Cyberport and Cisco To Enhance AI and Cybersecurity in Hong Kong

by Fintech News Hong Kong

May 2, 2024

Cyberport, and Cisco signed a Memorandum of Understanding (MoU) to enhance artificial intelligence (AI), future-ready networks, and cybersecurity capabilities in Hong Kong. This partnership aims to boost innovation and strengthen the digital economy.

Under the MoU, both parties will jointly establish an AI lab at Cyberport, focusing on enhancing AI network technologies to improve performance, adaptability, and efficiency.

The lab is a strategic move to drive innovation and support the digital economy in Hong Kong. Additionally, the partnership will focus on cultivating technology talent and enhancing cybersecurity capabilities for local enterprises.

The MoU was signed in the presence of Professor Sun Dong, Secretary for Innovation, Technology, and Industry of the HKSAR Government, who expressed his support for the collaboration.

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Professor Sun Dong

“I would like to extend my sincere appreciation to Cisco for choosing Hong Kong and Cyberport as your valued partner, which casts a big vote of confidence in the development of Hong Kong into an international innovation and technology centre. Under the “One Country, Two Systems” principle, Hong Kong has the distinctive advantages of enjoying strong support of the motherland and being closely connected to the world,”

said Professor Sun.

In addition, being home to five world’s top 100 universities, as well as top-notch research laboratories, and numerous world-class experts and scholars, Hong Kong possesses robust capability in R&D and great originality. I am of full confidence that Hong Kong and Cyberport can support Cisco’s growth on a broader business horizon and help open up new business opportunities.”

Professor Sun commented.

Simon ChanCyberport Cisco

Simon Chan

“This MoU with Cisco ignites major advances in AI and future-ready networks. Our goals are to transform the technology landscape, develop talent, and expand markets. Cyberport and Cisco will make joint efforts in the establishment of an AI lab at Cyberport, showcasing AI network technologies that elevate performance, adaptability, and intelligence within a cost-efficient infrastructure.

said Simon Chan, Chairman of Cyberport.

As a leading AI hub in Hong Kong, Cyberport is now home to around 200 start-ups dedicated to AI and data science R&D and application. This collaboration will add strength to our ever-thriving AI powerhouse, which is pivotal in driving AI ecosystem and industry development in the long run,”

added Simon.

As part of their collaboration, Cyberport and Cisco will also focus on nurturing the next generation of tech pioneers through the Cisco Networking Academy and supporting Cyberport startups with innovative SaaS solutions. A special initiative, the Threat Hunting Workshop, will also be introduced to equip enterprises with advanced cybersecurity skills.

This initiative arrives at a critical time when 95 percent of organisations in Hong Kong report an increased urgency to deploy AI technologies, and 75 percent recognise the significant impact of AI on their business operations, according to Cisco’s AI Readiness Index.

Featured image credit: Edited from Freepik


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