TLDR: Singapore’s sovereign wealth fund, GIC, is significantly expanding its adoption of artificial intelligence across its operations to bolster investment decision-making and improve efficiency. This strategic move follows the establishment of its AI Council in 2023 and includes the development of innovative tools like a virtual investment committee member, designed to enrich internal discussions and challenge assumptions. GIC views AI as a foundational shift, applying a segmented approach to investing across the AI value chain, encompassing enablers, monetizers, and adopters.
Singapore’s sovereign wealth fund, GIC, is broadening its integration of artificial intelligence (AI) throughout its organization, aiming to enhance investment decision-making and operational efficiency. This initiative stems from encouraging outcomes observed in initial AI experiments and aligns with the fund’s overarching strategy to refine its decision-making processes. The commitment to AI was solidified with the formation of GIC’s AI Council in 2023.
As part of its AI endeavors, GIC is actively developing advanced tools, notably a prototype of a ‘virtual investment committee member.’ This innovative tool is engineered to support internal deliberations by generating pertinent questions, rigorously testing assumptions, and offering alternative perspectives. According to Lim Chow Kiat, GIC’s Chief Executive Officer, this tool leverages GIC’s extensive institutional knowledge and is currently being piloted within the Fixed Income and Multi Asset department. Lim emphasized that it is an ongoing ‘experiment’ that continuously refines its approach with each use, though he cautioned about the potential for ‘hallucination’ in large language models.
Lim Chow Kiat highlighted AI as a ‘foundational shift offering unparalleled opportunities.’ GIC’s investment teams are adopting a segmented approach to AI-related opportunities, focusing on investing across the entire AI value chain, which includes ‘enablers, monetizers, and adopters.’
The announcement regarding GIC’s expanded AI adoption coincided with the release of its latest annual performance report. The fund reported an annualized nominal USD return of 5.7% over the 20 years ending March 31, 2025. After accounting for global inflation, the real rate of return for the same period was 3.8%. GIC considers this 20-year real return as its primary performance metric, consistent with its mandate to preserve and grow the international purchasing power of Singapore’s reserves.
In response to the current volatile global landscape, GIC stated its focus on portfolio resilience, achieved through a long-term value orientation and strategic diversification across various asset classes, sectors, geographies, and time periods. Lim explained that ‘granularity’ in their approach means adopting a targeted investment strategy by dissecting broader themes into distinct opportunistic segments. He also stressed the importance of ‘agility’ to enable GIC to act decisively as market trends evolve.
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Beyond internal adoption, GIC has also contributed to the global growth of AI capabilities by providing long-term capital to companies focused on improving their AI technologies. Furthermore, GIC has actively fostered discussions on AI adoption, organizing ‘Bridge Forums’ in 2023 and 2025 that brought together investors and global business leaders. Lim stated, ‘Now that we have laid the foundations for good data, tools, and governance, we are accelerating the adoption of AI across the organisation. The more our employees use AI, the more familiar they become with its benefits and constraints.’
