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The Latest Breaking News from Norges Bank Investment Management

Musk's Net Worth Nosedives as Tesla Shares Drop 5% Overnight After Major Investor Rejects $1T Pay Deal

Elon Musk's net worth fell by $17.5 billion after Tesla's shares tumbled 5%, amid opposition from Norges Bank and others to his $1 trillion pay proposal.

International Business Times UK

What's Going On With Tesla Stock Today?

What's Going On With Tesla Stock Today?

Shares of Tesla, Inc. (NASDAQ:TSLA) are falling Tuesday as the company continues to face vehicle sales headwinds. Here’s what you need to know.

Norway Wealth Fund is freezing hiring to focus on AI use, despite research showing AI projects seldom offer a return in investment

Norway Wealth Fund is freezing hiring to focus on AI use, despite research showing AI projects seldom offer a return in investment

CEO Nicolai Tangen told Fortune the task of monitoring the risks of its 9,000 investments now takes minutes thanks to its AI.

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Norway’s government is being pushed to rethink ‘illogical’ ethical ban on its $1.8 trillion sovereign wealth fund investing in defense

“We are currently facing the most serious security crisis since World War II," Tina Bru of Norway’s Conservation party told Fortune.

Elon Musk gave the cold shoulder to Norway’s $1.4 trillion sovereign wealth CEO Nicolai Tangen after the fund snubbed the Tesla CEO’s pay package—twice

Musk texted Tangen it would be too “difficult and expensive” to travel to Oslo for a home-cooked dinner with other CEOs.

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

“We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”

$2T Norway oil fund CEO: AI boom creates concentration risk ‘we have never seen before’

Nicolai Tangen’s $2 trillion oil fund holds billions in AI companies, but he thinks they’re emerging as a key risk area.

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Every Norwegian now indirectly owns $27 worth of Bitcoin

Every Norwegian now indirectly owns $27 worth of Bitcoin

Norway's $1.7 trillion sovereign wealth fund upped its holdings in crypto exhanges, increases its indirect Bitcoin coverage by 62%.

The secrets of success with Nicolai Tangen, CEO of Norges Bank Investment Management, the leader who saunas before running a $1.6 trillion sovereign wealth fund

The secrets of success with Nicolai Tangen, CEO of Norges Bank Investment Management, the leader who saunas before running a $1.6 trillion sovereign wealth fund

Today we meet with Nicolai Tangen to find out how the 'trillion-dollar man' and podcast enthusiast plays both sides.

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package

Future of Elon Musk and Tesla are on the line this week as shareholders vote on massive pay package

If Tesla shareholders vote against restoring Elon Musk’s $44.9 billion pay package Thursday, the CEO could deliver on threats to take artificial intelligence research to one of this other companies

The Independent UK

Complete List Of Everyone Against Elon Musk's $56B Pay Package And Why They're Voting 'No'

Complete List Of Everyone Against Elon Musk's $56B Pay Package And Why They're Voting 'No'

Tesla shareholders clash over Elon Musk's massive $56 billion pay plan. Retail investors hold the key vote on June 13.

International Business Times UK

Norway's Fund to Vote Against Elon Musk's $56 Billion Pay Deal

Norway's Fund to Vote Against Elon Musk's $56 Billion Pay Deal

Elon Musk's leadership faces a test as shareholders vote on the rejection of the $56 billion pay deal. Norway Wealth Fund opposes the package.

International Business Times UK

Norway's Sovereign Wealth Fund To Vote Against Elon Musk's Compensation

Norway's Sovereign Wealth Fund To Vote Against Elon Musk's Compensation

Norway's sovereign wealth fund opposes Elon Musk's Tesla compensation package, citing concerns over size and structure.

Norwegian wealth fund to vote against Elon Musk's Tesla pay package

Norwegian wealth fund to vote against Elon Musk's Tesla pay package

Norway’s sovereign wealth fund managed by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday

The Independent UK

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Windows Central

"Wherever there is computing, users will be able to play their favorite games seamlessly," Sony CEO describes a PlayStation future with Windows PC and AI

The undeniable dominance of PC gaming cannot be stopped, and it seems that even PlayStation itself is bending the knee. In a new interview, Sony's CEO described a plan to expand its PC gaming operations.

The CEO who manages the world’s biggest sovereign wealth fund says ‘force yourself’ to use A.I.

A.I. will transform everything we do, Nicolai Tangen says. Sitting it out is not an option.

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