Keith Li King-wah\u2019s business once thrived during the 2010s. In a crowded field of more than 100 rivals, his programming consultancy, Innopage, easily secured contracts worth hundreds of thousands of Hong Kong dollars to develop basic digital tools, such as a mortgage calculator, for corporations and government agencies.<\/p>\n
But those easy-money days are gone. The rapid rise of generative artificial intelligence<\/a> (AI) has transformed high-value coding into widely accessible and automated services, leaving Li\u2019s award-winning 20-person venture obsolete.\u201cSince the emergence of ChatGPT<\/a> in 2023, the industry has shrunk to the point where players can be counted on two hands. The programming ecosystem has been hit the hardest,\u201d Li said.<\/p>\n Li is among a wave of industry leaders scrambling to outpace the new technology long before the government pivoted towards an \u201cAI for all\u201d initiative, alongside a massive overhaul of school curricula and vocational retraining.<\/p>\n As part of this initiative, HK$50 million (US$6.4 million) will be allocated to build public awareness and skills through AI courses, seminars and competitions focused on responsible use.<\/p>\n To support the current workforce, the Employees Retraining Board will be rebranded as \u201cUpskill Hong Kong\u201d, focusing on providing skills-based AI training to enhance local competitiveness.<\/p>\n","protected":false},"excerpt":{"rendered":"Keith Li King-wah\u2019s business once thrived during the 2010s. In a crowded field of more than 100 rivals,…\n","protected":false},"author":2,"featured_media":345798,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[157772,220,218,219,2670,157778,157771,157777,157775,15841,240,157773,61,157776,60,1071,1682,157770,157774,80],"class_list":["post-345797","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ac-lawyers-llp","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-chatgpt","tag-civil-service-college","tag-dall-e","tag-employees-retraining-board","tag-gammon-construction","tag-greater-bay-area","tag-hong-kong","tag-hong-kong-polytechnic-university","tag-ie","tag-innopage","tag-ireland","tag-microsoft","tag-openai","tag-productivity-council","tag-quality-education-fund","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/345797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=345797"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/345797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/345798"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=345797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=345797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=345797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}