The Hong Kong tech news snapshot for June 2023 touches on items including cancer detection health technology, the black-market availability of NVIDIA chips in both Hong Kong and mainland China, the HK Government’s attempts to force a ban on the protest song ‘Glory to Hong Kong‘, and others.
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- Hong Kong: Prenetics genomics and precision oncology firm partners professor for Insighta early cancer detection screening JV, with 5000-patient clinical trial set for early 2024
- Hong Kong: Bank of China investment arm and UBS issue tokenized, regulated security in HK, adding regulated securities onto main, public Ethereum blockchain
“While buying or selling high-end US chips is not illegal in China, US export restrictions have created a de facto underground market with vendors keen not to draw scrutiny from either US or Chinese authorities.”
“But, as AI booms across the globe after the runaway success of OpenAI’s ChatGPT, demand for high-end chips has rocketed, particularly for Nvidia’s microprocessors which are widely regarded as the best at handling machine-learning tasks.”
“We are talking with two vendors now to get some,” said Ivan Lau, co-founder of Hong Kong’s Pantheon Lab who is trying to purchase 2-4 new A100 cards to run the startup’s latest AI models.”
- Hong Kong’s Animoca Brands partners Japan’s Mitsui trading firm for Web3 in Japan, gaining access to assets spanning industrial and consumer firms, partner and customer networks
- Hong Kong gov’t launches court bid to prevent internet platforms from hosting ‘Glory to Hong Kong’ song, lyrics, melody or video, criminalizing those who post
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