Insider sat down with GIC CEO Lim Chow Kiat and Chris Emanuel, head of GIC's Technology Investment Group.Lim Chow Kiat is pretty chill for someone who is responsible for hundreds of billions of dollars., he must keep the country's savings growing ahead of inflation. That involves investing heavily in the technology industry. GIC backed Cisco in the 1980's when the networking giant was a startup.
, a 2-day networking event for top executives, startups and other tech companies which starts Tuesday. , including large language models. This will disrupt existing technology providers and create a compelling opportunity set for GIC over the next three to five years, they explained. Emanuel cited the rise of elevator technology in the 1800's as an example from history. The public was reluctant to use elevators until the Otis Elevator Company introduced a version with extra safety features. Then it caught on, helping to spur the rise of skyscrapers, he said.
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