Temasek to increase exposure in AI, core-plus infrastructure

[SINGAPORE] Singapore investment company Temasek is increasing its exposure to “promising opportunities” in artificial intelligence (AI) and core-plus infrastructure.

AI is a “two-decade opportunity” with the potential to transform industries, said Chia Song Hwee, the deputy chief executive officer of Temasek. Core-plus infrastructure “provides resilient, risk-adjusted returns and stable cash use”, said Temasek’s management in a media briefing for the launch of its annual Temasek Review released on Wednesday (Jul 9).

These asset classes are part of Temasek’s global direct investments, which make up 36 per cent of its portfolio. Temasek’s Singapore-based portfolio companies and partnerships with other investors and asset management companies make up 41 and 23 per cent of its portfolio, respectively.