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.

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

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

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

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

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

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

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

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

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