Nagi Hamiyeh, president of Temasek Global Investments, stated that the company has no current plans to invest in cryptocurrency, citing regulatory uncertainties and the substantial $275 million writedown from its investment in the now-bankrupt FTX exchange. Instead, Temasek is concentrating on the potential of blockchain technology to benefit the real economy.
Hamiyeh emphasized the importance of artificial intelligence (AI), indicating that Temasek aims to increase its AI portfolio exposure from 6% to 15% by 2031, focusing on practical applications such as automation and robotics.
He noted that Europe has attracted approximately 12 billion euros ($14 billion) of Temasek's capital in the past two years, particularly in luxury and industrial sectors, while maintaining a cautious outlook on the Middle East due to ongoing conflicts.
Regarding defense investments, Hamiyeh mentioned a pragmatic approach, evaluating each opportunity individually, particularly in dual-use technologies, while categorically avoiding biological and chemical weapons. Overall, Temasek's strategy reflects a shift towards sustainable and innovative sectors, distancing itself from the volatility of cryptocurrency