The world’s largest sovereign wealth fund lost NOK636 billion ($68 billion) in investment returns in the first quarter, driven by the equity slide among large US technology companies. The S&P 500 posted its deepest quarterly decline since 2022. The fund marginally outperformed its benchmark. Norges Bank Investment Management (NBIM), which manages Norway’s Government Pension Fund […]<br /> This story continues at The Next Web [...]
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, has withheld its vote on the reappointment of John Elkann to Meta’s board of directors. The fund said it belie [...]
There is now overwhelming support in the US for AI firms to contribute to a sovereign wealth fund designed to redistribute wealth to working class Americans. [...]
Less than a week after completing the largest tech IPO of 2026, Cerebras Systems is making its most aggressive play yet to dominate the fast-growing AI inference market. On Monday, the Sunnyvale-based [...]
OpenAI is building its first European AI "gigafactory" in Norway, a move that fits into the company's ongoing global expansion. The project, called Stargate Norway, is intended to give [...]
Norway will ban the use of generative AI tools by elementary school children starting from the new school year in late August, Prime Minister Jonas Gahr Støre announced on Friday. The ban applies to [...]