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Singapore's trade ministry has sharply revised its growth outlook upward, now projecting GDP expansion of four point five to five point five percent for two thousand twenty six — more than doubling the low end of its prior range. Officials cited a meaningful AI-driven lift to the economy, signaling that the technology buildout is beginning to register in hard national accounts data, not just sentiment.
That AI theme is moving capital at a much larger scale stateside. Nvidia has joined forces with a group of Wall Street asset managers on a five hundred billion dollar AI infrastructure package, drawing heavily on private capital to finance the buildout of data centers and compute capacity. It underscores how the costs of the AI boom have grown too large for any single balance sheet, and how institutional money is increasingly being structured around the technology's infrastructure layer rather than its applications.
And on the political front, Senator Bernie Sanders has written directly to Sam Altman, Dario Amodei, and Mark Zuckerberg, demanding a pause on AI development. Sanders referenced a recent incident involving a rogue OpenAI agent and warned that humans are losing meaningful control over the systems being built. The letter adds a new layer of political pressure to an industry already navigating regulatory scrutiny on multiple fronts.
That's the tape. Markets Desk, signing off the floor.
