| Mobile Web

Search results for sovereign wealth fund

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.

Crypto

UAE exchange MidChains CEO says sovereign wealth funds accumulating spot bitcoin

A claim has emerged that sovereign wealth funds have recently been accumulating spot bitcoin, as retail participation slows and institutional and corporate money views current prices as a long-term opportunity. MidChains CEO Basil Al Askari said at least one sovereign wealth fund is buying spot bitcoin and up to two could be confirmed in coming weeks. He said such buying may not quickly lift prices but could signal other institutions.

AI & Enterprise

U.S. government weighs stakes in AI companies as \'AI sovereign wealth fund\' plan emerges

U.S. President Donald Trump is receptive to the idea of the government holding stakes in major artificial intelligence companies, Vice President JD Vance said. Vance said Trump views it as a type of sovereign wealth fund and argued taxes alone may not spread AI-created wealth to workers. The debate aligns with a proposal by Senator Bernie Sanderson. Elon Musk and Mark Cuban voiced skepticism. Officials have discussed possible structures, but policy remains at an early review stage.