Surge in AI stocks lifts Norway wealth fund's profit to $143b in H1 2023

Surge in AI stocks lifts Norway wealth fund's profit to $143b in H1 2023

AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration

Norway‘s sovereign wealth fund made a profit of 1,501 billion crowns ($143 billion) for the first half of the year, partly due to the growth of US tech companies and their development of artificial intelligence.