Search results for Temasek
AI & Enterprise
Singapore sovereign wealth fund Temasek warns AI investment pullback could trigger market shock in 2027
Singapore sovereign wealth fund Temasek sees the biggest current market risk as a possible pullback in investment flows into artificial intelligence, CNBC reported. Temasek Chief Investment Officer Rohit Sipahimalani (로힛 시파히말라니) said a reversal could trigger a market shock, while not expecting it to materialise immediately. He said volatility could emerge in 2027. Temasek remains optimistic on AI long term and aims to raise the share of listed assets within its AI exposure.
Industry
Musk\'s Boring Company raises $3 billion in UAE-led round, valued at $23 billion
Elon Musk\'s tunnelling company The Boring Company raised $3 billion in a Series D round led by the United Arab Emirates and related investment institutions, valuing it at $23 billion. The valuation is about four times its roughly $5.7 billion value in 2022. The company plans to use the funds to hire staff, expand Loop projects and develop its Prufrock tunnelling machine, with a key focus on building more than 150 km of tunnels in the UAE.
Crypto
Temasek still not considering crypto investments, aims to raise AI share to 15 percent
Singapore sovereign wealth fund Temasek reaffirmed it is still excluding direct cryptocurrency investment from consideration, citing regulatory uncertainty. It said it does not directly invest in any cryptocurrency and is focusing instead on blockchain technology and related infrastructure. Temasek maintained this stance after writing off its entire $275 million investment in FTX following the exchange\'s November 2022 bankruptcy. It is raising AI as a core investment area and plans to increase AI-related assets to 15 percent of its portfolio by 2031.
