HSBC to open Hong Kong AI institute following Singapore launch
Source: The Business Times
Published on: 2026-11-02 05:23
The bank is rolling out AI training for its entire global workforce of about 200,000 people [HONG KONG] HSBC is setting up an artificial intelligence and emerging technology institute in Hong Kong, as the city's largest bank steps up its AI push following a similar launch in Singapore earlier this year. The bank aims to launch the institute in the first quarter of 2027, chief executive Georges Elhedery said at Hong Kong's Fintech Week event on Monday (Nov 2). The AI unit will work with Hong Kong University of Science and Technology as its anchor academic partner, Elhedery said, though he did not disclose headcount details. He added the bank would move the centre to Hong Kong's Northern Metropolis -- a mega project bordering mainland China -- as soon as its site there was ready. The Hong Kong plan follows the Asia-focused lender's announcement in July that it would hire more than 100...
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