Europe's AI gurus are going to lend their expertise to a new startup factory in Hong Kong

A new startup factory focused on building artificial intelligence companies is launching in Hong Kong this November. Zeroth, as the accelerator is known, will offer 10 startups 20,000 each ( 15,000) in exchange for a 6% equity stake. Startups will also receive mentoring and office space. The accelerator is being launched by Tak Lo, who was previously a director at accelerator TechStars London. Speaking to Business Insider on Tuesday, Lo said that he plans to make Zeroth a success with the help of his AI connections in Europe.