Temasek: Crypto investments 'still not under consideration' due to regulatory uncertainty in the industry

CoinFeed July 9 news, according to CNBC, Singapore sovereign wealth fund Temasek's global investment president Nagi Hamiyeh said that crypto investments are 'still not under consideration' due to regulatory uncertainty in the industry. Temasek took a $275 million impairment loss in 2022 from the collapse of crypto exchange FTX, drawing widespread criticism. Hamiyeh said the company is currently focused on blockchain and its infrastructure, based on the technology's practical role in the real economy. In AI investment, Hamiyeh prefers AI applications and business ecosystem building over frontier models, with a long-term bet on automation, robotics, and industrial process optimization, aiming to increase the AI portfolio share from 6% to 15% by 2031.