Opinion | How the ChatGPT-led AI revolution can be a game changer for Hong Kong

  • The liberation of AI that ChatGPT represents helps level the playing field for Hong Kong’s finance and service industries by making AI more accessible
  • In turn, the growing need for start-ups to bring new, innovative solutions to these industries will help drive the expansion of the city’s tech sector

Pedestrians are reflected in an advertisement as they cross a road in the Central district of Hong Kong in January 2020. Hong Kong can leverage the latest developments in AI to take its financial and service industries to the next level. Photo: Bloomberg
OpenAI, the creator of ChatGPT, has created a buzz in seemingly every business sector. The chatbot has been used around the world to create content, generate business proposals and write code, all at low cost. Microsoft’s US$10 billion investment in OpenAI is just fuelling the fire and igniting new competition and opportunity.

The high development cost and output quality of previous artificial intelligence systems meant they were limited to professional use, which is different to what we are seeing with ChatGPT. With a single command line in almost any human language, OpenAI’s machine learning algorithms can be called on to create new logic that adapts to the situation in real time, providing a dynamic and responsive experience.

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