Norwegian wealth fund warns of AI risks while reeling in billions from the tech

To say that Norway’s Sovereign Wealth Fund made a killing these past months would be an understatement. The world’s largest investor in the stock market earned 1,501 billion crowns (€131.1bn) in the first half of 2023, and much of it due to the recent boom in AI. To a large extent, the profits came from the fund’s shares in tech companies such as Apple, Alphabet, Microsoft, and Nvidia that all saw a surge from the current AI craze. Meanwhile, the …

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