The future AI landscape would be dominated by a small number of fundamental model providers and a larger number of developers producing such agents, Huang said.
His comments underscored Alibaba’s strategy of becoming a key provider of AI infrastructure and fundamental models. The company’s Qwen series of open-source large language models has become popular, and Alibaba has pledged at least US$53 billion over the next three years to invest in AI infrastructure. Alibaba owns the Post.
Hong Kong would be able to play a role in AI development thanks to its capital resources, research capabilities, access to mainland China, government support and legal framework, Huang said.
“Hong Kong has top-tier researchers and universities, alongside the Hong Kong government also providing a lot of support for innovation, alongside the city’s strong legal system,” he said. “It is able to provide not only the capital resources, but also the human resources and the carbon for AI development.”
