If you needed proof that the financial world is moving at breakneck speed, this week delivered it in spades.
We are witnessing an era where “big” numbers are constantly being redefined, driven by an aggressive deployment of strategic capital.
This week’s highlights capture that exact momentum: Singapore’s sovereign wealth funds, GIC and Temasek, just backed a historic, record-breaking fundraise for AI giant Anthropic, while Warren Buffett’s Berkshire Hathaway (NYSE: BRK.B) poured an additional US$10 billion into Alphabet (NASDAQ: GOOGL).
Closer to home, Keppel Ltd (SGX: BN4) massively boosted its power capacity with a future-ready plant, and CapitaLand Ascott Trust (SGX: HMN) unlocked premium value by divesting a prime local hotel.
Anthropic’s record US$65 billion raise
AI safety company Anthropic, the developer behind the Claude family of models, raised US$65 billion in Series H funding on 28 May 2026, valuing the firm at US$965 billion post-money.
The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with Singapore’s two sovereign wealth funds prominently involved – GIC co-led the round, while Temasek Holdings joined as a significant investor.
The raise comes just over three months after February 2026’s Series G, which valued Anthropic at US$380 billion.
The company’s annualised run-rate revenue crossed US$47 billion earlier in May, up sharply as enterprise adoption of Claude accelerated.
The financing includes US$15 billion of previously committed hyperscaler investments, among them US$5 billion from Amazon (NASDAQ: AMZN).
Proceeds will fund safety research, compute expansion, and product scaling.
Keppel boosts power capacity by 45%
Keppel Ltd saw its power-generating capacity jump 45% after the Keppel Sakra Cogen Plant, Singapore’s first hydrogen-compatible combined cycle power plant, began commercial operations on 29 May 2026.
The plant is 70% owned by Keppel Asia Infrastructure Fund and 30% owned by Keppel directly.
With a capacity of 600 MW, the facility currently runs on natural gas but can be modified to run entirely on low-carbon hydrogen as supply chains mature.
Notably, its full 600 MW capacity has already been contracted for this year and next, supporting recurring income for the group.
Together with the Keppel Merlimau Cogen Plant, Keppel will now command up to 1,900 MW of power capacity.
Keppel shares closed at S$10.72 on 28 May 2026, down 1.11% for the day but up 4.28% year-to-date.
CapitaLand Ascott Trust divests Robertson House
CapitaLand Ascott Trust, or CLAS, announced on 29 May 2026 that it will divest The Robertson House by The Crest Collection in Singapore for S$360.0 million.
The 336-unit hotel is being sold to an unrelated third party at 4.0% above its book value as at 31 December 2025, and at an exit yield of 2.3%.
The transaction works out to close to S$1.1 million per key. Net proceeds amount to S$341.7 million, and CLAS expects to recognise a net gain of approximately S$38.1 million.
The deal is slated for completion in the third quarter of 2026 (3Q2026).
Management said the move reflects its disciplined approach to portfolio reconstitution, with proceeds to be redeployed into higher-yielding properties, asset enhancement initiatives, or debt repayment.
Post-divestment, CLAS will hold four lodging properties in Singapore, which remains a key market.
Berkshire Hathaway deepens Alphabet bet
Berkshire Hathaway is deepening its wager on artificial intelligence, investing an additional US$10 billion in Alphabet through a private stock purchase announced on 1 June 2026.
Alphabet agreed to sell US$5 billion of its Class A shares to Berkshire at US$351.81 apiece, and another US$5 billion of Class C stock at US$348.20 per share.
The transaction adds to a position Berkshire has been rapidly building over the past three quarters, marking one of the conglomerate’s largest recent equity investments.
Berkshire’s commitment forms part of a broader US$80 billion stock sale announced by Alphabet.
The move is notable given Berkshire’s historical reticence towards technology stocks, and signals continued conviction in Alphabet’s AI prospects as incoming CEO Greg Abel, who took the helm on 1 January 2026, steers the group.
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