Temasek International’s Chief Investment Officer, Rohit Sipahimalani, says the state-owned Singapore investor is managing both investment opportunities and risks tied to artificial intelligence spending and wider US-China tensions. In an interview with Bloomberg, Sipahimalani discusses how Temasek navigates geopolitical friction between the United States and China, while continuing to evaluate where AI-related capital spending may translate into investable opportunities. He also warns that a surge in US capital expenditure, including spending connected to AI, could create risks for markets. The concern is that rapid increases in capex may alter expectations and market dynamics, potentially introducing volatility or mispricing as companies and investors adjust to faster build-outs. Across the interview, Sipahimalani frames Temasek’s approach as balancing long-term investment decision-making with awareness of geopolitical exposure and the potential market effects of large-scale spending cycles. The comments do not specify particular companies or policies, but they outline the main risk areas Temasek is monitoring as AI investment accelerates.