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 remain concentrated in North A

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 remain concentrated in North America, with capital provision across banks and asset managers becoming more global.