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Nicolai Tangen Calls for AI Regulation

Nicolai Tangen Calls for AI Regulation

by Starling Insights

Starling Insights Editorial Board

Aug 17, 2023


ICYMI: Earlier this year, Nicolai Tangen, CEO of Norges Bank Investment Management — known more colloquially as Norway's "oil fund" — called upon global governments to accelerate efforts to regulate the use of Artificial Intelligence (AI). "We are not seeing a pipeline of regulation coming yet," Tangen said. While not alone in voicing concern about AI, Tangen's leadership of the trillion-dollar sovereign wealth fund makes him hard to ignore.

Governments globally are grappling with how to regulate AI in a manner that minimizes the attendant risks that come with any new technology, yet without stifling desired innovation. While governments debate how the proper balance is to be struck, Norges is developing its own guidelines for how companies can adopt AI in a manner consistent with the fund's responsible investment framework — which serves as an informal standard for ESG investing in Europe.

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