According to a report by the Financial Times on Tuesday, Singapore’s Temasek Holdings is currently engaged in discussions regarding a potential investment in OpenAI, a prominent artificial intelligence company backed by Microsoft. The report, citing sources familiar with the matter, indicates that senior executives from Temasek have held several meetings with OpenAI’s CEO, Sam Altman, in recent months.
While OpenAI did not respond immediately to requests for comment from Reuters, Temasek opted to refrain from commenting on the report. Altman is purportedly in talks to secure funding ranging from $5 trillion to $7 trillion for a network of AI chip factories.
Last year, AI startups in the United States attracted a significant portion of investment, with one out of every three dollars invested going into this sector. This surge in investor interest followed the prominence gained by OpenAI’s ChatGPT and subsequent efforts by startups to advance AI technology.
Temasek, known for its active involvement in the tech sector, boasts a portfolio valued at S$382 billion ($284.21 billion) as of March 31. Among the companies in its portfolio are Roblox, Tencent, and Alibaba.
