Photographed at the announcement of the launch of The Hong Kong AI Lab
(From left to right) Mrs. Fanny Law, Chairperson of HKSTP, Mr. Joe Tsai, Executive Vice Chairman of Alibaba Group, The Hon Mrs. Carrie Lam, Chief Executive, Hong Kong Special Administrative Region, Prof. Xiao’ou Tang, Founder, SenseTime & Mr Nicholas W. Yang, Secretary for Innovation and Technology
Signing of the Memorandum of Understanding
(Top row, left to right) Mrs. Fanny Law, Chairperson of HKSTP, Mr. Joe Tsai, Executive Vice Chairman of Alibaba Group, The Hon Mrs. Carrie Lam, Chief Executive, Hong Kong Special Administrative Region, Prof. Xiao’ou Tang, Founder, SenseTime & Mr Nicholas W. Yang, Secretary for Innovation and Technology
(Bottom row, left to right) Mr. Albert Wong, Chief Executive Officer, Hong Kong Science and Technology Parks Corporation, Mrs. Cindy Chow, Executive Director, Alibaba Hong Kong Entrepreneurs Fund & Dr. Li Xu, Co-founder & CEO, SenseTime
Presentation of certificates to our Hong Kong AI Lab advisors
(Hong Kong, May 21, 2018) Alibaba Group Holding Limited (NYSE: BABA), SenseTime and Hong Kong Science and Technology Parks Corporation (“HKSTP”) announced the launch of The HKAI Lab (“Lab”). As a not-for-profit initiative, The HKAI Lab aims to advance the frontiers of AI with cutting-edge technologies and expertise, empower startups to commercialise their new inventions, and inspire new ideas and knowledge sharing among academics, scientists and entrepreneurs in the field of AI. Alibaba Hong Kong Entrepreneurs Fund, established by Alibaba to support young entrepreneurs, and SenseTime will provide funding for the operation of the Lab.
The first initiative rolled out today by the Lab is a six-month Accelerator Programme (“Programme”). With support from Alibaba Cloud and HKSTP, the Programme will provide funding, AI technologies, network and working space to prospective AI startups in Hong Kong as an effort to cultivate a local community of talent and startups in AI and data science.
Joe Tsai, Executive Vice Chairman of Alibaba Group, said, “Alibaba sees AI as a fundamental technology that will make a difference to society. We are pleased to partner with SenseTime and HKSTP to foster Hong Kong’s AI capabilities and elevate its technology profile in the region. We envision the Hong Kong AI Lab to be an open platform where researchers, start-ups and industry participants can collaborate and build a culture of innovation. ”
Prof. Xiao’ou Tang, Founder of SenseTime, said, “We created The HKAI Lab together with Alibaba and HKSTP in support of the calling for developing the Greater Bay Area into a distinguished technological center. The Lab will serve as a platform to bridge the academia and the industry, apply AI technologies to traditional industries, and promote broader collaboration between Hong Kong and the mainland. With this platform and leading AI solutions from SenseTime, we aspire to create new opportunities for young people in Hong Kong.”
Mrs. Fanny Law, Chairperson of HKSTP said, “AI is a major technology focus for HKSTP. At Science Park, there are multiple AI R&D companies specialising in smart security, bio-tech, chatbots, fintech, smart logistics etc. Today, we are pleased to witness the launch of the HK AI Lab. The collaboration builds on the respective strengths of Alibaba, SenseTime and HKSTP, and also serves as a showcase of the partnership among the industry, academia, research and public bodies to drive innovation and technology.”
Starting September 2018, the Programme will offer two intakes per year, providing funding and resources to about 10 successful startup applicants in each intake class. SenseTime will provide deep learning platform and AI solutions to prospective startups. They will also obtain cloud computing services, machine learning platform, and IT support including GPU-equipped high-performance computer resources from Alibaba Cloud, as well as access to technologies developed by Alibaba DAMO Academy, a global research programme created by Alibaba Group. In addition, they will receive advice from the Lab’s advisory board which consists of leading AI scientists, entrepreneurs and academics. Through the Programme and incubation support from the HKSTP’s Incu-Tech program, startups enrolled will receive free working space from HKSTP. The Programme will start accepting applications from mid-June 2018.
For more information about the HKAI Lab Accelerator Programme and requirements for applicants, please refer to the website: https://www.hongkongai.org.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.
Alibaba DAMO Academy, which stands for the “Academy for Discovery, Adventure, Momentum and Outlook,” is an innovative global research programme set up by Alibaba Group to increase technological collaboration worldwide, advance the development of cutting-edge technology and strive to make the world more inclusive by narrowing the technology gap.
Alibaba Hong Kong Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015. The Fund's mission is to help Hong Kong-based entrepreneurs and young people realise their dreams and visions for their businesses and communities.
SenseTime is the world’s most highly valued artificial intelligence (AI) unicorn focused on computer vision and deep learning technologies. Its leading AI technologies have powered many industries such as smart city, smartphone, mobile Internet, automobile, finance, retail, and robotics, etc.. Its core technologies include face recognition, image recognition, character recognition, medical image recognition, video analysis and autonomous driving.
SenseTime boasts more than 400 leading strategic partners and customers including MIT, CUHK, Qualcomm, NVIDIA, Honda, Alibaba, Suning, China Mobile, UnionPay, Wanda, HNA, Huawei, Xiaomi, OPPO, vivo, Weibo, iFLYTEK, and so forth.
In April 2018, SenseTime raised $600 million in its series C round of funding and once again set a new record for a single round of financing in the global AI field. The company has offices in Hong Kong, Beijing, Shenzhen, Shanghai, Chengdu, Hangzhou, Kyoto, Tokyo and Singapore.
About Hong Kong Science and Technology Parks Corporation
Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science and Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region.
Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information & Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value added services and comprehensive incubation programmes for technology start-ups to accelerate their growth.
Technology businesses benefit from our specialised services and infrastructure at Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill-intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long. More information about HKSTP is available at www.hkstp.org.
Deborah Tsui Crystal Liu
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Hong Kong Science and Technology Parks Corporation
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