HOCK LOCK SIEWHaving MAS that worries out loud and two reserve funds that hedge while they buy might be the most sensible set-up availableGlobal growth and equity valuations now depend heavily on a handful of firms’ enormous bets in artificial intelligence, warns MAS managing director Chia Der Jiun. PHOTO: REUTERS[SINGAPORE] Within three weeks in July, three of Singapore’s most consequential financial institutions delivered very different verdicts on the future. ​Temasek and GIC, the twin sovereign wealth funds that manage the bulk of the Republic’s reserves, used their annual results to explain why they intend to lean into artificial intelligence. ​Then the Monetary Authority of Singapore (MAS) weighed in and – in the flattest language a central bank can manage – wondered whether anyone had checked the odds on this bet.