Hong Kong must brace for AI bubble risk and quantum computer threat: HKMA chief

Hong Kong must brace for the emerging risks of an artificial intelligence (AI) bubble bursting and quantum computers capable of hacking encrypted financial systems, the head of the city’s de facto central bank has warned. Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), also said on Sunday that the banking regulator would focus on expanding the internationalisation of the yuan in the next few years. Yue cautioned that the current euphoria surrounding the AI sector...