Jin10 data reported on October 3 that the Chief Investment Officer of the Government of Singapore Investment Corporation (GIC) has warned that an "hype bubble" is forming in the early-stage artificial intelligence venture capital sector, joining the ranks of investors cautioning against the industry's boom. The group's Chief Information Officer, Bryan Yeo, stated, "If the technology does not catch up and meet the high expectations priced in by the market, we will fall into a bubble." He also warned that especially after governments around the world increased borrowing during the pandemic, fiscal risk events could arise. He said, "The question is whether the global economy can escape such a large debt burden." He added that it is politically difficult for governments to propose spending cuts and tax increases to voters, which could ultimately lead to investors forcing governments to respond by driving up yields, shaking global markets and leading to a loss of confidence in a country's currency.
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Institutions warn: There is a "hype" bubble in the AI venture capital field, and the bond market may face dumping risks.
Jin10 data reported on October 3 that the Chief Investment Officer of the Government of Singapore Investment Corporation (GIC) has warned that an "hype bubble" is forming in the early-stage artificial intelligence venture capital sector, joining the ranks of investors cautioning against the industry's boom. The group's Chief Information Officer, Bryan Yeo, stated, "If the technology does not catch up and meet the high expectations priced in by the market, we will fall into a bubble." He also warned that especially after governments around the world increased borrowing during the pandemic, fiscal risk events could arise. He said, "The question is whether the global economy can escape such a large debt burden." He added that it is politically difficult for governments to propose spending cuts and tax increases to voters, which could ultimately lead to investors forcing governments to respond by driving up yields, shaking global markets and leading to a loss of confidence in a country's currency.