Temasek Holdings, which manages $400 billion, will focus on artificial intelligence instead of digital assets, according to the fund's president, Nagi Hamiye, in an interview with CNBC. He attributed this decision to regulatory uncertainty and the fallout from the FTX exchange collapse, which cost the fund $275 million.
The company plans to increase its allocation to AI assets in its portfolio from 6% to 15% by 2031. However, Temasek Holdings will continue to explore the use of blockchain in the real economy.