All posts by Margrethe Harboe

Lockheed Martin to Explore Advanced Technologies and Capabilities with Norwegian Industry

Lockheed Martin (NYSE: LMT) will collaborate with Norwegian companies on advanced technologies aiming to bring new capabilities to the aviation and defense industries in Norway. Each of the five contracted companies assumes a pivotal function within Lockheed Martin’s commitment to bring innovative and economically viable solutions developed by small and medium-sized businesses to a global market.

The partnerships will focus on developing:

  • Empact — A mechanism for field maintainers to photograph damage found on an air vehicle, then use a AI/MIL model to recommend repair options to return the air vehicle to flight readiness.
  • ModeSensors — Testing, evaluating, improving and demonstrating cockpit simulator systems interface and pilot hydration sensor accuracy and usability.
  • Jotne — A management platform for business-to-business collaboration and long-term storage, reducing touch labor time and increasing efficiency and quality.
  • Alva Industries — A new line of small unmanned aerial vehicle in order to improve capabilities by offering a variety of specialized propellers with optimized properties that can interchange for different missions.
  • UBIQ Aerospace — An ice protection solution for rotocraft that requires minimal maintenance as well as adapting UBIQ’s D*ICE™ solutions to future Unmanned Aerial Systems concepts.

“We are leveraging the expertise of the Norwegian advanced technology industry to enhance flight and mission readiness solutions for military and commercial customers,” said Dennis Goege, chief executive for Lockheed Martin Global Business Development and Strategy in Europe. “Strategic investments and partnerships with companies around the world allows us to pioneer advancements while driving local capability and economic growth.”

Read full article here.

AmCham’s Tech Talent Network at SAS: Trustworthy AI and Cyber Attacks

AmCham’s Tech Talent Network at SAS: Trustworthy AI and Cyber Attacks

The fourth and final Tech Talent Network gathering of the year was hosted by SAS. Participants gained insights on the evolution of ethics, privacy, and regulation in data analytics and AI with SAS’s Anette Jakobsen, while Simen Bakke walked the group through a previous supply-chain attack against SolarWinds and exploitation of zero-day vulnerabilities in Microsoft Exchange.

Trustworthy AI

Anette Jakobsen, Principal Advisor – Advanced Analytics and Artificial Intelligence, emphasized that AI presents both immense opportunities and formidable challenges. While AI presents great potential in improving access to- and quality of healthcare, allowing banks to more easily detect and prevent fraud, and optimize energy use, it can also amplify biases, threaten individual privacy, and perpetuate social inequalities.

“Taking advantage of AI begins with AI literacy and building trust in AI.”

Participants welcomed at SAS' offices

The general lack of understanding and acceptance of AI presents a major challenge in adopting the tool. The 2024 Edelman Trust Barometer found that globally, only 30% embrace AI, while 35% reject its growing use. Resistance to AI is stronger in developed economies, where 45% reject the growing use, and only 21% accept it. This highlights the need for trustworthy AI, which Jakobsen argues should include six key principles: human centricity, inclusivity, accountability, transparency, robustness, and privacy & security. Furthermore, ethical considerations must be made by companies creating and taking advantage of AI, considering the purpose, end goal, and potential negative impact of its use.

Simen Bakke, Senior Advisor at Police ICT-Services, discussed two significant cyberattacks affecting both US and Norwegian entities. The 2020-21 SolarWinds attack involved hackers, likely linked to Russia’s SVR, inserting a backdoor (Sunburst) into Orion network management software, which was distributed to 18,000 customers globally, including US government agencies and Norges Bank. While Norway reported no active exploitation, the breach revealed gaps in detection systems like the U.S. EINSTEIN program and underscored the need for stronger software supply chain defenses and faster response measures.


The Microsoft Exchange hack, attributed to China’s Hafnium group, exploited four zero-day vulnerabilities to gain unauthorized access to email servers globally. Beginning in January 2021, attackers installed “web shells” on thousands of systems, targeting both US and Norwegian organizations, including Stortinget, which experienced breaches and email theft. The incident highlighted the risks of exposing email servers to the internet, emphasizing the importance of strong access controls, rapid patching, and continuous monitoring to prevent future exploitation.

About the AmCham Tech Talent Network

TTN is a non-competitive arena for knowledge sharing, professional development, and expanding international market insights, currently open to select Patron-level technology industry member representatives. Exclusive quarterly sessions with industry leaders and external speakers create opportunities for collaboration and leadership development.

For further information and interest in the program, please contact Ragnhild.Dalen@amcham.no.

PwC og AWS utvider samarbeidet om generativ AI

PwC og Amazon Web Services styrker samarbeidet for å utvikle skreddersydde kundeløsninger basert på generativ kunstig intelligens.

PwC og Amazon Web Services (AWS) styrker sitt samarbeid om skreddersydde løsninger basert på generativ kunstig intelligens (GenAI). Målet er å kunne hjelpe bedrifter innen bransjer som farmasi, finans og energi med å øke produktiviteten, skape nye inntektsstrømmer og få fart på den digitale transformasjonen.

Konsolidering, teknologi, kundeverdi og kultur: Fremtiden sett fra Amesto
– Tenk nytt og mer strategisk om CFO-rollen
EY får åtte millioner i bot
ESA godtar ny CO2-kompensasjon til industrien
Samarbeidet tar utgangspunkt i AWS’ GenAI-teknologi, herunder Amazon Bedrock, som har funksjonalitet som «Automated Reasoning»-kontroller for å redusere feil og gjøre AI-løsninger tryggere i bruk.

– Teknologiske gjennombrudd skjer nå i et forrykende tempo, og resonneringsevne er en av de viktigste innovasjonene vi kan gjøre for å hjelpe våre kunder å lykkes. Sammen med AWS gir vi kundene tilgang til sikre KI-verktøy som reduserer feil og gir innsyn i hvordan beslutninger tas, sier Matt Wood, global teknologidirektør i PwC.

Les hele artiklen her.

AmCham Sustainability Forum: Battery & Solar Energy & The Blue Economy

AmCham Sustainability Forum – Battery & Solar Energy & The Blue Economy

Member companies representing a wide range of industries gathered at FREYR Battery for the latest Sustainability Forum, where topics spanned from the crucial role of electrification and battery technology in advancing sustainability initiatives to the deployment of data- and technology strategies to mitigate environmental impact.

Sonia Gilde S. Rathscheck
Chief of Staff, FREYR Battery  

Stig Martin Fiskå
Global Head, Cognizant Ocean

Isabella Lindholdt
Delivery and Operations Director, Cognizant Ocean 

Meeting the Future’s Energy Demand

FREYR Battery is an energy solutions provider building an integrated solar- and battery supply chain headquartered in the US. Chief of Staff Sonia Gilde S. Rathscheck presented how batteries, combined with solar energy, offer durable, efficient, and renewable energy solutions. On the exponential energy-storage needs of the future, Rathscheck explained that batteries will be essential, proclaiming, “everything that can be electrified, will be electrified”.

“Everything that can be electrified, will be electrified.”

Solar energy – the cheapest form of energy – paired with wind, represents an infinite source of clean energy, that can ultimately be stored in rechargeable batteries that are crucial to the world’s energy mix.

Ocean + Technology: The Blue Economy

Representing Cognizant Ocean, Global Head Stig Martin Fiskå, alongside Delivery and Operations Director Isabella Lindholdt, shared their expertise on digitalization as a driving force to solving sustainability challenges and transforming the blue economy, which fundamentally starts with understanding the ocean. By leveraging AI to solve operational challenges and adopting a holistic approach, their clients and partners are better equipped to “plan for the unplanned” in a series of complex operations.

“The plan goes out the window the moment the logistics-change starts."

Through compelling case studies, Fiskå and Lindholdt showed how their work on Blue Food (aquaculture, wild fishing), Blue Transport (shipping, maritime transport), Blue Life (Water health, carbon apture) and Blue Energy (offshore wind and offshore oil & gas) supports their quest in protecting the ocean’s resources.

About AmCham Sustainability Forum

Future success is dependent upon running a sustainable business – for people, planet, and profit. Hence, AmCham brings select, cross-industry member company representatives together on an ongoing basis to discuss opportunities, facilitate open exchange and determine how AmCham members can best contribute to Norwegian and US sustainability agendas going forward.

Please read more about our Sustainability Forum and contact Margrethe.Harboe@amcham.no for interest in future meetings.

AmCham Thanksgiving Charity Dinner 2024

AmCham Thanksgiving Charity Dinner 2024

TG24 - Slides - JG

Rushing in from the crisp November air, guests entered the magnificent Hotel Bristol wrapped in warmth and autumn flair.
From the Bristol Hall stage, AmCham Managing Director Jason Turflinger welcomed members, partners and friends to the annual charity dinner, thanking sponsors 3M, KPMG, and Merck for their support.

The evening, rooted in giving back and giving thanks, featured Hotel Bristol Chefs Jan Frode Berentsen and Niklas Johnsen’s traditional turkey dinner with all the trimmings, followed by pecan, pumpkin, and apple pies that earned compliments from all! Accompanying the dinner were Lapis Luna Pinot Noir and Lapis Luna Chardonnay. The ceremonial turkey carving was performed by 3M Global Commercial Contracting Leader and AmCham Chair Ketil Nordengen.

Profound Gratitude

Hege Horsberg, Head of Marketing & Communications at Norsk Folkehjelp represented the evening’s charity partner and presented the organization’s life-saving work on mine action and disarmament, rescue service and first aid, and improving living- and humanitarian conditions all around the world.

Trade Minister Cecilie Myrseth followed, affirming the importance and impact of American companies in Norway, as well as Norwegian companies’ presence in the US, referencing data from the newly published AmCham report. Myrseth recognized the value to Norwegians of American culture as a way to learn and connect to one another, noting “I am grateful for the bond between our two countries, grateful for the things we have achieved together, and for how both have benefited from trade and an exchange of knowledge and ideas.”

"I am grateful for the bond between our two countries, grateful for the things we have achieved together, and for how both have benefited from trade and an exchange of knowledge and ideas."

US Embassy Chargé d’affaires Eric Meyer proceeded to give his remarks, providing a brief history of Thanksgiving, and emphasized the tradition of giving to impactful and meaningful programs such as the evening’s charity partner. He shared valuable insights into the future of transatlantic business relations, stating that “our longstanding and strong bilateral relationship is based on common interest, shared values, and historical ties.”

WhatsApp Image 2024-11-27 at 11.46.46 (1)

Luck and Generosity

The highly anticipated raffle and auction were next up, with raffle prizes being announced by AmCham’s Madeleine Brekke, to the delight of lucky winners.
Auction prizes were then auctioned off at rapid pace by Thor Morten Wangen, with items ranging from an air purifier from Airthings, a language program from Berlitz, and a model plane from Lockheed Martin.

The raffle and auction, with prizes generously donated by members, added excitement to the evening, and raised a record-breaking NOK 130 000 for Norsk Folkehjelp) and their vital work.
We extend our heartfelt gratitude to our members, partners, and friends who joined us for this year’s Thanksgiving Charity Dinner.

 

Please click on the left to read the letter from Raymond Johansen, Secretary General of the Norwegian People’s Aid

EXACT Therapeutics Receives Investment from GE HealthCare to Advance Therapeutic Ultrasound in Pancreatic Cancer

EXACT Therapeutics (Euronext Growth: EXTX) today announced a strategic collaboration with GE HealthCare focused on advancing ultrasound mediated therapeutic enhancement with Acoustic Cluster Therapy (ACT®) within the field of abdominal cancer. As part of the agreement, GE HealthCare will participate as a cornerstone investor, committing 7 MUSD to EXACT Therapeutics’ (EXACT-Tx) planned private placement.

Read full article HERE.

‘Drill, baby, drill’ unlikely under Trump presidency, Exxon says

Oil and gas producers in the U.S. will not raise output significantly in the coming years despite calls from President-Elect Donald Trump to “drill, baby, drill,” said Exxon Mobil Corp.’s Upstream President Liam Mallon.

“I think a radical change is unlikely because the vast majority, if not everybody, is primarily focused on the economics of what they’re doing,” Mallon said on Tuesday at a conference in London.

Trump is expected to open up federal lands for more oil and gas drilling, but much of the land in the country’s largest oil and gas producing state, Texas, is private. Still, there’s plentiful federal land in neighboring New Mexico which includes the oil- and gas-rich Permian Basin.

“If those rules were substantially changed, you would be able to drill more, assuming you have the quality and met your economic threshold,” Mallon said. “But I don’t think we’re going to see anybody in the drill, baby, drill mode. I really don’t.”

Exxon’s European rival TotalEnergies SE is also skeptical of Trump’s vow to open US taps. 

“Maybe he has a magic recipe to push them to drill like mad,” TotalEnergies CEO Patrick Pouyanne said at the conference. He cited US producers’ commitment to return cash to shareholders and said “it’s not only decisions by politicians” that drive American output.

Read full article, here.

Financial Stability Report 2024 H2

Norges Bank’s Monetary Policy and Financial Stability Committee considers the financial system to be robust. Households and firms have so far been able to service debt in the face of high inflation and higher interest rates. Inflation has slowed and there are prospects for a lower policy rate. However, there is a risk of negative events that could weaken financial stability. It is important to maintain the resilience of the financial system so that vulnerabilities do not amplify an economic downturn.

Read the report here

Pressemelding: Norge styrker handelspolitikken i en tid med global usikkerhet

I dag holdt næringsminister Cecilie Myrseth regjeringens handelspolitiske redegjørelse for Stortinget, med tittelen “Handel i en omskiftelig tid”. Myrseth fremhevet betydningen av tettere samarbeid, åpne markeder og regelverksbasert handel som avgjørende faktorer for å sikre Norges fremtidige konkurransekraft og velferd.

– Hver femte jobb i Norge er et direkte resultat av eksport. Dette understreker vår avhengighet av åpne markeder og stabile handelsbetingelser. Nå, mer enn noen gang, må vi støtte opp om regelbasert handel og styrke samarbeidet med land som deler våre verdier og interesser, sa næringsministeren.

Styrking av handelsammarbeid med USA og EU
Næringsministeren understreket at den internasjonale situasjonen i dag byr på store utfordringer. Norge og verden står overfor en grønn omstilling, samtidig som økte geopolitiske spenninger fører til svekket etterlevelse av internasjonale handelsregler og mindre forutsigbar markedsadgang – særlig for små økonomier som Norge.

– Når konfliktnivået øker og markedsadgangen blir mer uforutsigbar, rammes spesielt mindre økonomier som Norge. Forutsigbar handel er viktig for alle, og derfor jobber vi for å styrke det multilaterale handelssystemet og våre relasjoner med EU og USA. I en tid med økt tollbruk, vil vi prioritere tett kontakt med våre kollegaer i Washington og Brussel, sa næringsministeren.

Les hele pressemeldingen her.

1000 Days Later: Support for Ukraine Remains Essential 

1000 days on from Russia’s illegal invasion of Ukraine, AmChams in Europe remains steadfast in its support for the Ukrainian people. Since February 24, 2022, Ukraine has demonstrated remarkable resilience. Motivated by this resolve, governments on both sides of the Atlantic have been determined and united in supporting Ukraine and its people. The strength of this response is a testament to the power of transatlantic cooperation and public-private partnerships. 

American companies invested in Europe are committed to working alongside Ukraine as it leads its recovery. AmChams in Europe sees Ukraine’s future as deeply connected to the EU. Implementing the necessary reforms will bring Ukraine closer to EU accession and help the country foster a robust business environment, essential for sustainable economic growth and post-war reconstruction. 

It is crucial for businesses to remain present and actively engaged in Ukraine during these challenging times. Doing so helps maintain a sense of normalcy, demonstrating solidarity and hope for a brighter future. Their involvement is a vital part of creating conditions for life to continue despite the hardships of war. 

AmChams in Europe is proud to stand alongside AmCham Ukraine, which has emerged as one of the most resilient and impactful international organizations during this period. Through numerous initiatives, AmCham Ukraine has provided vital support, proving that collaboration between the public and private sectors can yield meaningful results. 

The desire of all remains clear: to see the war end and a new chapter of growth and development begin.