The Artificial Intelligence Committee of the Guangdong Hong Kong Macao Greater Bay Area Entrepreneurs Alliance was established in Hong Kong on the 31st. The Chief Executive of the Hong Kong Special Administrative Region, Carrie Lam, hopes that it can enable enterprises to better grasp the opportunities brought by the development of artificial intelligence and inject new momentum into the economic development of the country and Hong Kong. The Hong Kong Special Administrative Region will allocate HKD 14 billion to develop emerging industries such as artificial intelligence. Li Jiachao stated in a video speech on the same day that the SAR government will establish a HKD 10 billion "Innovation and Technology Industry Guidance Fund" and launch a HKD 3 billion "Artificial Intelligence Funding Program". The budget also sets aside HKD 1 billion to establish the Hong Kong Artificial Intelligence Research and Development Institute. Cai Guanshen, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and Chairman of the Guangdong Hong Kong Macao Greater Bay Area Entrepreneurs Alliance, stated that China's achievements in the field of AI have attracted worldwide attention in recent years. The alliance is determined to make new efforts in the field of artificial intelligence to promote the high-quality development of the country and to leverage Hong Kong's advantages such as "One Country, Two Systems", world-class university resources, international financial center, and technology innovation center. Sun Dong, Secretary for Innovation, Technology and Industry of the Hong Kong Special Administrative Region Government, mentioned in his speech that artificial intelligence is a key technology leading the new round of technological and industrial revolutions. The SAR government attaches great importance to the importance and criticality of artificial intelligence in the modernization process of technological innovation and industrial development. The establishment of the Artificial Intelligence Committee is timely and responds to the development needs of the country and Hong Kong. I hope to work together with all sectors of society to seize the new opportunities brought by artificial intelligence and make the artificial intelligence industry in China and Hong Kong better and stronger. Duan Fengyuan, Chairman of the Artificial Intelligence Committee of the Guangdong Hong Kong Macao Greater Bay Area Entrepreneurs Alliance, stated that the committee will collaborate with national and even global resources, rely on Hong Kong's position as an international financial center, become a bridge for communication between local governments and AI enterprises, and export the leading artificial intelligence technology in the Greater Bay Area to the whole country. (New Society)