Singapore's Temasek In Talks To Invest In OpenAI

Singapore's Temasek Holdings is in discussions to invest in Microsoft-backed artificial intelligence (AI) company OpenAI, the Financial Times reported, citing two people familiar with the matter.

This deal with Temasek marks the first since reports emerged last month that OpenAI's Altman sought to raise about $5 trillion to $7 trillion for a network of AI chip factories. I Photo: TemasekLinkedin

Senior executives at Singapore's state investment firm have met OpenAI's CEO, Sam Altman, multiple times in recent months, the report added.

Temasek initially expressed interest in investing in Altman's venture capital fund Hydrazine Capital, but recent talks have included the AI non-profit as well, the Financial Times reported, citing a separate source.

This deal with Temasek marks the first since reports emerged last month that OpenAI's Altman was seeking to raise about $5 trillion to $7 trillion for a network of AI chip factories.

AI startups attracted one out of every three dollars invested last year in the US, with OpenAI's ChatGPT capturing the spotlight and startups racing to develop AI technology.

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