OpenAI

Singapore’s Temasek in discussions to invest in OpenAI

State-backed group in talks with ChatGPT maker’s chief Sam Altman who is seeking funding to build chips business

Singapore’s Temasek Holdings is holding talks about investing in OpenAI, a deal that would mark the first time a state-backed group has funded the ChatGPT maker.

Senior executives at Temasek, one of the world’s biggest and most active investors, have met OpenAI’s chief executive Sam Altman multiple times over recent months, according to two people with knowledge of the talks.

Another person familiar with the discussions said the Singaporean group had initially been interested in investing in Altman’s venture capital fund Hydrazine Capital, but more recent talks had included OpenAI itself.

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