Alibaba and SenseTime partner for Hong Kong AI accelerator

Alibaba Group, SenseTime, and the Hong Kong Science and Technology Parks Corp. (HKSTP) have partnered to create a new accelerator program to support Hong Kong's AI startups, Alizila reports. The HKAI Lab program will select startups to provide with up to $100,000 in funding from the Alibaba Entrepreneurs Fund, as well as access to deep-learning resources from SenseTime, and cloud and other technologies from Alababa and its DAMO Academy. The 6-month program will accept about 10 startups into each of two yearly cohorts, also providing them with office space, mentorship, and networking opportunities. "Alibaba sees AI as a fundamental technology that will make a difference to society," said Joe Tsai, executive vice chairman of Alibaba Group. "We envision the Hong Kong AI Lab to be an open platform where researchers, start-ups and industry participants can collaborate and build a culture of innovation."