Being a media specialised in fintech reporting provides us with an unparalleled view of the emerging trends and players in he space. After tracking the performance and announcements from hundreds of Hong Kong based fintech companies, here are (in our view) the top 19 fintech companies operating in Hong Kong in 2019. Futu Securities is a recognized fintech unicorn and one of Asia's top-ranked online brokers, providing a one-stop online investing services and experience. Futu Securities' investing platform, Futu Niuniu, provides market data, trading service and news feed, covering Hong Kong, Mainland China and US stock markets. The platform has over 5 million users.
IMAGE: Using age predictors within specified age groups to infer causality and identify therapeutic interventions. The deep age predictors can help advance aging research by establishing causal relationships in nonlinear systems. Deep aging clocks can be used for identification of novel therapeutic targets, evaluating the efficacy of various interventions, data quality control, data economics, prediction of health trajectories, mortality, and many other applications. Dr. Alex Zhavoronkov from Insilico Medicine, Hong Kong Science and Technology Park, in Hong Kong, China & The Buck Institute for Research on Aging in Novato, California, USA as well as The Biogerontology Research Foundation in London, UK said "The recent hype cycle in artificial intelligence (AI) resulted in substantial investment in machine learning and increase in available talent in almost every industry and country." Over many generations humans have evolved to develop from a single-cell embryo within a female organism, come out, grow with the help of other humans, reach reproductive age, reproduce, take care of the young, and gradually decline.
It's impressive that Generative models like Open AI's GPT-2 automatically create texts using limited input. But controlling the attributes (topics, context, sentiment) of these texts, and paragraphs need an extra layer of work that includes architectural modifications/specific data understanding, etc. This work is done by a team of professionals from Uber, Caltech, and the Hong Kong University of Science and Technology. They worked on the model and created the Plug and Play Language Model (PPLM), which takes one or two attributes classifier and combines it with a pre-trained language model.
Generative AI language models like OpenAI's GPT-2 produce impressively coherent and grammatical text, but controlling the attributes of this text -- such as the topic or sentiment -- requires architecture modification or tailoring to specific data. That's why a team of scientists at Uber, Caltech, and the Hong Kong University of Science and Technology devised what they call the Plug and Play Language Model (PPLM), which combines a pretrained language model with one or more attribute classifiers that guide novel text generation. Preliminary results in a preprint paper show that PPLM is able to control a "range" of topics and sentiment styles, importantly without sacrificing fluency and while retaining flexibility that in any combination of differentiable models steers text generation. Their research builds on that published by Google and the University of Michigan late last year, which investigated an architecture that could generate sentences from a given sample and change the mood, complexity, tense, or even voice while preserving the original text's meaning meaning. And it could inform work on Plato, Uber's platform for developing and testing conversational AI, which was released in July with connectors that integrate with existing machine learning and model-tuning frameworks.
Consistent in their quest to spearhead innovative, groundbreaking events, Eventus International is hosting the first ever AI In Gaming 2020 summit in Dubai on 26 and 27 February at Crowne Plaza Dubai. Joining a lineup of top international industry experts, is Andrew Pearson, founder and MD of Intelligencia Limited, who will be speaking at AI In Gaming 2020. Andrew Pearson was born in Pakistan, grew up in Singapore and was educated in England and America. With a degree in psychology from UCLA, Pearson has had a varied career in IT, marketing, mobile technology, social media and entertainment.In 2011, Pearson relocated to Hong Kong to open Qualex Asia Limited, bringing its parent company's experience into the ASEAN region. Pearson is the Managing Director of Intelligencia Limited, a leading implementer of BI, CI, data warehousing, data modeling, predictive analytics, data visualisation, digital marketing, mobile, social media and cloud solutions for the gaming, finance, telco, hospitality and retail industries.
The company was among eight Chinese tech firms placed on the U.S. entity list in October amid ongoing trade tensions. The United States alleges the companies have played a role in human rights abuses against Muslim minority groups in China. SenseTime said at the time that it strongly opposed the U.S. ban and would work with relevant authorities to resolve the situation. "We don't comment on market speculation," a SenseTime spokeswoman said. Hong Kong-headquartered SenseTime, which provides technology-based applications including, facial recognition and video analyzing and autonomous driving, says it is valued at more than $7.5 billion.
The Japanese cosmetics industry faces huge competition not only from established players such as L'Oreal and Estee Lauder but increasingly also from the "K-beauty" craze coming from South Korea. Nevertheless, Japan is more than holding its own, with exports nearly quadrupling since 2013 to ¥546 billion ($5 billion), according to Finance Ministry figures, nearly two-thirds of that going to China and Hong Kong. The domestic industry is also benefitting from an explosion of inbound tourism in recent years ahead of the 2020 Tokyo Olympics -- in particular a relaxing of visa requirements for Chinese tourists who lap up the latest Japanese cosmetic fads. Shiseido chief executive Masahiko Uotani said that a focus on the high end of the market and time-honored attention to detail set them apart from the foreign brands seeking to dominate globally. "We are focusing on prestige, premium brands. Consumers in those categories see the value of Japanese culture," said Uotani.
The humanoid robot'Sophia' made quite an impression back in 2017 when it was unveiled for the first time at the innovation conference in Riyadh, Saudi Arabia. Built by a Hong Kong-based company Hanson Robotics in 2015, the humanoid robot can mimic 62 human facial expressions. However, the highlight of the conference was not the unveiling of the AI-enabled entity or its onstage interview but the Kingdom's decision to grant citizenship to Sophia. Ironic for a country where women were not allowed to drive till last year! However, the intention was clear -- to adopt technology in modernizing the heavily Oil-dependent economy.
Hong Kong (CNN Business)A South Korean master of the ancient strategy game Go has announced his retirement from professional competition due to the rise of what he says is unbeatable artificial intelligence. The news that Lee Se-dol is bowing out comes three years after he lost in a closely watched series against Google's AlphaGo in 2016. Lee managed to win one game out of five against Google's computer program -- the only time it has been beaten in competition -- but was ultimately defeated. Since then, AlphaGo has become even more advanced, beating other top players around the world. "With the debut of AI in Go games, I've realized that I'm not at the top, even if I become the number one through frantic efforts," Lee told South Korea's Yonhap news agency this week.
From Greta Thunberg's student-led climate strikes to the youth-driven protests in Hong Kong and Chile, the next generation is increasingly demanding a voice on pressing issues. Youth movements are reenergizing paralyzed debates among adults with fresh perspectives, inconvenient questions, and the rhetorical power of having to live with the long-term fallout of our short-term thinking. With another monumental societal transformation on the horizon--the rise of artificial intelligence--we have an opportunity to engage the power and imagination of youth to shape the world they will inherit. Many of us were caught off-guard by the unintended consequences of the first wave of digital technologies, from mass surveillance to election hacking. But the disruptive power of the internet to date only sets the stage for the even more radical changes AI will produce in the coming decades.