Google Hong Kong’s Post

Exciting discussions with our industry partners at Hong Kong FinTech Week about harnessing the power of AI to advance Hong Kong as a smarter digital city together! 🧠 Our Michael Y. joined Ian Glasner of HSBC, Peter Lee of IBM, and Rebecca Lim, CFA of AutoML Capital on the “AI-Driven Era: Innovation, Efficiency, and Growth” panel. 2 key takeaways in case you missed it: 💡 1️⃣ Huge Economic Potential of AI: 💰 AI could unlock HKD 287.4 billion of economic benefits for Hong Kong in 2030. The finance industry is poised to benefit significantly, with AI reshaping everything from personalized advice and fraud detection to risk management and financial inclusion. Google is already helping institutions of all sizes capture AI’s benefits with our AI-powered products and solutions ecosystem, from Google Cloud to Google Ads, which contributed HKD 51.6 billion of economic activity for businesses in Hong Kong in 2023 alone. 2️⃣ Responsible AI is Crucial: 🛡️ We recognize that AI presents both opportunities and challenges, especially in finance where trust and transparency are paramount. That’s why responsible AI is embedded in every stage of our product and solution development, backed by our AI Principles, Secure AI Framework, and more. This includes ensuring fairness, accountability, and security in AI systems. We're committed to helping businesses strengthen their security posture and build a #responsibleAI future together. Michael also highlighted the importance of collaboration in AI development, both within the organization and across ecosystems, sharing how different teams at Google work together to bring AI-powered features like Search 🔎 and Magic Editor ✨ to Google Photos. 📸 For 20 years, we have been dedicated to helping the city thrive in the digital age. Today, that includes empowering businesses and individuals with responsible AI. 🚀 Learn more about our commitment to responsible AI: https://lnkd.in/g7AiPfpP