Singaporean sovereign wealth fund Temasek thinks AI is going to pay off
AI AND ML
Downer for doomers as conservative investor plans to lift portfolio exposure by 150 percent, and even more once it adds electrification ventures
Singapore’s sovereign wealth fund Temasek, one of the world’s largest investment houses, intends to massively increase its investment in AI over the next five years – both for its own use and across its portfolio.
Temasek holds over $400 billion in assets and around six percent of those are currently tied up in AI companies, including OpenAI.
At its annual review meeting yesterday, the fund announced it intends to increase its exposure to AI until it reaches 15 percent in 2031. Temasek said it will target five areas: energy and data centres, semiconductors, cloud services providers, foundation models, and AI applications & software infrastructure.
Temasek also sees rising demand for AI as one reason to grow its investment in infrastructure from one percent of its...
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