How sovereign wealth funds could decide our AI future
Most of the attention paid to sovereign wealth funds inevitably lands on the Middle East. But it’s Norway’s $1.4 trillion national investment fund that is actually making the most noise. Case in point: in April the fund’s CEO, Nicolai Tangen, said he believed global “authorities and governments should regulate” the use of artificial intelligence. “We are not seeing a pipeline of regulation coming yet,” Tangen lamented, without specifying the precise guidelines he’d like implemented. But no matter; he then added that Norway’s trio of SWFs — the world’s largest — are developing operational protocols for companies using AI which will be folded into the larger ESG (environmental, social and corporate governance) efforts that power their entire operation.
