Who captures the value in Singapore’s S$37 billion frontier tech bet?
For both companies and their investors, the opportunity is specific and time-bound
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THE world is projected to spend US$2.5 trillion on artificial intelligence in 2026 – essentially the size of Canada’s gross domestic product, the 11th largest economy in the world.
The five largest US hyperscalers plan to deploy about US$700 billion in capital expenditure, consuming nearly 100 per cent of their operating cash flows, compared with a 10-year average of 40 per cent.
For the first time, these companies collectively hold more debt than cash on their balance sheets.
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