Norwegian Oil Fund: AI helps find risks

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Norwegian Oil Fund: AI helps find risks
Photo: Lise Åserud/NTB/TT

The fund - which manages the equivalent of just over SEK 18,000 billion - has strategies for making responsible investments.

Nicolai Tangen, the fund's CEO, is enthusiastic about AI, according to the Bloomberg news agency.

Within 24 hours of our investment, the AI tools flag new companies in the fund's stock portfolio with potential links to, for example, forced labor, corruption or fraud, he says.

Often, information has not been captured in media coverage or by data providers.

AI's speed is a great asset, according to Tangen.

In several cases, we identified and sold these investments before the broader market reacted to the risks, avoiding potential losses.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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