Hong Kong’s new wealth fund accelerates investments with AI push

The newly established Hong Kong Investment Corporation (HKIC) is rapidly deploying capital into artificial intelligence companies as it seeks to future-proof the city's economy. Since unveiling its maiden investment on June 12, the HK$62 billion ($8 billion) government fund has made three AI deals – in Chinese startups in smart manufacturing, biotech, and robotics – in under two months, representing an accelerated pace of capital deployment. This underscores Hong Kong’s role in …