba and SenseTime’s AI resources and Alibaba Cloud’s cloud computing services. The Lab will officially launch this month.
“These start-ups not only have innovative technologies and business ideas, but they also offer valuable solutions for different industries and scenarios,” Jeff Zhang, the chief technology officer of Alibaba, said at the ceremony.
Zhang said it was important to work on the application of AI technologies in different industries.