Temasek reports record portfolio value, boosts AI investments

Singapore's state-owned investment firm Temasek reported a record net portfolio value of S$518 billion (US$400 billion), up S$49 billion from the previous year. The company also announced plans to double down on artificial intelligence and private credit, aiming to increase its AI exposure 2.5-fold over the next five years. The 20-year shareholder return stands at 6.8%.