Abstract:
Singapore Prime Minister Lawrence Wong warned that the global technology stock rally will eventually undergo a correction, and the Singapore government is focusing on seizing the current window of opportunity. Lawrence Wong said at the Forbes Global CEO Conference in Singapore on Thursday: "There will be an adjustment one day. We don't know when it will happen or how it will happen. We don't know who will be the victims then, but no prosperity can last indefinitely. Therefore, we must seize the current window of opportunity."
Concerns surrounding an artificial intelligence (AI) bubble have been heating up recently. Last month, several tech industry executives called for slowing down the development of advanced models to prevent the technology from growing beyond human control. Bridgewater founder Dalio warned this week that the artificial intelligence bubble may be close to bursting.
Driven by the global AI infrastructure boom, demand for semiconductors and technology hardware has increased significantly, and Asian economies such as Singapore and South Korea have benefited greatly. Singapore accounts for about 10% of the world's chip production and about 20% of the world's semiconductor manufacturing equipment. The Singaporean government recently raised its GDP growth forecast to 4.5%-5.5%.
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