Weekly Digest: India family office targets AI; Temasek, BlackRock low-carbon fund hits $1.4bn
Family office managing over $10 billion for Indian software tycoon increases AI investments; decarbonization focused fund passes $1 billion target; NPS will allocate 65% of its assets in risky assets under new long-term asset allocation rules; and more.
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PremjiInvest, the family office that manages over $10 billion for Indian software tycoon Azim Premji, will invest more money into artificial intelligence (AI) companies while fine-tuning its proprietary AI investment tools.
The company is among the first large Indian asset managers to use AI tools in the private equity space and is working on an AI quant model for its public market bets, TK Kurien, its managing partner and chief investment officer, said. The…
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