In the Media

In 2023, AI has generated over 100million songs, and it is estimated AI will take over 50% of the music market by 2030. AI technology has opened up a new era in music creation, allowing anyone to generate music through a few text commands, challenging the music industries. However, the record companies shouldn't reject AI. Instead, they can seek new business models to reshape the industry with AI.

Prof. Heiwai Tang, Associate Dean of HKU Business School and Director of the Asia Global Institute shared in an interview with the TVB Pearl programme that the trade war has deteriorated with decoupling notably underway in the technology sector like semiconductors, AI and robotics. However, he believes that Hong Kong can still capitalise the opportunities ahead, positioning the city as a centre for supply chain management and professional services such as financial services and tax advisory consulting.