Norway Wealth Fund Says AI Caught Risks That Others Missed

Norway’s sovereign wealth fund said that since it started using artificial intelligence to help manage its portfolio, it’s been impressed by the technology’s ability to catch risks overlooked by both the media and external vendors.

The investor, whose $2.2 trillion portfolio makes it the world’s biggest wealth fund, has been an outspoken advocate of integrating AI into its processes, with Chief Executive Officer Nicolai Tangen making his enthusiasm clear early on. On Thursday, the fund provided an update on its responsible investing strategy, which included a nod to the impact of AI.