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Goodman Group Leads US$2.7B Data Centre Push to Power AI Growth in Hong Kong

Goodman Group has formed a $2.7 billion investment consortium with major global partners to develop and manage data centres in Hong Kong. The initiative targets growing AI and cloud computing demand in the Asia-Pacific, with six facilities offering 325 MVA of power capacity. The move reinforces Hong Kong’s role as a regional digital infrastructure hub.

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AI to Add US$15.7 Trillion to Global Economy by 2030, But Challenges Remain

Artificial Intelligence is transforming sectors from finance to healthcare, with projections indicating a $15.7 trillion boost to global GDP by 2030. Markets like Australia and Hong Kong are accelerating adoption, yet face hurdles such as AI talent shortages, ethical concerns, and the dominance of tech giants. This report explores the economic impact, opportunities, and challenges of AI’s global rise.

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Goodman Group Accelerates AI Data Center and Warehouse Expansion Across Australia

Goodman Group, Australia’s leading industrial property developer, is ramping up investment in AI-driven data centers and automated warehouses. With major projects planned across Sydney and key global cities, the company is leveraging strategic partnerships and robust funding to meet growing demand for digital infrastructure and support Australia’s digital economy.

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Australia Expands Use of AI to Tackle Predatory Lending and Protect Vulnerable Borrowers

Australian regulators are increasingly turning to artificial intelligence to detect and address predatory lending. By integrating AI into oversight processes, authorities aim to protect vulnerable consumers and strengthen regulatory compliance as cost-of-living pressures persist and financial hardship complaints rise.

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Citi Launches AI Tools for Hong Kong Staff to Boost Internal Efficiency

Citigroup has rolled out “Citi AI” tools to its Hong Kong employees, providing AI-powered support for tasks such as document summarization and policy retrieval. The initiative is part of Citi’s global strategy to enhance operational efficiency and aligns with local regulatory efforts to advance responsible AI use in financial services.

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Hong Kong Invests HK$1 Billion in AI, Plans 10,000 Civil Service Job Cuts to Address Deficit

The Hong Kong government has announced a HK$1 billion investment in artificial intelligence research and development, alongside plans to reduce the civil service workforce by 10,000 positions by 2027. The dual strategy seeks to stimulate economic growth through innovation while addressing significant fiscal pressures.

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Microsoft Lays Off 7,000 Employees to Advance US$80 Billion AI Investment Amid Industry Shift

Microsoft is laying off 7,000 employees worldwide, or about 3% of its workforce, to support a major $80 billion investment in AI infrastructure and technology development. The cuts, affecting various departments and management levels, highlight a strategic realignment as Microsoft aims to strengthen its position in the competitive AI market while navigating macroeconomic pressures.

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Microsoft Surpasses Q3 Earnings Estimates as AI and Cloud Drive Strong Growth

Microsoft’s fiscal Q3 2025 results exceeded analyst expectations, with $70.1 billion in revenue and a 13% year-over-year growth, driven by strong AI and cloud performance. The company’s strategic investments in AI infrastructure and partnerships, including its ongoing collaboration with OpenAI, underscore its focus on next-generation technologies.

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OpenAI Launches Flex Processing: Lower API Costs for o3 and o4-mini with Trade-Offs

OpenAI has announced Flex processing, a new beta API option offering reduced costs for its o3 and o4-mini models. Targeted at developers with non-urgent workloads, Flex processing provides budget-friendly access but with slower response times and mandatory ID verification. The move strengthens OpenAI’s competitive position in the evolving AI landscape.

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Trump Tariffs Shake AI Industry: Nvidia Hit, Markets React, Supply Chains Shift

The Trump administration’s aggressive trade measures—including a 125% tariff on Chinese goods and tighter AI export restrictions—have created new hurdles for the global AI industry. Companies like Nvidia face financial setbacks and supply chain challenges, while broader markets reel from increased uncertainty.

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AI Projected to Add US$22.3 Trillion to Global Economy by 2030, IDC Finds

Artificial intelligence is projected to contribute US$22.3 trillion to the global economy by 2030, according to IDC’s latest analysis. The report highlights AI’s growing role across industries, its powerful economic multiplier effect, and global efforts to expand AI infrastructure to drive innovation and regional competitiveness.

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