Within four years, it had become the world’s biggest AI unicorn. The company is using machine vision to empower dozens of industries, from surveillance automobile applications, smart city solutions, autonomous cars and healthcare. SenseTime cited research that by 2035, AI could bring a significant impact in 16 major industrial categories and could contribute to the economic growth of 38percent. Machine vision is the most common application of AI, accounting for 70percent of all AI applications.

Besides innovating for business, SenseTime is nurturing future generations through an International Artificial Intelligence Fair for global students. Inaugurated in March in Beijing, the Fair encourages students from different countries to engage in AI and showcase their talent. The company also launched an AI teaching kit in 2018 to offer young people hands-on learning of AIR technology and applications. With the learning kits, students will be able to do voice recognition, image classification and other AI activities.

Hong Kong’s first autonomous driving car company going global from Hong Kong Science Park

AutoX Inc. is Hong Kong’s first autonomous driving car company pioneering cutting-edge AI technology for autonomous driving. With bases in Hong Kong, Shenzhen and the Silicon Valley, AutoX intends to become China’s strongest autonomous car company.

The company has assembled talent in Silicon Valley and China to build the world’s most capable autonomous driving technology team. It is the only company in China with approval to have autonomous cars driving on busy urban roads, not on fixed routes but point-to-point journeys. It is also one of two companies licensed to carry out self-drive grocery delivery in San Jose.

Hong Kong an ideal base for coordinating a globally aligned AI standard

As the AI quest continues globally, the global I&T communities and authorities ought to think about formulating a common standard prescribing a set of criteria that all players in the world should abide by to ensure security, accuracy and ethics in the adoption of the technology.

Currently, different regions in the world have their own set of privacy regulations – the General Data Protection Regulations in the European Union, and privacy laws and regulations in the US and China Data Protection Regulations in China. As the development of AI generates a voracious appetite for big data, data security and governance is crucial for cross-region data transfer. All AI solutions need data for training. Data integrity determines an AI solution’s viability. All sovereign states would want to protect the data within their jurisdiction, but there is an undeniable need to use data across jurisdictions for AI solutions to be globally applicable.

Unlike professionals such as lawyers, accountants and medical doctors, AI solutions are not subject to any certification process that upholds professional standards. There are no accuracy verification mechanisms to ascertain that AI solutions perform as accurately as a certified professional who abides by industry standards. This is a gap that needs to be addressed too.

The issues of data security and operational accuracy lead to the question of ethics. In the arena of autonomous driving, for example, there are lots of finer details to deliberate, such as whether the AI powering an autonomous car should be subject to a driving test or mandatory insurance, or if an accident occurs, who should be held liable? The car manufacturer, the owner or the AI solution provider?

This gives rise to the need, and opportunity, for providing testing and certification service in an internationally accessible location with robust rule of law. HKSTP believes that Hong Kong, as an international metropolis with its proximity to China and a special administrative region, is in a unique position to be an AI testing and certification hub.

Hong Kong embraces innovators from around the world

With its world-class universities, Hong Kong is also ideally placed to leverage the appeal of the territory’s open R&D environment to retain local talent and attract overseas talent to the ecosystem. HKSTP is working closely with the city’s public and private sectors to provide vital support, be it in funding or policy, to build on the achievements of leading technology enterprises and academics in the AI field.