Norway sovereign wealth fund warns of AI risks

Committed approach: Tangen has got his finger on the pulse. Global regulation will be key to protecting against the risks of AI and for long-term value creation, according to the fund. — Reuters

OSLO: Norway’s US$1.4 trillion sovereign wealth fund calls on boards and companies to get serious about how they handle the threats and opportunities provided by the rapid advances in artificial intelligence (AI).

“As AI becomes ubiquitous across the economy, it is likely to bring great opportunities but also severe and uncharted risks,” the fund said in a paper on AI published on Tuesday.