Singapore's Temasek investment fund says crypto is off the table, will focus on AI

Singapore's Temasek, a major $400 billion wealth fund, has announced it will steer clear of cryptocurrencies and instead boost its artificial intelligence investments. The fund plans to increase its AI holdings to 15% of its portfolio by 2031, up from the current 6%. This strategic shift underscores a growing confidence in AI's potential to drive future economic growth and aligns with global tech trends, signaling a move away from volatile digital assets. Temasek's decision could influence other investment strategies and highlight AI's rising importance in the global financial landscape.