Singapore's Temasek Investment Fund Says Crypto Is Off the Table, Will Focus on AI

Singapore state-owned investor Temasek Holdings said crypto is “off the table” as it prioritizes artificial intelligence amid regulatory uncertainty and a $275 million write-off tied to FTX’s 2022 collapse. The fund aims to raise AI-related holdings to 15% of its portfolio by 2031 from 6% in the first quarter of 2026, according to CoinDesk, as Temasek Global Investments President Nagi Hamiyeh told CNBC. Temasek said it has no direct crypto investments today but will keep exploring blockchain technology, while warning some AI valuations have outpaced fundamentals.