Norway's $1.4tn Oil Fund's Vision for AI

Norway's $1.4tn oil fund, led by Nicolai Tangen, emphasizes the significance and challenges of AI.

It is among the few traditional investors actively discussing AI's role in their portfolio.

The fund recently issued guidelines for responsible AI use in its investments.

A small group of tech giants constitutes a significant portion of the fund's holdings and returns.

Despite limited control, the fund aims to promote responsible AI across its investments.

Transparency in AI usage and system design is another focus, especially in consumer-oriented sectors.

Risk management and external auditing of AI systems are essential, according to the fund.

It advocates for government regulation in the AI sector, as self-regulation by tech firms falls short.

The fund also plans to leverage AI for internal productivity and trading enhancements.