AIBusinessInnovation

Norway’s $2 Trillion Wealth Fund Deploys AI to Navigate Climate Investment Risks

The world’s largest sovereign wealth fund is reportedly using artificial intelligence to analyze climate impacts across its $2 trillion portfolio. Meanwhile, energy experts suggest the power demands of AI data centers may exceed global capacity for decades, driving investment in alternative energy solutions.

AI-Driven Climate Strategy

Norway’s $2 trillion sovereign wealth fund, the world’s largest, is reportedly deploying artificial intelligence to protect its massive portfolio from climate-related risks, according to sources familiar with the strategy. The fund’s CEO Nicolai Tangen told Bloomberg that AI has become a “real game-changer” for transforming “mountains of information into clear insights that we can act on immediately.”

EngineeringInfrastructure

Canterbury Region Advances Major Water Reservoir Project to Meet Future Demand

A massive reservoir capable of holding five billion litres of water is moving closer to reality near Canterbury. The project, estimated to cost £362 million, aims to secure water supplies for the next 50 years amid growing population and climate challenges. Construction is reportedly not expected to begin until 2028, with completion potentially taking up to a decade.

Major Infrastructure Project Advances

Plans for a significant water reservoir in the Canterbury region are progressing from concept to reality, according to recent reports. Sources indicate that South East Water (SEW) is moving forward with the Broad Oak Water project, which would represent the first new reservoir built in the South East since the 1970s.