Temasek discloses holdings in Anthropic and OpenAI, with portfolio allocation to AI-related assets increased up to 15%

Glonghui, July 9 — Singapore's sovereign wealth fund Temasek plans to significantly increase investments related to artificial intelligence (AI), aiming to boost AI-related assets from the current approximate 6% to as much as 15% by 2031. As of the fiscal year ending March 2026, Temasek's net investment portfolio value grew by 14.8% year-on-year in US dollar terms, reaching around $400 billion, marking a new record for the second consecutive year. Newly added investments include Anthropic, OpenAI, Luckin Coffee, and European luxury group Ermenegildo Zegna. Temasek CEO Dilhan Pillay stated that the rapid development of AI is entering a critical stage and will bring many new opportunities. The group plans to allocate capital across five areas: energy and data centers, semiconductors, cloud service providers, foundational models, as well as AI applications and software infrastructure. Pillay explained that the group will not only invest in AI companies, but also expects the rest of its investment portfolio to accelerate AI adoption. In other words, up to 15% will be direct AI-related investments; the remaining approximately 85% may not be AI companies, but relevant businesses are also expected to leverage AI to enhance competitiveness and operational efficiency.