Singapore’s state-owned investment group Temasek is reportedly in talks to back OpenAI. Assuming a deal went forward, it would mark the first time the artificial intelligence (AI) company has gotten an investment from a state-backed group, the Financial Times (FT) reported Tuesday (March 5), citing sources with knowledge of the...
After Singapore’s state-owned investor Temasek wrote off its $275 million stake in now-bankrupt cryptocurrency exchange FTX, some of the country’s legislators are reportedly questioning the organization’s due diligence. Both Prime Minister Lee Hsien Loong and Deputy Prime Minister Lawrence Wong have fielded questions from members...
Hindsight is 20/20, and its perspective is often brought into further clarity by regret. Just ask some of the venture capital industry’s most well-known firms, like Tiger Global Management, SoftBank and Sequoia Capital, who all wrote big checks supporting the since-imploded cryptocurrency exchange FTX and...
Singapore government investment manager Temasek is reportedly joining a $100 million funding for blockchain investor Animoca Brands, adding to the nearly $435 million Animoca has raised since January. Temasek will lead the financing, which adds to a funding round that has already seen Animoca raise...
July 27, 2018
The definition of a really good day: Raise $100 million led by a company that not only has obviously deep pockets, but a deep presence in a vital part of the world for payments and the digital economy. That really good day was enjoyed by Flywire yesterday (July 26). Flywire, a global payments company that […]
June 04, 2025
Temasek, which is Singapore’s state-owned investment group and one of the world’s biggest investors, reportedly slashed its investments in early-stage companies by 88% over a three-year period. The group’s investments in these companies dropped from $4.4 billion in 2021 to $509 million in 2024 as it shifted its focus to more conservative investments, the Financial […]
March 05, 2024
Singapore’s state-owned investment group Temasek is reportedly in talks to back OpenAI. Assuming a deal went forward, it would mark the first time the artificial intelligence (AI) company has gotten an investment from...
November 28, 2022
After Singapore’s state-owned investor Temasek wrote off its $275 million stake in now-bankrupt cryptocurrency exchange FTX, some of the country’s legislators are reportedly questioning the organization’s due diligence. Both Prime...
August 30, 2022
Singapore government investment manager Temasek is reportedly joining a $100 million funding for blockchain investor Animoca Brands, adding to the nearly $435 million Animoca has raised since January. Temasek will...