“The west coast is a haven for entrepreneurship as it has a comprehensive ecosystem of funding and universities. They have been doing it for the past six to seven decades,” Wong told a radio show.
But he said Hong Kong businesses should focus on pitching how their products could be used and “talk less” about AI abilities.
Advances in AI have become a source of tension between the United States and China, with Washington restricting access by Chinese firms to some of the most advanced chips used to power the technology.
The rivalry has come into particularly sharp focus following the recent unveiling of a powerful AI model by Chinese start-up DeepSeek, a low-cost competitor to market leaders such as the US-based OpenAI and its well-known ChatGPT tool.