Singapore’s Temasek investment fund says crypto is off the table, will focus on AI
The $400 billion wealth fund plans to expand AI holdings to 15% of its portfolio by 2031 from the current 6%.
Make preferred on
Share this article
Summary
- Temasek Holdings plans to prioritize artificial intelligence investments over cryptocurrencies, citing regulatory uncertainty and a $275 million loss from the collapse of FTX in 2022.
- The Singapore state investment fund aims to lift AI-related holdings from 6% of its portfolio to 15% by 2031, while warning that some AI valuations have outpaced business fundamentals.
- Temasek says it has no direct crypto investments today but will continue exploring blockchain technology.
