February 27, 2024

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Promoting the Development and Commercialisation of AI Chips in Hong Kong

Image Credits: ASTRI, Press Release

The Hong Kong Applied Science and Technology Research Institute (ASTRI) and the AI Chip Center for Emerging Smart Systems (ACCESS) signed a memorandum of understanding (MoU) recently to jointly promote the R&D and industrialization of AI Chips, to further promote the development of AI chips in Hong Kong to the world’s cutting-edge level.

As the first research centre under the Hong Kong government’s InnoHK Clusters initiative to formally establish a partnership with ASTRI, ACCESS will jointly develop emerging AI chip technology and hardware-accelerated AI technology, and promote the transformation of advanced technology into products with ASTRI by converging their R&D expertise. Currently, the two parties are embarking on the first research project collaboration, which focuses on advancing the application development of customised AI chips in the field of AI Internet of Things (AI-IoT).

ASTRI has been committed to promoting technological R&D in Hong Kong and partnering with different institutions and companies in developing innovative technologies. ASTRI’s researchers have devoted themselves to the R&D of next-generation AI technology and the design and application of AI chips for several years.

In its partnership with ACCESS, ASTRI will be able to directly apply the results of basic research, and transfer AI chip technology and solutions to the industry through mid-stream applied research, helping the development of AI and Innovation and Technology (I&T) industries in Hong Kong, and enabling integrated circuit technology to sublime to another realm.

The Chief Executive Officer of ASTRI stated that one of the missions of ASTRI is to transfer professional technology and R&D to the industry to benefit the entire technological research industry in Hong Kong, and the promotion of this work is in line with the purpose of establishment of InnoHK. He added that the first project has officially commenced since the establishment of the platform, bringing AI chip technology to different fields. The R&D of different technologies among ASTRI, ACCESS, and other units in the future to bring more cutting-edge technologies to Hong Kong is highly anticipated.

With initial funding of HK$443.9 million from the Hong Kong government’s InnoHK, ACCESS was founded by The Hong Kong University of Science and Technology (HKUST) in collaboration with research with Stanford University, The University of Hong Kong and The Chinese University of Hong Kong, sought to realise ubiquitous AI applications in society seeking to create AI chips that are much faster and more energy-efficient than that of existing solutions.

Meanwhile, the Vice-President for Research and Development of HKUST and Center Director of ACCESS stated that the Center has a world-leading team of interdisciplinary experts. Since its establishment more than a year ago, it has conducted several types of research in the fields of applied hardware joint design, computing-in-memory, as well as smart sensors and AI-IoT and made technological breakthroughs.

In setting up this long-term cooperation with ASTRI, the Center can leverage its technical foundation and industry channels in AI technology applied research and AI chip solutions to transform these international collaborative research results into AI products more quickly, thereby achieving an efficient I&T development model from basic research to application. According to research, the global artificial intelligence chip market size is expected to reach US$ 194.90 billion by 2030 from US$ 8.02 billion in 2020, growing at a CAGR of 37.41% from 2021 to 2030.

Artificial intelligence (AI) helps to eliminate or minimise the risk to human life across a variety of industries. Moreover, the need for more efficient systems for solving mathematical and computational problems has become crucial, as the volume of data has increased.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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