CNBC·4 min read·medium
crypto, defense, AI, European luxury names
A
Anniek Bao
✦AI Summary
Temasek Global Investments has confirmed it is avoiding direct cryptocurrency investments due to regulatory uncertainty, focusing instead on blockchain infrastructure and AI-driven industrial automation. The firm aims to significantly increase its AI portfolio exposure by 2031, prioritizing practical applications over frontier model development.
Nagi Hamiyeh, president of Temasek Global Investments, said crypto investment is "still off the table" for the company as it strives to move past a substantial loss in crypto exchange FTX.
businesseconomytechnology
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