GIC Sees ‘Hype Bubble’ in AI Ventures, Risk of Bond Selloffs (2)

A “hype bubble” is building in early-stage AI venture investing, warns GIC Pte’s chief investment officer, who joins a growing chorus of investors sounding alarms over the sector’s boom.

“If the technology doesn’t catch up and doesn’t deliver as per the high expectations that the market’s pricing in, then we’re in for a bubble,” group CIO Bryan Yeo said at the Milken Institute Asia Summit in Singapore on Friday.

Yeo also warned of a fiscal risk event especially after governments around the world increased borrowing during the pandemic. “The question is whether the world can grow out of this ...