Inflation may rise again, but bet on areas like AI to yield long-term returns: Bank of Singapore

Quick Summary:

AI will have the greatest impact on the investment landscape in the next five years, a snap poll at the bank's event shows.

It noted that emerging economies with large domestic economies, such as Indonesia and Vietnam, mineral-rich countries such as Canada, Australia and some in the Middle East will also benefit.

BOS sees capital expenditure on AI semiconductors by chipmakers continuing and noted that AI chipmakers such as Nvidia and Advanced Micro Devices have already revealed roadmaps for product development over the next few years.

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Category: EconomyBusiness

Markets: SingaporeAustraliaCanadaChinaIndonesiaUkraineVietnam

Topics: Emerging Chief Years Economies Mohi-uddin Likely Summit Investment Election Investments Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 05:00:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 739 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 21668420

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