Temasek Looking for Opportunities in New Areas Such as AI

These are part of the company's efforts to build a resilient, future-ready portfolio

- Sue-Ann Tan Business Correspondent and Timothy Goh

Emerging areas like artificial intelligence (AI) have caught the eye of Singapore's investment company Temasek, as it seeks opportunities in firms along the AI value chain.

In its Temasek Review 2025, released on July 9, it said it is looking at new areas such as AI and core-plus infrastructure, which refers to an emerging asset class that includes digital infrastructure and energy transition assets.

These are part of its efforts to build a resilient, future-ready portfolio that can deliver sustainable gains over the long term.

Temasek chief investment officer Rohit Sipahimalani said: "There is a significant need for capital and opportunities, particularly around AI and related to energy, and in some areas, there's a need for upgrading infrastructure."

When it comes to AI, Temasek is investing in leading companies that have reached breakout scale. It is looking into businesses that enable the broader AI ecosystem, such as data centres and innovative early-stage firms.

Temasek deputy chief executive officer Chia Song Hwee said: "There are many layers to this. We are not trying to take excessive risks. For some of the businesses, while AI is talked up a lot, they are businesses that are actually quite diversified. Like Nvidia, with or without AI, these businesses are strong fundamentally and market leaders."