He also said that the exposure to AI is a natural extension to the digitisation trend that Temasek has been investing in.
Technology, media and telecommunications makes up about 25 per cent of the portfolio, and the 15 per cent of AI exposure will be a part of that, he said.
Overall, the company believes this amount of exposure to AI is manageable, and that it can ride through market volatility, he said.
“It is very hard to time and very hard to manage this short-term volatility. We just need to make sure that we have the ability to deal with the change in market direction from time to time,” he said.
Some AI companies that Temasek has a stake in have also gone public or are planning to, added Mr Chia.
“We expect in a year or two, this portfolio will be highly liquid rather than highly private … so hopefully that will help us address some of the concerns,” he said.
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