HSBC veteran banker Peter Wong urges Hong Kong’s youth to be wary of generative AI as technology can create uncertainty
- ‘I have been in banking for 42 years now and have gone through 12 crises, and every time Hong Kong bounced back strongly,’ HSBC banker says
- Leveraging Hong Kong’s hub status and acting as a gateway to China will be the key to city’s future
Generative artificial intelligence (AI) is adding uncertainty to an already uncertain world, but Hong Kong can cope with the challenges by leveraging its hub status and acting as a gateway to China, according to veteran HSBC banker Peter Wong Tung-shun.
“The younger generation today has access to a lot more information than we had in my day,” Wong said in City Business Magazine, a biannual publication of City University, of which he is chairman of the international advisory board. “The world is very uncertain. With generative AI, quantum computing, everything is going to go faster and faster.”
The main challenge for students is to make sure the information is genuine and use that information judiciously, he added.
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Wong, 72, the non-executive Asia-Pacific chairman of Hong Kong’s largest bank, believes the city can cope with the challenges of a fast-changing world, “as the people of Hong Kong know how to navigate”.
“I have been in banking for 42 years now, in those years I have gone through 12 crises,” he said. “May it be pandemic, may it be caused by politics, or may it be economics. But every time, Hong Kong bounced back very strongly.”
