AI Weekly Malaysia

At the Milken Institute Asia Summit in Singapore, Temasek chief investment officer Rohit Sipahimalani said an unwinding of the AI trade is the biggest risk facing markets, though he does not see it as imminent — "will you have bumps in 2027? Yeah, possibly yes." He noted the S&P 500 has stayed near record highs despite surging Treasury yields, propped up by AI-linked earnings momentum, while roughly half the stocks in the Russell 3000 sit at least 20% below their June highs. The published excerpt cuts off before he lists the triggers, though safety concerns leading to tighter regulation are named as one.

Why: This is macro commentary, not a change any builder must act on: Temasek explicitly says the reversal is not imminent, and the piece contains no funding numbers, no policy change, and no SEA-specific data. The one concrete figure worth noting is concentration — half of the Russell 3000 at least 20% below June highs while the index sits near records — which is context for how narrow current AI-driven market strength is, not a trigger to change runway, hiring, or pricing plans this quarter. Treat it as background for a 2027 planning horizon at most.