Norway’s Wealth Fund Bets on AI to Reduce Its Climate Exposure

The chief executive officer at the world’s largest sovereign wealth fund once said employees shunning AI would never be promoted. Now, the Norwegian fund is using AI to get insights into how climate change is impacting the companies it invests in.

In today’s newsletter, Nicolai Tangen tells our reporters about how AI helps the fund identify which companies are decarbonizing faster, and more effectively than the market expects — allowing its traders to act on the information.