Unlocking success with AI

Unlocking success with AI

Nicolai Tangen

Nicolai Tangen

@

@

Norges Bank Investment Management

Norges Bank Investment Management

Aug 13, 2025

In short

In short

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NBIM’s Arendalsuka session set a clear recipe for AI success: leadership drives the change, not IT. Train everyone, make tools simple, and keep momentum with ambassadors and constant events. Set measurable targets and track usage. NBIM aims for 20 percent efficiency gains by deploying Claude, Cursor, and Copilot supported by a modern cloud stack. Partnerships with builders like Anthropic and OpenAI keep the fund on the front edge and shorten time to adoption. The message for Norwegian businesses is direct: stop waiting. Start with one boring, high-frequency process and fix it. Involve compliance early so it does not block progress. Form a focused AI team. Treat AI as a collaborator, not a tool. Next step is agents and multimodal workflows that execute tasks, not just answer questions. Move now or fall behind; the cost of delay compounds until it is existential.

NBIM’s Arendalsuka session set a clear recipe for AI success: leadership drives the change, not IT. Train everyone, make tools simple, and keep momentum with ambassadors and constant events. Set measurable targets and track usage. NBIM aims for 20 percent efficiency gains by deploying Claude, Cursor, and Copilot supported by a modern cloud stack. Partnerships with builders like Anthropic and OpenAI keep the fund on the front edge and shorten time to adoption. The message for Norwegian businesses is direct: stop waiting. Start with one boring, high-frequency process and fix it. Involve compliance early so it does not block progress. Form a focused AI team. Treat AI as a collaborator, not a tool. Next step is agents and multimodal workflows that execute tasks, not just answer questions. Move now or fall behind; the cost of delay compounds until it is existential.

“If you're not on board now, you're falling behind and you'll never get on the offensive again.”

“If you're not on board now, you're falling behind and you'll never get on the offensive again.”

Nicolai Tangen

Nicolai Tangen

Nicolai Tangen is CEO of Norges Bank Investment Management

Nicolai Tangen is CEO of Norges Bank Investment Management

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Nicolai Tangen

“If you're not on board now, you're falling behind and you'll never get on the offensive again.”

Eric Schmidt

“Ride the exponential wave every day. If you’re not using AI, you will fall behind.”

Sequoia Capital

“You are in a run-like-hell business right now. The rails are in place. The opportunity is wide open.”

Reid Hoffman

"When you're encountering a new technology, if you approach it as something taking away your power, you're throwing yourself under the wheels. But if you see how you can use it to extend what you can do, it becomes much better.”

Alex Rampell

"If AI handles the routine work, humans can focus on building relationships and being creative, which computers can't replicate.”

Eric Schmidt

“This is the most powerful technology that will be invented in our lifetimes. It's as important as electricity and heating and air conditioning... because it's intelligence that's available to everyone”

Sundar Pichai

"I'm very confident there'll be a lot of progress in 2025... I think the models are definitely going to get better at reasoning, completing a sequence of actions more reliably."

Mustafa Suleyman

“Memory is the key thing coming soon… it will remember your preferences and give advice based on your tastes and past interactions.”

Y Combinator

"The vertical equivalence will be 10 times as large as the SaaS company that they are disrupting... They spend way more on employees than they do on software.”

Andrew Ng

"With generative AI, applications that used to take six months to build can now be developed in just 10 days.”

Dr. Kai-Fu Lee

"There are two kinds of companies at the end of this decade: Companies that are fully utilizing AI and everyone else is out of business"

Dario Amodei

"If you extrapolate the curves that we've had so far... it does make you think that we'll get there by 2026 or 2027.”

Sam Altman

"If we could just get truly abundant intelligence and energy, what we’d be able to make happen in the world is extraordinary."

Bill Gates

"AI has the potential to finally deliver on the promise of tech in education, creating personal tutors for every student."

Matt Cynamon

“If you’re relying on AI to produce the final product, you’ll be disappointed. But if you use it to help get there, it’s extremely powerful.”

Making AI accessible and practical for anyone ready to build, learn, and grow

Making AI accessible and practical for anyone ready to build, learn, and grow

Making AI accessible and practical for anyone ready to build, learn, and grow