Finance

Norway Wealth Fund Chief Tells Staff That Using AI Is a Must

Nicolai Tangen in Oslo, on May 26.Photographer: Naina Helén Jåma/Bloomberg

Chief Executive Officer Nicolai Tangen sees no future at Norway’s $1.8 trillion sovereign wealth fund for employees who resist using artificial intelligence in their jobs.

Tangen, who recently told lawmakers in Oslo that the technology can help keep the fund’s headcount from growing in the near future, says he has been running around “like a maniac” since 2022 to convince his roughly 670 staff to use AI.