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Norway’s $1.4tn wealth fund calls for state regulation of AI


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Norway’s $1.4tn wealth fund calls for state regulation of AI

Business

Category: Business News

The head of the world’s largest sovereign wealth fund has called on governments to speed up the regulation of artificial intelligence as it revealed it would set guidelines for how the 9,000 companies it invests in should use AI “ethically”. Nicolai Tangen, chief executive of Norway’s $1.4tn oil fund — which owns on average 1.5 per cent of every listed company globally — said he believed that there is not enough regulation of the fast-growing sector and that he wanted new rules to govern how AI is used.

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Source: Financial Times

Published: February 23, 2024