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

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 per cent of all listed stocks and has set the pace on many issues in the field of environmental, social and corporate governance (ESG).

Last August...