https://www.scmp.com/rss/326944/feed Andy Chun is a leading AI pioneer and global visionary with over three decades of technology innovation experience. At Prudential, he is responsible for promoting the adoption of emerging technologies and driving a culture for continuous digital learning and innovation. Andy is also an adviser to the AI Specialist Group of the Hong Kong Computer Society and an adjunct professor at City University of Hong Kong. He was previously named Hong Kong’s top CIO and among Greater China’s top 5 CIOs. Andy... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Higher education is facing one of its biggest technological disruptions with the emergence of generative artificial intelligence. Unlike previous changes, such as the shift to online learning during the pandemic, generative AI requires a transformation of not only the delivery of higher education, but also its content and pedagogy. It requires institutions to rethink what and how they teach in a world where humans collaborate with AI and co-create. The debate over AI taking over our jobs has... https://www.scmp.com/comment/opinion/article/3225987/what-would-einstein-have-said-about-impact-generative-ai-higher-education?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3225987/what-would-einstein-have-said-about-impact-generative-ai-higher-education?utm_source=rss_feed Fri, 30 Jun 2023 22:15:19 +0000 The rise of ChatGPT and other generative artificial intelligence technologies has been astonishing. In the past few months, AI has outperformed most humans on certain standardised tests, passed medical licensing and bar exams, and produced textual content that is virtually indistinguishable from human writing. Generative AI applications span all business domains, from customer service to operations to analytics. Some companies are even planning to reduce staff in favour of AI. According to a... https://www.scmp.com/comment/opinion/article/3220347/why-companies-are-reluctant-jump-chatgpt-bandwagon?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3220347/why-companies-are-reluctant-jump-chatgpt-bandwagon?utm_source=rss_feed Sun, 14 May 2023 07:00:17 +0000 Over the past couple of years, the metaverse economy has exploded, with people immersing themselves in digital worlds to play games, buy NFT art and fashion, attend virtual concerts, and invest in virtual real estate. We have seen numerous milestones. In March 2021, Christie’s sold a non-fungible token (NFT) of a digital artwork by Beeple for US$69 million. Some 78 million people attended Ariana Grande’s first metaverse concert in Fortnite last August. Republic Realm (now called Everyrealm) paid... https://www.scmp.com/comment/opinion/article/3179810/metaverse-market-expanding-so-rapidly-creators-will-need-help-ai?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3179810/metaverse-market-expanding-so-rapidly-creators-will-need-help-ai?utm_source=rss_feed Wed, 01 Jun 2022 14:15:17 +0000 As part of its smart taxation reform plan, China aims to completely digitalise the tax system by 2025. Big data and artificial intelligence (AI) will be used to automate the process, ensuring accuracy and eliminating the possibility of tax fraud or tax evasion. AI will personalise individuals’ taxes to maximise benefits and prefill forms. All they will need to do is confirm and pay using their smartphones. The reform – the third by the government, following revisions to streamline tax collection... https://www.scmp.com/comment/opinion/article/3174670/chinas-plan-fully-automate-taxes-puts-its-ahead-global?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3174670/chinas-plan-fully-automate-taxes-puts-its-ahead-global?utm_source=rss_feed Thu, 21 Apr 2022 01:15:22 +0000 With its increasingly pervasive use, from smartphone apps to self-driving cars, artificial intelligence (AI) is touching every aspect of our lives. Recommendations made by AI are already directly affecting people’s daily lives, as well as how corporations and governments make decisions. However, if not designed and used properly, AI can present many potential risks. For example, AI used in social media can influence how people think and potentially sway political outcomes. AI is now even used in... https://www.scmp.com/comment/opinion/article/3170674/europes-ai-regulation-seeks-balance-between-innovation-and-risk?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3170674/europes-ai-regulation-seeks-balance-between-innovation-and-risk?utm_source=rss_feed Thu, 17 Mar 2022 19:30:18 +0000 The metaverse is poised to be the next evolution of the internet. Much of the current excitement has been about immersive 3D gaming, social networking, shopping and virtual meetings using technologies such as virtual and augmented reality. But what makes the metaverse interesting for the banking, financial services and insurance (BFSI) sector is that these modern virtual worlds are built on top of blockchains, cryptocurrencies and NFTs, offering many exciting new opportunities. Many probably... https://www.scmp.com/comment/opinion/article/3167365/metaverses-nft-and-cryptocurrency-fuelled-boom-gold-mine-banking?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3167365/metaverses-nft-and-cryptocurrency-fuelled-boom-gold-mine-banking?utm_source=rss_feed Thu, 17 Feb 2022 22:45:10 +0000 Hong Kong is fast becoming an innovation and technology hub for the region. As early as 1998, Hong Kong established a Digital 21 Strategy. Since then, the city has developed an impressive information and communication technology (ICT) ecosystem, with over 93 per cent household penetration of broadband, and nearly 100,000 people working in the industry. Hong Kong has followed this up with a Smart City Blueprint in 2017, committing over HK$900 million (US$116 million) to digital infrastructure,... https://www.scmp.com/comment/opinion/article/3113010/why-future-hong-kongs-economy-lies-digital-transformation?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3113010/why-future-hong-kongs-economy-lies-digital-transformation?utm_source=rss_feed Tue, 08 Dec 2020 08:43:54 +0000 Covid-19 has changed consumer behaviour forever and Hong Kong’s banking and financial services industry urgently needs to adapt. Digital transformation with artificial intelligence has quickly become the top priority for those not wanting to be left behind. The pandemic has prompted a struggle for business survival, forcing innovation and digital transformation as many businesses suddenly found themselves at a loss without their physical sales and distribution channels. The world witnessed the... https://www.scmp.com/comment/opinion/article/3092803/how-coronavirus-turbocharging-hong-kongs-fintech-revolution?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3092803/how-coronavirus-turbocharging-hong-kongs-fintech-revolution?utm_source=rss_feed Sun, 12 Jul 2020 22:00:14 +0000 Artificial intelligence is typically presented in Hollywood movies as a human-hating robot in a doomsday scenario. However, in the current Covid-19 pandemic, AI has emerged as the superhero that is saving humanity from disease and greatly reducing the number of deaths globally. AI researchers around the world have, over the past few years, engineered drastically new capabilities in health care, just in time to combat the novel coronavirus. This is particularly evident in China, where AI-related... https://www.scmp.com/comment/opinion/article/3075553/time-coronavirus-chinas-investment-ai-paying-big-way?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3075553/time-coronavirus-chinas-investment-ai-paying-big-way?utm_source=rss_feed Wed, 18 Mar 2020 02:00:21 +0000 The topic of facial recognition has stirred up quite a lot of controversy in recent years. There are growing concerns, particularly over data privacy and data protection, especially now that such technology is so prevalent. Some people use facial recognition daily to unlock phones or authorise payments, and many encounter it in security at workplaces or airports. However, people have started to question the ethics as well as the accuracy and potential bias of facial recognition technology. In a... https://www.scmp.com/comment/opinion/article/3027254/when-it-comes-using-ai-real-question-one-trust?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3027254/when-it-comes-using-ai-real-question-one-trust?utm_source=rss_feed Sat, 14 Sep 2019 09:56:16 +0000 At the China Development Forum, in Beijing in March, Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor said: “In my view, the Greater Bay Area has good potential to become not only the Silicon Valley of the East but also Silicon Valley and Wall Street within the same city cluster.” In addition, I believe the bay area scheme has great potential to be a global AI centre, supplying artificial intelligence technology not only to this region, but throughout the world. Here’s why. In July 2017,... https://www.scmp.com/comment/opinion/article/3015518/how-greater-bay-area-can-be-silicon-valley-wall-street-and-hong?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3015518/how-greater-bay-area-can-be-silicon-valley-wall-street-and-hong?utm_source=rss_feed Mon, 24 Jun 2019 01:00:13 +0000 The greatest contribution that artificial intelligence could make to humanity might be in health care. According to the consultancy firm Frost & Sullivan, AI has the potential to improve medical treatment outcomes by 30-40 per cent and reduce costs by as much as 50 per cent. This is particularly important for China, with its population of 1.4 billion people. Medical services can be scarce in China’s rural areas while, in urban areas, services are highly strained due to the sheer volume of... https://www.scmp.com/comment/insight-opinion/article/2152087/artificial-intelligences-greatest-contribution-may-be-health?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2152087/artificial-intelligences-greatest-contribution-may-be-health?utm_source=rss_feed Sun, 24 Jun 2018 06:03:25 +0000 All the major economies in the world understand the strategic importance of artificial intelligence in empowering and transforming economic growth in the coming decades. China is no exception. In July 2017, China’s State Council laid out an ambitious AI strategic plan to create a domestic 1 trillion yuan (US$147.80 billion) AI industry and make China the world’s leading AI innovation centre by 2030. Although too early to say if China will succeed, all the factors seem to be in China’s favour,... https://www.scmp.com/comment/insight-opinion/article/2142641/chinas-ai-dream-well-its-way-becoming-reality?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2142641/chinas-ai-dream-well-its-way-becoming-reality?utm_source=rss_feed Sun, 22 Apr 2018 01:30:45 +0000