Alibaba Holding Group Ltd. has teamed up with SenseTime Group Ltd., the world's most valuable artificial intelligence startup, to set up a new artificial intelligence lab in Hong Kong in a bid to promote AI innovation between mainland China and the special administrative region. The Hong Kong Artificial Intelligence Laboratory is the first major move following the Chinese government's announcement of new policies to develop Hong Kong into a global innovation base, online news journal Leiphone reported. Government-backed tech incubator Hong Kong Science and Technology Parks Corp. is also a partner in the new project. The HKAI Lab will support local research talent and share more of the mainland's smart computing technologies and application scenarios with them to provide a platform for interdisciplinary exchange. It kicked off operations by launching an accelerator program designed to cultivate more AI startups in Hong Kong.