🚨 Singapore alerts on risks of AI investment 🚨 The Monetary Authority of Singapore warns that the global economy could be threatened by its growing dependence on artificial intelligence. Spending on AI is driving much of the growth in the U.S. However, energy and chip costs continue to rise. Chia Der Jiun highlights that the concentration of profits could exacerbate inequality. Markets must reassess their expectations regarding the sustainability of these investments.
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