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SINGAPORE: Singapore state investor Temasek said yesterday it was targeting a major increase in investments in AI companies, aiming to lift its exposure to the technology to as much as 15% over the next five years from 6% now.
Temasek, which owns stakes in Anthropic and OpenAI, said its net portfolio value rose to S$518 billion (RM1.6 trillion) last financial year, marking a second straight record.
That represented growth of 10.5% in Singapore dollar terms or 14.8% in US dollar terms. The return compares with a 17% rise for MSCI’s world stocks gauge, though Temasek’s portfolio differs from public equity benchmarks in structure, mandate and asset mix.
CEO Dilhan Pillay told a briefing that AI’s rapid advancement represented “a pivotal phase that will create vast new opportunities.”
He added that Temasek intended to deploy capital across five focus areas: energy and data centres, semiconductors, cloud service providers, foundation models and AI applications and software infrastructure.
Temasek would also be looking at its entire holdings through the lens of AI, he said.
“The rubber hits the road in AI adoption,“ he said. “The remaining 85% of our portfolio must be focused on AI adoption for competitiveness. That is where the rest of our portfolio will see value capture.” – Reuters
