AGP Executive Report
Last update: 10 hours agoAI Infrastructure in Hong Kong: HKT plans an ultra-low latency 3.2Tbps AI Data Centre Inter-connect “Superhighway,” upgrading from 800Gbps and using hollow core fibre between Lok Ma Chau Loop and Tseung Kwan O to cut latency and help universities and research labs pool compute. AI Models Go Big: Moonshot AI launched Kimi K3, a claimed 2.8T open-weight model, while WeRide unveiled WITT, a Physical AI “cognitive foundation” model built on Atomic Physical Facts. Markets Hit by Chip/AI Selloff: Asian stocks slid as investors questioned AI valuations; Hong Kong’s Hang Seng fell with tech shares, and China’s CXMT IPO stirred liquidity worries. Local Tech & Industry: Hong Kong’s Wang Fuk Court fire inquiry says substandard renovation practices and “rubber stamp” inspections helped turn a small blaze into a deadly disaster. Autonomous Driving Expansion: Baidu’s Apollo Go signed an MoU to explore autonomous vehicle services in Kazakhstan. Business/Events: CTF Life and Tencent Music will bring TIMA to Hong Kong on Aug 22-23, and the HK Book Fair plus Sports and Leisure Expo and World of Snacks open today at HKCEC.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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