Heng Swee Keat, a director at Singapore’s sovereign wealth fund GIC and the city-state’s former deputy prime minister, speaks at the Caixin Summer Summit 2026 in Hong Kong on Thursday. Photo: Caixin

Investors looking to navigate potential bubbles in artificial intelligence (AI) should focus on the technology’s infrastructure, monetization platforms and industry-specific applications, according to Heng Swee Keat, a director at Singapore’s sovereign wealth fund GIC and the city-state’s former deputy prime minister.

As generative AI fuels market volatility and lofty valuations, Heng’s remarks at the Caixin Summer Summit in Hong Kong on Thursday offered a roadmap for how long-term investors can manage risk while…