Companies need more AI competency at board level: Norway’s wealth fund

Companies need to do more to get to grips with AI at board level to govern how it is being used and to minimise risks, a top official at Norway’s $1.7 trillion sovereign wealth fund, one of the world’s largest investors, told Reuters.

Norges Bank Investment Fund holds stakes in close to 9,000 companies globally, equivalent to 1.5% of all listed stocks and has set the pace on many issues in the field of environmental, social and corporate governance (ESG).