How sovereign wealth funds could decide our AI future
From our US edition
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.
