Singapore's GIC State Fund Utilizes Virtual Agents for Billions in Investments

Singapore's state-owned investment fund GIC is utilizing artificial intelligence to evaluate investment proposals. A virtual investment committee and a chatbot named "Agentic Devil's Advocate" will review and critique investment proposals. GIC has adapted several large language models based on 44 years of investment data to create an internal platform. This is part of a growing trend of investment firms using AI to optimize processes and increase returns.

Singapore's state-owned investment fund GIC is adopting artificial intelligence (AI) to revolutionize its investment evaluation process. The fund has developed a virtual investment committee and a chatbot named "Agentic Devil's Advocate" to scrutinize and critique investment proposals. This initiative is part of a broader trend among investment firms to use AI to optimize processes and enhance returns.

GIC's AI platform is built on several large language models, tailored to the fund's 44 years of investment data. The platform includes a Virtual Investment Committee and the "Agentic Devil's Advocate" chatbot, designed to simulate tough questions and critical thinking that a real investment committee might pose. This internal tool aims to provide a detailed summary of key issues and potential questions that might arise during the review process.

The "Agentic Devil's Advocate" chatbot can simulate conversations and ask curveball questions, helping GIC staff prepare for pitching to human bosses. The platform is currently restricted to asking questions rather than passing final judgment on any deal. However, it has already proven popular with GIC's top leaders, who use it to stimulate their thinking and better understand the reasoning process behind AI-generated responses.

GIC is part of a growing cohort of investment firms racing to use AI to transform their operations. Companies including General Atlantic and Blackstone Inc. have also touted their developments, while trying to back startups that could one day outshine Alphabet Inc. and Meta Platforms Inc. GIC's use of AI demonstrates its commitment to staying ahead in the investment landscape.

This move by GIC is significant because it showcases the fund's ability to leverage cutting-edge technology to enhance its investment strategies. By using AI to evaluate investment proposals, GIC can potentially uncover hidden risks and opportunities, leading to more informed and profitable decisions.

References:

[1] https://money.usnews.com/investing/news/articles/2025-07-26/kkr-in-talks-to-buy-st-telemedia-global-data-centres-bloomberg-news-reports
[2] https://www.bloomberg.com/news/articles/2025-07-24/sovereign-fund-gic-uses-ai-devil-s-advocate-for-dealmaking
[3] https://finance.yahoo.com/news/3-undercover-artificial-intelligence-ai-114500475.html