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China-U.S. Competition in Large Language Models: Global Perspectives on Opportunities and Challenges
China-U.S. Competition in Large Language Models: Global Perspectives on Opportunities and Challenges
Prof. Zhenhui Jack JIANG
Since ChatGPT was introduced, large language models (LLMs) have quickly become a focus in the global tech competition. LLMs are being applied in various fields, presenting ample opportunities for AI development. The U.S. currently leads in technology development and innovation, with its models excelling at the technological forefront. In contrast, Chinese models focus on optimizing for local languages and practical applications. Striking a balance of competition and cooperation between the two countries will be crucial in the coming years.
19 Sep 2024
Faculty
Worrying Fiscal Predicament Looms Large for the US
Worrying Fiscal Predicament Looms Large for the US
Dr. Maurice K.S. TSE
Over the past 5 years, the US government's fiscal deficit has persistently exceeded $1 trillion, positioning the country among global leaders in debt levels. Economists and international institutions are concerned that the government's fiscal deficit has consistently exceeded 3% of GDP. Currently, US public debt stands close to 100% of GDP, projected to rise to 116% by 2034, posing a significant burden on the country's long-term economic development.
18 Sep 2024
Faculty
HKU BBA Student Russell Aylsworth Shares His Experience Competing at Paris Olympics
HKU BBA Student Russell Aylsworth Shares His Experience Competing at Paris Olympics
Hong Kong sailor Russell Aylsworth expresses gratitude for the support from the public and hopes that this Olympics will inspire more young people to participate in sailing.
17 Sep 2024
Student
HKET (Subscription Required; Chinese Only)
HKTKWW(Chinese Only)
HKEJ (Subscription Required; Chinese Only)
CPI or EPI, or Both?
CPI or EPI, or Both?
Dr. Stephen Y CHIU
Household spending is a key factor in personal and family financial planning, as well as policymaking to improve people's livelihoods. While the government's Consumer Price Index (CPI) is a mainstream indicator, it often fails to accurately reflect the daily living costs of the public. CPI has limitations, such as over-emphasising non-essential goods and services (e.g. Rental expenses and furniture), and people's subjective inflation perceptions tend to be higher than the actual data.
11 Sep 2024
Faculty
China’s EV makers must overcome trust gaps to win over global buyers, survey says
China’s EV makers must overcome trust gaps to win over global buyers, survey says
Prof. Zhiwu CHEN
EY survey: Chinese EV makers must overcome trust gaps to win global buyers. 35% Asia-Pacific & 30% Europe won't buy Chinese EVs due to lack of trust. Prof. Zhiwu Chen says trust reflects broader China perceptions.
10 Sep 2024
Faculty
SCMP
The Dark Side of Algorithm: From Big Data-Driven Price Discrimination to Tacit Collusion
The Dark Side of Algorithm: From Big Data-Driven Price Discrimination to Tacit Collusion
Prof. Xiao LEI
The authors have found that pressuring businesses to implement a completely fair pricing system may actually backfire and lead to tacit collusion where consumers will ultimately suffer.
6 Sep 2024
Faculty
Africa Needs More Trade for Economic Development
Africa Needs More Trade for Economic Development
Dr. Y. F. LUK
While Africa is gaining a voice globally, with the African Union joining the G20, its economic progress lags behind. Africa's per capita income declined from 30% of the global average in 1990 to only 21% in 2023, with low participation in international trade beyond exporting raw materials.
4 Sep 2024
Faculty
HKU: Academia Excels in Data Organization for ESG; Collaboration Among Government, Business, and Academia Offers Solutions for Companies
HKU: Academia Excels in Data Organization for ESG; Collaboration Among Government, Business, and Academia Offers Solutions for Companies
Prof. Guojun He
The academic community positively impacts ESG development by integrating government, business, and academia, sharing results with both sectors. Professor He Guojun from HHKU Jockey Club Enterprise Sustainability Global Research Institute suggests that the government can propose needs or build platforms, allowing academia to provide targeted research and solutions. Additionally, the government should offer funding and simplify administration to help transform and commercialize research outcomes, aiding companies in market competition.
3 Sep 2024
Faculty
Mingpao (Chinese Only)
Distinguished HKU Business School Professors Awarded Grants by China’s National Natural Science Fund
Distinguished HKU Business School Professors Awarded Grants by China’s National Natural Science Fund
We are delighted to announce that four distinguished scholars from HKU Business School have been awarded prestigious NSFC grants this year, including the National Science Fund for Distinguished Young Scholars, the Excellent Young Scientists Fund, and the Young Scientists Fund Program. This resounding recognition is a testament to the exceptional research capability and rigorous academic standards upheld by HKU Business School.
2 Sep 2024
Faculty Development
DWQSB (Chinese Only)
SZ Edu (Chinese Only)
Shen Chuang (Chinese Only)
Our Authors
Prof. Feng TIAN

Prof. Feng TIAN

Prof. Zhiwu CHEN

Prof. Zhiwu CHEN

Prof. Yulin FANG

Prof. Yulin FANG

Prof. Michael C.L. CHAU

Prof. Michael C.L. CHAU

Prof. Xi LI

Prof. Xi LI

Prof. Joseph CHAN

Prof. Joseph CHAN

Prof. Sundara Natarajan PANCHANATHAM

Prof. Sundara Natarajan PANCHANATHAM

Dr. Tingting FAN

Dr. Tingting FAN

Prof. Heiwai TANG

Prof. Heiwai TANG

Prof. Feng TIAN

Assistant Professor

In the Media
Strategic Information Design to Safeguard Small Businesses from Innovation Misappropriation
13 Jun 2025
Can Dynamic Pricing Be a Win-Win for Tackling Gaming Addiction?
3 Apr 2024
Prof. Zhiwu CHEN

Chair Professor of Finance

Cheng Yu-Tung Professor in Finance

Director, Centre for Quantitative History

Director, Hong Kong Institute for Humanities and Social Sciences

HKU Council Member

In the Media
As US trade truce gets back on track, some Chinese exporters are ‘slowly dying’
12 Jun 2025
Will new US curbs on China’s tech tests raise electronic prices for American consumers?
3 Jun 2025
With gold demand at 9-year high, price tipped to stay strong amid Trump tariff anxiety
1 May 2025
Prof. Yulin FANG

Professor

Director, Institute of Digital Economy and Innovation

In the Media
Van Gogh in the Chip: The Impact of Artificial Intelligence on Creative Processes and the Art Market
11 Jun 2025
The Taming of the Data: Shaping a World-Class Analytics Team
5 Mar 2025
Prof. Michael C.L. CHAU

Deputy Area Head of Innovation and Information Management

Professor

In the Media
Is AI Taking Our Jobs?
7 Jun 2025
Impact of the AI Industrial Revolution on Labor Market
16 May 2025
Artificial Intelligence and the Future of Hong Kong
24 Feb 2025
Prof. Xi LI

Professor

Director, Asia Case Research Centre

Associate Director, Institute of Digital Economy and Innovation

In the Media
How Can Hong Kong Retailers Survive the Surge of Mainland E-commerce?
4 Jun 2025
Can Voluntary Data Sharing Protect Consumers?
22 Aug 2024
Prof. Joseph CHAN

Associate Director, Centre for Innovation and Entrepreneurship

Associate Professor of Practice

In the Media
Corporate Innovation: Motivations and Challenges
2 Jun 2025
Innovation Strategy Common Ground—from Poverty Alleviation to International Web3 Centre
14 May 2025
Hong Kong’s Journey Towards Becoming an International Web3 Hub
12 Dec 2024
Prof. Sundara Natarajan PANCHANATHAM

Assistant Professor

In the Media
Revolutionizing Care: Innovative Healthcare Models Transforming Emerging Economies
29 May 2025
Dr. Tingting FAN

Principal Lecturer

MBA GBA Programme Director

In the Media
HK Tourism IP and Pop Mart: A Lesson from Labubu
28 May 2025
The Rise of Decorative Figurines Sparks New Cultural IP Opportunities, Scholars Seek Government Support for Business Models
18 May 2025
The IP Strategy behind Pop Mart’s Overnight Popularity
16 Apr 2025
Prof. Heiwai TANG

Associate Dean (External Relations)

Victor and William Fung Professor in Economics

Director, Asia Global Institute

Director, APEC Study Center

Associate Director, Hong Kong Institute of Economics and Business Strategy

In the Media
Implement Industrial Metrics to Observe Trends in Industry Development
22 May 2025
‘Made-in-Hong Kong’ goods can shine with right tech, funding: industry group
13 May 2025
Silver Lining of Trade War 2.0 for the Chinese Economy
1 May 2025