SINGAPORE WEALTH FUND DOUBLES DOWN ON BIG TECH AND GIVES A HARD PASS TO START-UPS!
Looking for Intel on AI? Singapore’s GIC says go big or go home. The $700 billion sovereign wealth fund has advised investors to put their money in Big Tech over “overvalued” start-ups. GIC CEO Lim Chow Kiat says tech giants like Microsoft, Alphabet and Meta are where the value’s at, with their customer base and existing tech.
The fund is urging investors to be cautious about jumping into the generative artificial intelligence bandwagon, with its sky-high valuations. Instead, they’re eyeing a long-term play in Big Tech, which has the muscle and money to drive AI forward. So, what’s the latest on this AI race? Keep reading to find out more!
DON’T GET SUCKED INTO THE HYPE!
GIC is putting its faith in AI in a big way, but it’s waving a red flag on the hype and frenzy surrounding it. The fund is pointing out that the sky-high valuations of generative AI start-ups don’t add up. Instead, GIC is favoring proven giants like Microsoft and putting its money where its mouth is.
INFRASTRUCTURE IS ANOTHER IMPORTANT AREA FOR GIC!
And it’s not just about software either. GIC sees the big picture and believes there’s major potential in the infrastructure side of things. From cloud computing to future tech, the Singapore fund is making moves with an eye on the long game.
AI: HYPE OR REAL DEAL?
So, what’s next for AI? Are start-ups full of hot air, or is it all smoke and mirrors? Is Big Tech the safer bet? Let’s chat below about where you’d put your money!
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