- The Norwegian wealth fund will take steps to invest more in artificial intelligence And other technologies and a stoppage in employing new employees, according to CEO Nikolai Tangin. Tangen said previously luck Artificial intelligence has significantly reduced the amount of time needed to monitor the risks of the companies you invest in. accident IBM A survey of 2000 CEOs found that although investment in artificial intelligence continued, most companies have not seen an investment returns.
The wealth fund in Norway, the world’s largest sovereign wealth fund, puts a temporary interruption in employment, focusing on investing in technology such as artificial intelligence to advance productivity, according to the CEO of Nicolai Tangen.
“We do not expect the number of employees who are further,” Tangan said at a meeting on Tuesday with the legislators in Oslo. Bloomberg I mentioned.
The wealth fund, or Norges Banks Investment Management, hires 676 people across the offices in Oslo, London, New York and Singapore, as of the end of 2024, according to it. The annual report. In the previous year, he had 654 employees, a height of 572 in 2022. Responsible for managing a $ 1.8 trillion fund, the fund invests in about 9,000 companies worldwide.
“We spend a lot of time how to get the most performance of the box,” Tangen He said luck‘Peter Vanham Before the Tuesday meeting. “We have increased the level of ambition, to get the speed in the institution. We encourage the use of artificial intelligence to push speed and efficiency.”
The wealth fund in Norway this year measured employee responses to technology and found in internal survey polls a 15 % increase in productivity due to artificial intelligence tools. Tangin said that technology has significantly reduced the time to monitor the risks of the companies in which it invests.
“Before it takes a few days, it takes a few minutes,” he said. “We have a risk section that sells high risk positions as a result.”
The investment management of Norges did not respond luckRequest to comment.
Amnesty International’s defects in the workforce
The great bet on artificial intelligence was not all cracked to be for some major companies. After carrying out the freezing and promotion of Chatbot from the artificial intelligence, supported by Openai, it can complete the work of 700 human agents, and the CEO of Klarna Siemiatkowski has changed. Last week, artificial intelligence had its borders and said that the company would be established Resuming the employment of human workers.
“Given that the cost is unfortunately, it seems that it was a very amazing evaluation factor when organizing this, which ends up with less quality,” it is less quality. ” He said Bloomberg Last week. “Investing really in the quality of human support is the path of the future for us.”
I told a spokesman for Clarna previously luck The company was “Amnesty International to a large extent”, and will maintain its policy of not replacing the employees who leave, and instead the employment of independent customer service agents of the Department of External Sources.
The other CEO reached similar conclusions. Among the 2000 CEOs included in the poll, a quarter said that artificial intelligence projects IBM study It was published earlier this month. Only 16 % stated that these projects were limited to the institution.
Regardless of the restrictions of artificial intelligence, companies are likely to continue to invest extensively in technology, as 64 % of CEOs said they will fight artificial intelligence for fear that they will fail from other companies if they do not, according to IBM survey. About half of them said that the use of artificial intelligence has generated a value that exceeds the cost reduction.
Gambling on artificial intelligence may continue to influence the workforce numbers. Timothy Young, CEO of the Jasper.ai marketing platform, said that he believes that Amnesty International will continue to influence future employment practices, including potential appointments for beginners sites.
“With the intelligence commodity, it is not a matter of the smartest people anymore,” he is He said luckDiane Brady. “It comes to developing your employees to obtain administrative skills because every employee in the next 12 months will have a series of agents who help them do their job.”
He added: “There is a lot of strength in the novice employees, but you cannot benefit from it in the same way that you will raise in the past.”
This story was originally shown on Fortune.com
