Temasek targets big jump in AI investments as value of portfolio hits record high

Singapore state investor Temasek said on Wednesday 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, also said its net portfolio value climbed to S$518 billion ($400 billion) last financial year, marking the second consecutive year that ‌it has hit ⁠a record.