Norway's $2.1 trillion sovereign wealth fund, the world's largest, will eventually allow some investment decisions to be made by AI systems under human supervision, but not yet, as the tools still...
FIRMS IGNORING AI ARE 'COMPLETE MORONS' Chief Executive Nicolai Tangen has been a vocal supporter of using AI both internally and in the companies the fund invests in, once describing firms that fail...
"You have investment firms which have automated investment decisions ... But we are also not a high-frequency trader, ...
we are a long-term investor, so it's a bit different", Tangen told Reuters. One exception is the fund's use of AI to analyse when to trade or not, helping to reduce transaction costs.
Norway wealth fund moves towards some AI-driven decisions but with humans in con...
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