JP Morgan's head of Asia Pacific alternatives institutional client strategy
Charles Wu said at the SuperReturn conference in Singapore on Wednesday that
foreign investors are increasingly financing North American AI compute
infrastructure. He said investors from Asia and the Gulf — including foreign
banks, pension funds, sovereign wealth funds and insurers — are key funding
sources; AI industry capex is approaching $1 trillion, and compute assets for
model training remains concentrated in North America, with capital provision
across banks and asset managers becoming more global.
