AI-Work Pressure Mounts for European Financiers

Still not using artificial intelligence on the job? You better be soon, at least if you count among the 670 financiers working at Norway’s $1.8 trillion sovereign wealth fund. “It isn’t voluntary to use AI or not,” Norges Chief Executive Officer Nicolai Tangen told us in an interview. “If you don’t use it, you will never be promoted. You won’t get a job.”

The executive, who’s already frozen hiring, expects AI to boost efficiency across the asset-management industry. Some bankers expect the technology to transform the global economy just as the steam engine did during the 19th century.