China’s $1.3tn sovereign fund to invest in AI to power 'growth dividends’

China Investment Corporation (CIC) is positioning itself to strategically invest in artificial intelligence (AI) for its overseas portfolio, aiming to capitalise on the technological revolution, according to its latest annual report. “At CIC, we are closely monitoring AI-related investment opportunities,” the sovereign wealth fund said in its 2023 annual report, released on September 27. “We are strengthening our collaborations with top-tier investment managers and tracking indu…