Fantastic post and idea. I lived in Norway for three years and was very inspired by their sovereign wealth fund. My understanding is that the state participated strongly in the development of oil resources, taking on 50% of the risk in new developments, as well as 50% of eventual profit. In the case of training data for AI, should a global fund operate more like a tax, or could states partner (i.e. invest) more actively in development of the tech?
Fantastic post and idea. I lived in Norway for three years and was very inspired by their sovereign wealth fund. My understanding is that the state participated strongly in the development of oil resources, taking on 50% of the risk in new developments, as well as 50% of eventual profit. In the case of training data for AI, should a global fund operate more like a tax, or could states partner (i.e. invest) more actively in development of the tech?
Good question, and one of the many that would need addressing. My reflexive answer is “the more Norwegian the approach, the better”.