Temasek holdings in talks to invest in openAI, the microsoft-backed AI company.

Singapore’s Temasek Holdings is reportedly in discussions to invest in OpenAI, an artificial intelligence (AI) company supported by Microsoft. Executives from Temasek have reportedly met with OpenAI’s CEO, Sam Altman, multiple times in recent months. Initially interested in Altman’s venture capital fund Hydrazine Capital, Temasek’s discussions have expanded to include OpenAI itself. The potential deal follows reports that Altman is seeking substantial funding, between $5 trillion and $7 trillion, for a network of AI chip factories. Both OpenAI and Temasek declined to comment on the reports.

Key Points:

  • Senior executives from Singapore’s Temasek Holdings are in discussions to invest in OpenAI, according to sources.
  • Temasek initially expressed interest in investing in Sam Altman’s venture capital fund, Hydrazine Capital, but recent talks have included discussions about OpenAI itself.
  • OpenAI, known for its ChatGPT AI model, has gained significant attention and investment in the AI sector.
  • The potential deal with Temasek comes after reports that OpenAI’s CEO, Sam Altman, is seeking substantial funding for a network of AI chip factories.
  • AI startups, including those involved in generative AI technologies like OpenAI’s ChatGPT, have attracted significant investment, with one-third of total investment in the United States going to AI startups last year.
  • OpenAI’s investors, excluding Microsoft, include Khosla Ventures, Thrive Capital, Andreessen Horowitz, and Sequoia Capital.
  • OpenAI recently completed a deal to sell existing shares in a tender offer, valuing the company at $80 billion or more, according to reports.