REUTERS NEXT - Norway wealth fund CEO says it is using AI to deploy capital

Norway's $1.4 trillion sovereign wealth fund is using artificial intelligence to help manage its investments, its CEO Nicolai Tangen said in an interview at the Reuters NEXT conference in New York.

"We are using it (AI) now in how we deploy the capital," Tangen said. "We use it to reduce the trading we do, because we are an index fund, and sometimes we have to make adjustments to the portfolio and these type of models can help us trade less." To view the live broadcast of the World Stage go to the Reuters NEXT news page: https://www.reuters.com/world/reuters-next/