Government investment tools raise US allocation to 58%
Global SWF data cited by TechNews, drawing on Nikkei Asia, show that government investment tools increased their allocation to the United States from 52% in 2025 to 58% in the first half of 2026. Government funds, including pensions, invested $154 billion in North America in 2025, while investment in emerging economies including China and India fell to $50 billion, a seven-year low. Outside observers cited in the report associate the uneven allocation with the AI investment boom, but the available data do not establish a causal relationship or show how much of the shift was directed specifically toward AI assets.
The figures quantify a major concentration of government-backed investment in the United States. The report also identifies sovereign-fund participation in Anthropic's financing and MGX's investment in OpenAI's Stargate data-center project, illustrating how some government-linked capital has reached AI businesses.
《日經亞洲》報導，全球主權基金與其他國有投資工具正加速鞏固美國做為首選投資地的地位。根據研究機構 Global SWF 統計，這類政府資金配置於美國的資本比重，在人工智慧（AI）投資升溫後，已由過去的兩至三成提升至 52%，2026 年上半年再攀高到 58%。同一時間，流向新興經濟體的資金持續萎縮，其中，中國更因房市低迷以及審查機制加速外資逃離。
報導指出，根據Global SWF的資料，自2018年以來，政府投資工具配置於美國的資本約占20%至30%，2025年AI投資開始加速後，比重明顯增加至52%，今年1至6月又上升6個百分點至58%。2025年，政府基金（含退休基金）在北美的投資總額達1,540億美元，占這類機構全球投資總額的一半。
#Global SWF#Anthropic#OpenAI#Stargate#Abu Dhabi Investment Authority#MGX#Qatar Investment Authority#Public Investment Fund#Boston Consulting Group#Nikkei Asia