The upgrade reflected stronger-than-expected global investment linked to artificial intelligence, as well as a less severe economic impact from the Middle East conflict than previously anticipated, according to MTI. AI Investment Boosts Singapore OutlookThe demand for AI is expanding through various segments of the semiconductor and technology supply chain, driving growth for Singapore's prospects. MTI said the global AI investment boom has been greater than anticipated since the last forecast in May. Policy Support for Singapore EquitiesJPMorgan's outlook also comes as Singapore expands government-backed efforts to strengthen its domestic equity market. That makes the sustainability of the AI investment cycle an important variable.