GIC Announces $1.9 Billion Investment in AI Start-up Anthropic

GIC, Singapore's sovereign wealth fund, has committed to investing $1.9 billion in the artificial intelligence start-up Anthropic. This significant investment highlights GIC's strategic focus on AI technology and innovation. The announcement coincides with a market day where Singapore stocks opened lower, with the STI down 0.5%. Key stocks such as SingPost, UOB, DBS, and Yangzijiang Shipbuilding also saw declines.