Author Archives: Sammy Fung

Park Island Transport’s Successful Application to Reduce Ferry Services Will Inevitably Affect Ma Wan Traffic

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On June 8, the Transport Department attended a Ma Wan traffic consultation meeting, responding to Park Island Transport Co. (PITCL)’s application to reduce Park Island ferry services. Residents at the meeting unanimously opposed PITCL’s plan to “cut ferries,” which violates Continue reading Park Island Transport’s Successful Application to Reduce Ferry Services Will Inevitably Affect Ma Wan Traffic→

The Rise and Fall of Builder.ai: Lessons from AI Washing, Financial Mismanagement, and the GenAI App Development Market

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Builder.ai, a UK-based startup once hailed as a near-unicorn with a $1.5 billion valuation, promised to revolutionize app development through artificial intelligence (AI). Its dramatic collapse into bankruptcy in May 2025 has sparked discussions about the perils of “AI washing,” Continue reading The Rise and Fall of Builder.ai: Lessons from AI Washing, Financial Mismanagement, and the GenAI App Development Market→