HSBC to Launch AI Institute in Hong Kong
HSBC plans to open an artificial intelligence institute in Hong Kong by early 2027 in partnership with the city's University of Science and Technology. The move follows the lender's recent AI center launch in Singapore as part of a broader workforce transformation strategy.
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HSBC HOLDINGS PLC-SPONS ADR will open an artificial intelligence institute in Hong Kong by the first quarter of 2027, expanding its tech push following a similar launch in Singapore. The expansion comes as lenders globally cut staff to fund AI overhauls. The new unit follows the bank's July announcement to hire 100 specialists in Singapore.
