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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
Dr. Stephen Y CHIU

Dr. Stephen Y CHIU

Prof. Matthias BUEHLMAIER

Prof. Matthias BUEHLMAIER

Dr. Vera Wing-han YUEN

Dr. Vera Wing-han YUEN

Dr. Chi Pui HO

Dr. Chi Pui HO

Prof. Guojun HE

Prof. Guojun HE

Prof. Heiwai TANG

Prof. Heiwai TANG

Prof. Yang LIU

Prof. Yang LIU

Prof. Michael C.L. CHAU

Prof. Michael C.L. CHAU

Dr. Stephen Y CHIU

Honorary Associate Professor

In the Media
Trump’s High Tariffs Backfire on the North American Automotive Industry
12 Mar 2025
CPI or EPI, or Both?
11 Sep 2024
Behavioural Economics on Risk Aversion and Gambling
24 Apr 2024
Prof. Matthias BUEHLMAIER

Associate Professor of Teaching

BBA (IBGM) Programme Director

In the Media
Quantamental Investing in the Age of Accelerating AI
7 Mar 2025
Dr. Vera Wing-han YUEN

Lecturer

In the Media
‘Ding Dings’ need to travel faster and more frequently
6 Mar 2025
Hong Kong’s Housing Challenges
17 Oct 2022
阮穎嫻：擲出精靈球也無法變出公屋
14 Jun 2022
Dr. Chi Pui HO

Lecturer

In the Media
28Hse Updates on Property Price and Rental Index: Dr. Ho Anticipates a 5% Recovery in Prices This Year
5 Mar 2025
Analysing Hong Kong’s Overall Economic Situation with Data
21 Aug 2024
Analyzing Hong Kong’s Overall Economic Situation with Data – Part Two
18 Jul 2024
Prof. Guojun HE

Professor in Economics

Director, HKU Jockey Club Enterprise Sustainability Global Research Institute

Associate Director, Institute of China Economy

In the Media
Turning Climate Risks into Development Opportunities: Policy Insights for Hong Kong’s Economic Outlook
3 Mar 2025
How Can Corporates Implement ESG Initiatives: A win-win for Society and Economy
13 Nov 2024
HKU: Academia Excels in Data Organization for ESG; Collaboration Among Government, Business, and Academia Offers Solutions for Companies
3 Sep 2024
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
Western Countries Would Envy Hong Kong’s Financial Position
3 Mar 2025
Conservative Budget Approach: Calls for Increased Cuts to Address Hong Kong’s Financial Challenges
27 Feb 2025
Balancing Budget and Growth: Optimism for Hong Kong’s Economic Future
26 Feb 2025
Prof. Yang LIU

Associate Professor

In the Media
Hong Kong’s Debt Levels Are Sound: Tax Increases and Deficit Reductions Are Predominantly Seen in High-Debt Countries
27 Feb 2025
Hong Kong’s Fiscal Deficit: A Comprehensive Analysis
13 Jan 2025
香港聯繫匯率制度損益評估
5 Feb 2024
Prof. Michael C.L. CHAU

Deputy Area Head of Innovation and Information Management

Professor

In the Media
Artificial Intelligence and the Future of Hong Kong
24 Feb 2025