‘Phenomenal’ amount of capital going into AI could be more spread out: Temasek CEO
Temasek's Dilhan Pillay Sandrasegaran and DBS' Tan Su Shan spoke at the Forbes Global CEO Conference, where American billionaire investor Ray Dalio also warned of a "classic bubble".
Temasek's CEO Dilhan Pillay Sandrasegaran expressed concern during the Forbes Global CEO Conference that the "phenomenal" influx of capital into artificial intelligence (AI) might be overly concentrated. Many funds are currently directed towards AI infrastructure, chips, and models, rather than adoption. Sandrasegaran emphasized the need to consider capital availability for AI adoption, as borrowing costs for companies undergoing transformations and adopting AI could rise due to inflationary pressures.
The panel also included DBS Group CEO Tan Su Shan and Franklin Templeton CEO Jenny Johnson. Tan discussed encouraging AI adoption through safe experimentation and failure, while Johnson warned of a classic bubble in AI investment.
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