The Global AI Competitiveness Index report recently released its fifth part, which shows that Hong Kong ranks third with a score of 76 in global AI competitiveness based on financial hub cities. The above report was jointly released by the UK financial data agency Deep Knowledge Group and the Hong Kong Financial Development Council (referred to as the "Golden Hair Council"). The report points out that in terms of finance, financial services, and economic impact, China's AI competitiveness ranks second in the world, second only to the United States. The report "AI for Finance Ecosystem in Hong Kong" released at the same time analyzed that Hong Kong's AI financial ecosystem is a dynamic and rapidly developing network that is leading the innovation of the financial services industry. Currently, Hong Kong is at the forefront of the world in AI driven industries such as banking and retail. Many financial institutions in Hong Kong are also leading technological innovations in areas such as algorithmic trading, fraud detection, and risk management, promoting the development of "AI driven financial solutions". The Executive Director of Hong Kong Golden Hair Council, Au King lam, pointed out that the Hong Kong SAR government has been actively promoting the application of AI in the financial sector. The Hong Kong Monetary Authority's previous multi phase generative artificial intelligence sandbox and the "FinTech 2030" plan are all implementing this development concept. Professor Patrick Glauner from the Deggendorf Institute of Technology in Germany believes that Hong Kong may also become a leader in quantum computing in the financial sector in the coming years. With the continuous development of quantum computers, more and more application scenarios will become possible. This is a huge opportunity for Hong Kong, and if it can position itself as a leader in this field as soon as possible, it will be very beneficial for Hong Kong to consolidate its position as a financial center. (New Society)