Temasek announces holdings in Anthropic and OpenAI! AI investment target 15%

Temasek Releases 2026 Annual Report, Reveals Holdings in AI Titans Anthropic and OpenAI, Aims to Increase AI Asset Allocation from 6% to 15% by 2031, Net Portfolio Value Reaches $400 Billion, a New All-Time High.

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• Temasek's AI Investment Layout
• Not Just Investing in AI, but Requiring Entire Portfolio AI-fication
• Global Sovereign Funds' AI Arms Race

Temasek's AI Investment Layout

Singapore sovereign fund Temasek released its 2026 annual audit report on July 9, revealing that its investment portfolio now includes AI titans Anthropic and OpenAI, and announced plans to increase the proportion of AI-related assets from the current approximately 6% to as much as 15% by 2031. For the fiscal year ending March 31, 2026, Temasek's net portfolio value grew 14.8% year-on-year in USD terms, reaching about $400 billion, marking a second consecutive record high.

Not Just Investing in AI, but Requiring Entire Portfolio AI-fication

According to Temasek's 2026 annual report, the group disclosed new investments covering Anthropic, OpenAI, Luckin Coffee, and European luxury brand Ermenegildo Zegna, among other diversified assets. Temasek CEO Dilhan Pillay said at the annual media briefing that the rapid development of AI is entering a critical phase, bringing a flood of new opportunities. The group's capital deployment focuses on five areas: energy and data centers, semiconductors, cloud service providers, foundation models, and AI applications and software infrastructure.

Global Sovereign Funds' AI Arms Race

Pillay noted that Temasek's strategy is not only to invest in AI companies themselves, but also to require the remaining enterprises in its portfolio to accelerate AI adoption. In other words, the 15% allocation is for direct AI-related investments; the remaining approximately 85% of assets, while not necessarily AI companies, must leverage AI to enhance competitiveness and operational efficiency. This dual-track strategy of "direct investment + indirect enablement" means that virtually all of Temasek's $400 billion portfolio will be affected by AI.

Temasek is not the only sovereign fund increasing AI exposure. This move by the Singapore sovereign fund echoes the ongoing AI asset allocation transformation among global sovereign wealth funds. According to CNBC, Temasek's China exposure also increased by $7.7 billion over the past year, the largest increase in five years, with part of the funds directed toward AI-related industries. Similar to Temasek, Norway's Government Pension Fund Global (GPFG) has already raised its technology and AI-related holdings to about 12% in 2025. As previously reported by BlockTempo, AI giant Anthropic's valuation has surged to $900 billion, surpassing OpenAI, and it plans to raise $30 billion with an IPO possibly in October.

For Taiwanese investors, Temasek's investment path provides a reference framework: AI is no longer a technology theme but a "infrastructure layer" across asset classes. From energy to software, from foundation models to end applications, AI penetration has become the core logic for sovereign funds to reallocate assets.