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• FOMO Pay merchants in Singapore will soon be able to accept DuitNow QR payments, enabling Malaysian travellers and visitors to pay using familiar home-country banking and payment applications.
• The rollout comes ahead of the Johor Bahru–Singapore RTS Link, expected to carry up to 40,000 passengers daily upon launch in January 2027.

Enhancing Cross-Border Payment Experiences

Hashtag: #DigitalPayment #DigitalBanking #DigitalAsset #FinTech #AI

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About FOMO Pay

Visit www.fomopay.com for more information. For media inquiries, contact marketing@fomopay.com.

By T N Ashok The dust may have settled on the 2026 West Bengal Assembly election, but the political war has only intensified. Defeated former Chief Minister Mamata Banerjee has launched perhaps the most serious challenge yet to the legitimacy of the Bharatiya Janata Party’s sweeping victory, alleging that the saffron party manipulated electoral rolls, […]

The article Poll Results Were Out In Bengal A Month Ago, But Political Violence Is Still Continuing appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Advancing Research Commercialization and Building a Vibrant I&T Ecosystem

HONG KONG SAR – Media OutReach Newswire – 2 June 2026 – The Hong Kong University of Science and Technology (HKUST) today successfully hosted its annual “Unicorn Day,” one of Hong Kong’s flagship innovation and entrepreneurship events. The event brought together over 1,800 participants, including students, faculty, and alumni, as well as international and local government representatives, industry partners, investors, innovation and technology entrepreneurs, and researchers. Participants exchanged insights on strategies to strengthen collaboration across the innovation ecosystem, foster cross-disciplinary partnerships, and accelerate the translation of research outcomes into real-world impact.

The event was officiated by Prof. SUN Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government, alongside consuls-generals and senior officials from countries including Australia, Chile, France, Hungary, India, Japan, Malaysia, the Netherlands, Vietnam, and the United Arab Emirates. They were joined by Prof. Nancy IP, HKUST President; Prof. Lionel NI, HKUST (Guangzhou) President; and Prof. Tim CHENG, HKUST Vice-President for Research and Development; in touring over 100 HKUST-nurtured startups, showcasing innovations and applications spanning areas such as healthcare, electronics, and artificial intelligence systems, as well as new materials, green energy, and sustainability.

Prof. Sun Dong remarked, “Innovation and technology (I&T) has always been at the top of the Hong Kong SAR Government’s agenda. We fully recognise the crucial role of local universities — not only as key partners, but as the bedrock of Hong Kong’s I&T ecosystem. In just three and a half decades, HKUST has risen to become a global powerhouse in deep tech, entrepreneurship, and innovation as demonstrated by its ability to nurture unicorns and deep-tech ventures. Hong Kong is entering a golden era of I&T development. We are building new engines to drive Hong Kong’s high-quality development, focusing on research and development in key fields and leading industry applications. I am confident that Hong Kong will rise as a leading international I&T center and contribute meaningfully to our nation’s high-quality development, and that HKUST will continue to be a driving force in this amazing journey.”

President Ip said, “As we mark the 35th anniversary of HKUST this year, we also celebrate the spirit of innovation and entrepreneurship that has long been embedded in our DNA. Both the Technology Transfer Center and the Entrepreneurship Center were established in the University’s early years to support faculty and students in realizing their entrepreneurial aspirations and to promote the translation of research outcomes into practical solutions. Over the past 35 years, the University has forged ahead with determination, sowing the seeds of innovation and yielding remarkable achievements across multiple frontier fields. Today, HKUST continues to broaden its horizons, strategically positioning itself in key domains. One example is medical education. The establishment of the HKUST Medical School will integrate the life sciences with cutting-edge technologies to nurture a new generation of interdisciplinary medical professionals.

Concurrently, HKUST has been actively involved in national initiatives such as the Chang’E 8 lunar exploration mission and research projects for the Tiangong Space Station, and the launch of the first commercially viable aerospace project under the RAISe+ Scheme. These achievements exemplify HKUST’s enduring ‘can do’ spirit over the past decades and echo the theme of today’s event—’From Ideas to Miracles—35 Years of Impact and Beyond’. Looking ahead, HKUST will continue to nurture bold ideas and action, working hand in hand with partners across different sectors to cultivate a vibrant innovation ecosystem, ensuring that research achievements benefit society and create lasting global impact.”

To support startups in expanding into global markets and to promote cross-border collaboration, HKUST introduced an “International Pavilion,” featuring startups and innovation organizations from various countries and regions. Participants from Thailand, Singapore and Korea were among those represented, strengthening connections between Hong Kong, and countries and regions along the Belt and Road in technology application and industry development.

The event also saw the signing of multiple partnership agreements, including six strategic collaborations with:

• GPTX Investment Management Limited
• China Everbright Water Limited
• Jiangsu Daotop Environmental Technology
• Samsung R&D Institute China – Guangzhou
• CalmCar Physical AI Innovation Center
• InnoAngel

to advance talent development and industry–academia integration, and foster innovation-driven research and real-world technology translation.

HKUST’s I&T Strength Driving Economic Growth

In addition, HKUST also released the report Driving Socioeconomic Impact Through Research and Innovation: Insights from HKUST, commissioned by the University and prepared by the international research information analytics organization Elsevier. The report highlights HKUST’s outstanding performance in innovation and entrepreneurship. Over the past five years, research output has recorded an average growth of 10%, approximately 9% higher than that of other local institutions. More than 65% of the research is concentrated in engineering and computer science, while 6.2% involves academia-industry collaboration, significantly higher than the global average of 2.7%. These collaborations have translated into impactful intellectual property, with approximately 1,670 patent applications and 700 grants over the same period, and a high IP utilization rate of above 30%.

Prof. Tim Cheng noted that the findings demonstrate HKUST’s steadily strengthening capabilities in research translation and academia-industry collaboration. HKUST’s publications achieved a Field-Weighted Citation Impact of 4.40, indicating that their citation impact is 4.4 times the global average. This underscores HKUST’s significant contributions to advancing Hong Kong’s socioeconomic development and enhancing its competitiveness in innovation and technology.

In addition, a “Marketplace” was also featured, showcasing products already launched by startups, including AI analytics tools, healthcare technologies, and smart city solutions, demonstrating the progress of translating research into practical applications.

Hashtag: #unicorn #unicornday #HKUST #partnership #innovation #startup #tech #AI #space #robotics #materialscience

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Financial markets are inherently complex systems shaped by price dynamics, capital flows, macroeconomic cycles, policy changes, and investor sentiment. Traditional financial modeling approaches, typically grounded in historical data, empirical assumptions, and linear analysis, face limitations in capturing such multidimensional interactions. AI for Science introduces new methodologies through simulation, advanced reasoning, and multivariable modeling, offering a broader analytical perspective.

The application of AI is not positioned as a replacement for traditional financial models, but as an enhancement to analytical capabilities in conditions of uncertainty. In areas such as asset valuation, risk exposure assessment, and macroeconomic scenario simulation, the central challenge lies in understanding variable interactions and maintaining model interpretability under extreme conditions. AI-driven approaches contribute to improved analysis by enabling more comprehensive scenario testing and deeper insight into systemic relationships.

Chow Kit Hui, founder of KitHui Growth Financial Academy, continues to monitor advancements in AI training architectures, algorithm optimization, and scientific research-grade artificial intelligence. Ongoing engagement with developments in intelligent decision-making and financial technology reflects a commitment to integrating emerging methodologies into financial research and education frameworks.

Insights from the Science x AI Summit 2026 indicate that the long-term value of AI extends beyond efficiency gains and content generation. Greater potential lies in supporting the analysis of complex systemic challenges. In financial applications, AI is not expected to eliminate risk or replace professional judgment; however, it can contribute to earlier risk identification, more robust assumption testing, and decision-making processes that more accurately reflect real-world complexity.

Hashtag: #ScienceXAI #ChowKitHui #AIforScience

https://www.kithuiacademy.com/

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About KitHui Growth Financial Academy

KitHui Growth Financial Academy focuses on advancing structured and long-term financial understanding across key areas including global asset allocation, corporate mergers and acquisitions, private equity, derivatives, risk management, macroeconomic research, and financial valuation modeling. The academy emphasizes systematic thinking and rational analysis rather than short-term market forecasting or speculative investment strategies.

The stock climbed about 6 per cent on Tuesday as investors reacted to signs that Tencent is moving closer to embedding a task-performing assistant inside WeChat, the messaging, payments and social platform used by more than 1.4 billion people. The prototype is designed to help users complete everyday actions within the app, including finding venues, interacting with mini-programmes and placing customised orders, rather than merely answering questions in chatbot form.

The planned agent would mark a significant step in Tencent’s push to convert its AI investments into consumer products at scale. WeChat already functions as a digital operating system for daily life in China, covering messaging, payments, shopping, food delivery, public services, entertainment, ride-hailing and enterprise communication. That reach gives Tencent an advantage that few rivals can match: a single platform with a vast user base, heavy daily engagement and a dense network of third-party services.

People familiar with the prototype have indicated that users would be able to access the AI agent through a swipe gesture on the main WeChat screen. Tencent is expected to begin the regulatory compliance process before wider testing, with a small group of external users likely to receive access before any phased public launch. A firm release date has not been set, reflecting both regulatory uncertainty and the technical demands of deploying agentic AI across a platform of WeChat’s size.

The market response underscores how investors are reassessing Tencent’s AI position after months of concern that the company was trailing Alibaba, ByteDance and Baidu in the race to commercialise generative AI. Tencent has promoted Yuanbao, its AI chatbot, developed its Hunyuan foundation model and introduced productivity-focused AI tools, but WeChat remains the asset most capable of turning those efforts into a daily consumer habit.

Tencent’s first-quarter earnings showed both the strength and the cost of that strategy. Revenue rose 9 per cent year on year to RMB196.5 billion, while IFRS net profit attributable to equity holders increased 21 per cent to RMB58.1 billion. Marketing services revenue rose 20 per cent to RMB38.2 billion, helped by AI-driven advertising improvements, while domestic games revenue grew 6 per cent and international games revenue climbed 13 per cent. Capital expenditure reached RMB31.9 billion, up 16 per cent, as spending on AI infrastructure continued to rise.

The company has told investors that new AI products are weighing on margins, even as core businesses continue to generate strong cash flow. Excluding new AI products, non-IFRS operating profit rose 17 per cent in the first quarter, compared with a 9 per cent increase overall. That gap highlights the near-term drag from AI investment, but also explains why investors are sensitive to any sign that Tencent can place AI directly into revenue-generating services.

Competition is intensifying across China’s technology sector. Alibaba has pushed Qwen into consumer and enterprise markets, ByteDance has expanded AI features across its content ecosystem, and Baidu continues to build around Ernie and AI cloud services. The key battleground is shifting from chatbots to agents that can perform tasks, connect with apps and act across digital services with limited user input.

WeChat’s mini-programme ecosystem could be central to Tencent’s approach. Millions of merchants, developers and service providers already operate within the platform, allowing an AI agent to navigate services without pushing users outside Tencent’s environment. For merchants, an effective agent could increase conversion rates by shortening the path from search to purchase. For Tencent, it could deepen engagement, improve advertising relevance and strengthen its fintech and business services ecosystem.

Regulation remains a critical constraint. China requires generative AI services offered to the public to comply with rules covering data security, content control and algorithmic governance. Any WeChat agent would need to satisfy those requirements before broad release, especially because it could interact with payments, commerce and public services.