Singtel's corporate venture capital arm is set to launch a US$250 million fund to invest in high-growth artificial intelligence startups globally. Singtel announced on Friday that with the addition of Innov8's existing US$250 million evergreen fund, the total capital managed by Singtel Innov8 will reach US$500 million. The company added that the AI growth fund aims to strengthen Singtel's AI strategy for telecom operators by deepening its role as an adopter, enabler, and provider of AI.
