Sovereign Fund GIC Uses AI ‘Devil’s Advocate’ for Dealmaking

GIC, one of the world's largest sovereign wealth funds, is leveraging artificial intelligence (AI) to enhance its investment decision-making process. The fund has developed two AI tools: a Virtual Investment Committee and an "Agentic Devil's Advocate" chatbot. The Virtual Investment Committee simulates the deliberations of GIC's investment committee, analyzing deals from multiple perspectives. The "Agentic Devil's Advocate" chatbot, on the other hand, is designed to challenge investment proposals, asking tough questions and playing the role of a skeptical counterpart. These AI tools are aimed at providing a more objective and comprehensive evaluation of investment opportunities, helping GIC make informed decisions. By incorporating diverse viewpoints and scrutinizing deals more thoroughly, the fund aims to mitigate risks and identify the most promising investment opportunities. The use of AI in GIC's dealmaking process represents a shift towards leveraging technology to enhance traditional investment practices, underscoring the growing importance of AI in the financial industry.