Why and how the media industry can fit into Hong Kong’s first 5-year plan

AI Summary

Hong Kong’s media industry faces challenges and opportunities amid rapid growth in artificial intelligence, large language models, and Web3 technologies. Traditionally conservative in R&D spending, media executives now consider technology development as a core growth driver aligned with Hong Kong’s first 5-year plan.

Mainstream media, particularly in Hong Kong, have historically been conservative in their research and development spending. Media executives prefer to shop for off-the-shelf solutions, treating technology as back-office support rather than a core growth engine. This mode of operation now faces an existential challenge amid the explosive growth of artificial intelligence (AI), large language models and Web3 technologies. Concurrently, these developments offer Hong Kong’s media industry fresh...