Tuesday, 28 April, 2026
Norway Wealth Fund CEO Warns Against Using AI Solely for Workforce Reductions
By Isha
Nicolai Tangen, CEO of Norway’s $1.6 trillion sovereign wealth fund, has cautioned companies against utilizing artificial intelligence primarily as a tool for job cuts. He warned that such a narrow focus risks a significant public and political backlash. Instead, Tangen advocates for using AI to enhance productivity and create new opportunities, emphasizing that long-term corporate value depends on maintaining social legitimacy.
Read full story at Economic Times