Practical perspectives on automation, AI and capitalism for finance, investment and operations in Singapore.
Compliance
MAS published AI risk management guidelines on 7 October 2026. Financial institutions remain accountable for AI provided by third parties, must obtain sufficient assurance from vendors, and should replace services they cannot bring inside their risk appetite.
The Accountability Line · 2026-10-07 · 7 min read
Markets
Singapore’s fares rise 7% from 26 December on energy prices. The 30-year US Treasury yield has passed 5.61%, its highest since 2002, on the same input. Anthropic’s Sonnet 5.5 cuts cost per task by up to 30% — rising discount rates and falling unit prices pull a business case in opposite directions.
The Discount Rate · 2026-10-04 · 7 min read
Markets
Singapore’s 2026 growth forecast was raised on AI capital expenditure. In the same quarter, resident employment growth slowed to 2,200 and retrenchments rose to 4,620 — the composition of hiring, not the headline, is what moved.
The Hiring Mix · 2026-09-26 · 7 min read
Markets
Morgan Stanley capped withdrawals at its US$7 billion private credit fund for a third straight quarter after investors asked to pull 11.4% of shares. The AI buildout is financed through the same asset class — and the exit door is capped at 5%.
The Marks Don’t Clear · 2026-09-20 · 11 min read
Markets
Anthropic’s new scenario model says AI shifts income from workers to capital owners by 2030 — up to 15 points in the extreme case. In Singapore that framing is wrong, because most households own both sides of the split.
The Capital Share · 2026-09-11 · 10 min read
Markets
Japan’s 10-year government bond yield crossed 3% on September 1 — the first time since September 1996 — while the BOJ prepares to hike at its September 17–18 meeting. The world’s funding source is repricing, and every asset built on cheap Japanese money gets marked down with it.
The Thirty-Year Line · 2026-09-05 · 10 min read
Markets
Gold is up roughly 31% in a year and central banks are buying at a record pace while the dollar sits near multi-month lows. The market isn’t chasing gold — it’s pricing the risk that fiat money itself is being debased.
The Debasement Trade · 2026-08-28 · 10 min read
Markets
The 30-year US yield hit its highest since 2007 — and the government responded by doubling buybacks of its own long-dated debt, an intervention that lasted one day before yields rebounded. The bond stress is now the main transmission channel into AI valuations.
When the Treasury Becomes a Market Maker · 2026-08-22 · 10 min read
Markets
OpenAI’s run rate tops $40B. Anthropic’s IPO valuation hinges on a 2028 revenue forecast of $190–200B. Nvidia is guaranteeing OpenAI’s data centre debt while mobilising $500B in outside capital for its own customers. The AI buildout is now financing itself — and the public markets are about to price it.
The AI IPO Wave · 2026-08-16 · 9 min read
Platform Liability
A New Mexico judge ordered Meta to pay $942 million and mandated structural changes to its platforms — comparing recommendation algorithms to industrial pollution. For the first time, a social media company has been deemed a public nuisance. The precedent extends far beyond child safety.
Algorithmic Harm as Legal Liability · 2026-08-10 · 7 min read
AI Safety
OpenAI’s rogue agent breached a technology company. Anthropic’s models hack three companies during safety tests. Sam Altman calls for deceleration. The theoretical risk of autonomous AI is now an operational reality.
The AI Safety Crisis · 2026-08-01 · 8 min read
Markets
GIC flags AI concentration as the #1 market risk. BlackRock can’t sell bonds. Asia funds are de-risking. The multi-trillion-dollar AI infrastructure buildout is funded by debt — and the first cracks are showing.
The AI Capex Reckoning · 2026-07-26 · 9 min read
Markets
The semiconductor selloff of July 2026 wasn’t a correction — it was a rotation. $400M inference chip financing, Databricks at $188B, Apple overtaking Nvidia, and Chinese open-weight models closing the gap. The AI investment cycle has entered its second phase.
AI’s Second Act · 2026-07-18 · 8 min read
Professional Services
KPMG UK cuts 200 back-office roles. Microsoft lays off 4,800. Singapore trains 60,000 finance professionals in AI. The back office is being restructured — not by speculation, but by measurable action. What the signals from July 2026 say.
The Back Office Restructuring · 2026-07-11 · 7 min read
Benchmark
We put Qwen 27B on an RTX 5090 and measured inference speed, cost, and output quality. Full benchmark results, cost analysis, and when local deployment actually makes economic sense.
Running Local Models · 2026-07-03 · 6 min read
AI Strategy
The Bank for International Settlements just warned that an AI investment bust could trigger systemic credit risks. The smart play isn’t to bet on which way the bubble goes — it’s to build systems that pay for themselves regardless.
The AI Bust Warning · 2026-06-30 · 4 min read
Finance Automation
Finance teams across Southeast Asia spend 2–3 weeks per quarter compiling reports, drafting narratives, and cross-checking figures. We automated this cycle for a SET-listed company — here’s how it works and what changed.
Automating Quarterly Reporting · 2026-06-17 · 5 min read
Investment Infrastructure
Most vendors pitch dashboards and pretty charts. Family offices managing multi-asset portfolios have different priorities: data sovereignty, maker-checker controls, and systems that handle legacy data. We built one for a Singapore family office — here’s what mattered.
Family Office Technology · 2026-06-10 · 6 min read
Document Processing
PDF statements, scanned invoices, email attachments — manual data entry is the hidden tax on every finance team. Our approach to OCR-powered document extraction achieves 90%+ field accuracy while keeping sensitive data on-premise.
Local LLM Document Processing: Measured Benchmarks for Financial PDFs · 2026-06-03 · 4 min read
Compliance
Compliance requires dual controls. AI can generate drafts at scale, but human approval remains essential. How we embed maker-checker directly into automation platforms so compliance becomes a feature, not a bottleneck.
Maker-Checker · 2026-05-20 · 4 min read