24/7 Cryptocurrency News

Sam Altman’s OpenAI To Receive Temasek Backing Amid AI Boom: Report

Singapore's state-owned investment funds manager, Temasek, recently went into talks with Sam Altman's OpenAI, eyeing investment opportunities.
Published by
Sam Altman’s OpenAI To Receive Temasek Backing Amid AI Boom: Report

Highlights

  • Singapore's Temasek reportedly in talks with Sam Altman's OpenAI over talks on investment opportunities.
  • OpenAI further levels up with its AI venture.
  • Post-Sora launch, this investment could prove vital for OpenAI's venture into the AI realm.

Sam Altman’s OpenAI, a leading firm developing AI-related services, recently garnered substantial attention across the global AI landscape as Singapore’s Temasek Holdings went into talks with Sam Altman’s firm, eyeing investment in the Microsoft-backed AI tech giant, per a report by the Financial Times.

Senior executives at Temasek Holdings, a state-owned government investment fund manager, have met with OpenAI CEO Sam Altman numerous times over the past few months, sparking speculations about imminent collaborative efforts between the two entities.

Also Read: Why Is eCash (XEC) Trending?

Advertisement

Temasek Put Bets On Sam Altman’s OpenAI

Intriguingly, sources familiar with the matter proclaimed that Temasek initially planned to invest in Altman’s venture capital fund, Hydrazine Capital. However, recent discussions shed light on Temasek’s investments in the ChatGPT maker itself, aligning with the burgeoning popularity and growth witnessed by the AI sector globally in recent times.

Although the two entities officially declined to comment on the matter, this investment potentially aims to revolutionize OpenAI’s AI venture further, per a report. With the recent launch of OpenAI’s text-to-video platform, Sora, the firm already appears to be making waves throughout the AI industry. With this potential investment from Temasek, industry experts hope to see further advancements orbiting OpenAI’s AI boost.

Also Read: Hong Kong’s Mox Bank To Offer Crypto Investment & Spot Bitcoin ETF Services

Advertisement

OpenAI Continues Pioneering AI

In a significant gust of recent developments witnessed orbiting AI , Sam Altman’s AI-services firm, OpenAI, seems to marking a tempest of strides globally. Ever since its venture into the world of AI, Altman’s firm brought about revolutionary changes in AI-related platforms and services for global consumers.

OpenAI promptly staged itself as an initial AI pioneer with the launch of its chatbot ChatGPT 3.5, mirroring optimism across the industry. Followed by the launch of ChatGPT-4 and Sora, the firm retained its positioning at the top of organizations building and fostering AI-related services. Moreover, with the above-mentioned investment plan further coming into play, industry experts expect OpeanAI to continue pioneering the artificial intelligence realm, fueling optimism for Sam Altman’s firm across the AI space.

Share
Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025