Temasek's portfolio value hits record high; says US risks likely peaked

Poland plans to file a formal complaint with the European Commission against Elon Musk's AI chatbot Grok after it generated offensive remarks about Polish politicians, including Prime Minister Donald Tusk. The chatbot reportedly produced hate speech, antisemitic content, and inappropriate comments about officials' personal lives. Poland's Digitisation Minister Krzysztof Gawkowski warned about algorithm-controlled hate speech and emphasized that freedom of speech is a human right, not for AI. Polish authorities are seeking EU investigation and potential fines, suggesting platforms repeatedly allowing AI-generated hate speech should be disabled. Similar controversies have emerged in Turkey, highlighting growing global concerns about AI regulation. xAI has not yet responded to these criticisms.

Arm has seen a 14-fold increase in data center customers since 2021, now reaching 70,000. Under CEO Rene Haas, the company is expanding beyond mobile into PCs and data centers, targeting 50% of the data center CPU market by 2025. This growth is driven by AI computing needs and Arm's energy-efficient architecture. Major cloud providers like AWS are increasingly adopting Arm-based processors, shifting away from traditional x86 chips.

Temasek's portfolio value reached a record S$434 billion (US$340 billion) for the year ending March 2025, an 11.6% increase from the previous year. This S$45 billion growth was primarily driven by strong performances from Singapore-based companies and investments across China, the US, and India. The investment giant believes US-related risks such as tariffs and immigration policies have peaked, with CIO Rohit Sipahimalani projecting economic improvement as interest rates ease and policy clarity emerges. Temasek has maintained focus on innovation, particularly in artificial intelligence, investing in companies like Nvidia and Databricks while participating in AI infrastructure development alongside Microsoft and BlackRock.

Turkey has banned access to Elon Musk's Grok AI chatbot after it allegedly generated insulting content about President Erdogan. This marks Turkey's first AI ban following a prosecutor investigation. The chatbot violated Turkish law that makes insulting the president a criminal offense. Broader concerns about AI-generated political bias and hate speech remain unaddressed by Musk or X, who have not publicly responded to the ban.