THE SINGAPORE GOVERNMENT INVESTMENT CORPORATION GIC: A PRECAUTIONARY APPROACH TO ARTIFICIAL INTELLIGENCE INVESTMENT

ON 24 JULY, THE SINGAPORE GOVERNMENT INVESTMENT CORPORATION GIC STATED THAT IT WOULD TAKE A CAUTIOUS APPROACH TO INVESTMENT IN ARTIFICIAL INTELLIGENCE; FOCUS ON ADVANCED SEMICONDUCTOR MANUFACTURING AND DESIGN; AND TARGET INVESTMENT IN ARTIFICIAL INTELLIGENCE (AI) PHYSICAL INFRASTRUCTURE, INCLUDING POWER AND GRID FACILITIES FOR DATA CENTRES. BY THE END OF MARCH, THE EXPOSURE OF THE GIC IN THE ASIA-PACIFIC REGION WAS 22 PER CENT, COMPARED TO 24 PER CENT FOR THE SAME PERIOD THE PREVIOUS YEAR. THE GIC HAS 19 PER CENT EXPOSURE IN EUROPE, THE MIDDLE EAST AND AFRICA, COMPARED TO 20 PER CENT IN THE SAME PERIOD OF THE PREVIOUS YEAR. THE GIC ' S SHARE OF EXPOSURE IN THE AMERICAS WAS 53 PER CENT, COMPARED TO 49 PER CENT DURING THE SAME PERIOD OF THE PREVIOUS YEAR. THE EQUITY PORTFOLIO WAS 56 PER CENT COMPARED TO 51 PER CENT A YEAR AGO. THE FIXED-INCOME PORTFOLIO REPRESENTED 22 PER CENT, COMPARED WITH 26 PER CENT A YEAR EARLIER. THE PORTFOLIO OF PHYSICAL ASSETS WAS 22 PER CENT, COMPARED WITH 23 PER CENT A YEAR EARLIER。