The Norwegian Sovereign Wealth Fund commends the outstanding risk identification capabilities of AI, which have helped it avoid losses multiple times by staying one step ahead.
The Norwegian Sovereign Wealth Fund stated that since they began using artificial intelligence to assist in portfolio management, the technology's ability to identify risks has impressed them, capturing many risks that even media and external data suppliers have not been able to detect. The fund manages approximately $2.2 trillion in assets, making it the world's largest sovereign wealth fund, and has been actively promoting the integration of AI into its processes. The CEO of the fund, Nicolai Tangen, has also openly expressed enthusiasm for this. On Thursday, the fund released the latest developments in responsible investment strategy, affirming the impact of AI. "Within 24 hours of our investment, AI tools will identify some new companies in the fund's stock portfolio that may have potential links to issues such as forced labor, corruption, or fraud," the fund stated. "Many times, this kind of information is not reported in the international media or included in data suppliers' alerts."
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