Temasek is setting up new groups geared to look for opportunities related to artificial intelligence and blockchain technologies by creating 'experimental pods' for said areas, according to an internal memo obtained by Bloomberg.
The state investment arm participated in a $823.89m ($600m) series C funding round in April for China's SenseTime Group, now the world's most valuable AI startup. Temasek helped lead a series A round in June for London-based Eigen Technologies, which automates the extraction of unstructured data. In blockchain, Temasek invested in R3, backed by a group of banks seeking to bring distributed ledger technology to their operations.
"We have been expanding our business coverage and geographic footprint over the past few years," the Temasek spokesman said in an emailed response to Bloomberg queries. "As our operating environment evolves, our focus is on remaining nimble and well-positioned to capture opportunities that deliver sustainable value over the long term."