Concerns are rising in Silicon Valley about an AI bubble fueled by high valuations, complex financing deals, and rapid growth, with experts warning of potential economic fallout if the bubble bursts, despite some believing current investments could lead to future technological advancements.
CPP Investments, Canada's largest pension fund, has laid off at least five investment professionals at its Hong Kong office and put a hold on new investments in China, including direct investments and those in China-focused fund managers. The fund's decision comes amid China's faltering economic recovery, tensions with the West, and a challenging business climate for foreign firms. Other Canadian pension funds, such as Ontario Teachers' Pension Plan and Caisse de dépôt et placement du Québec, have also scaled back their investments in China. China currently accounts for 9.8% of CPP's total investments.