Swedish investor Norrsken earmarks $348 million for 'AI for good'


FILE PHOTO: A message reading "AI artificial intelligence," a keyboard and robot hands are seen in this illustration created on January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

STOCKHOLM (Reuters) -Sweden's Norrsken Foundation has committed 300 million euros ($348 million) to investing in European startups that are using "AI for good" for solving challenges in climate, health, food, education and society, it said on Wednesday.

The foundation, established in 2016 by Klarna founder Niklas Adalberth, manages several venture capital and investment funds, which have a combined assets of over $1 billion.

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