2023
Nicolai Tangen said Microsoft is the second biggest holding in Norway's sovereign wealth fund, worth roughly 40,000 kroner per Norwegian.
“Microsoft is the second biggest holding in the fund, uh, and each Norwegian own roughly 40,000 kroner worth”
Nicolai Tangen · Vice Chair and President of Microsoft: AI and Geopolitics, 0:00:01
2024
Nicolai Tangen noted that Nvidia's roughly $3 trillion market capitalization was nearly twice the size of Norway's sovereign wealth fund, the world's largest.
“Which is nearly twice the size of, uh, this fund, which is the largest sovereign wealth fund in the world.”
Nicolai Tangen · Dario Amodei CEO of Anthropic: Claude, New models, AI safety and Economic impact, 0:48:39
Undated
Nicolai Tangen said the Norwegian sovereign wealth fund owns a stake in GSK he gave as 1.7, valued at 1.3 billion US dollars.
“Now, we own 1.7 of GSK, valued at 1.3 billion U. S. dollars.”
Nicolai Tangen · GSK CEO: Drug Discovery, AI in Pharma, and Changing Company Culture, 0:00:01
Undated
Nicolai Tangen said the Norwegian sovereign wealth fund's stake in Palo Alto Networks is worth more than $1 billion.
“We own 1.1 point 2% of the company, translating into more than $1 billion.”
Nicolai Tangen · Palo Alto Networks CEO: Global Cyber Threats, Digital Safety, and Tech Leadership, 0:00:01
Undated
Nicolai Tangen says the Norwegian sovereign wealth fund owns just under 3% of SAP, worth about $9 billion.
“we own just under 3% of the company, $9 billion, equivalent to 100 billion Norwegian kroner, or 20,000 kroner per Norwegian.”
Nicolai Tangen · SAP CEO: European Tech Leadership, Cloud Innovation, and Performance Culture, 0:00:01
Undated
Tangen says the Norwegian fund tries to think in a horizon of fifty to a hundred years.
“we are, you know, fifty, fifty to hundred years. At at least we try to be”
Nicolai Tangen · DBS CEO: Transforming Southeast Asian Banking, Embracing Diversity and Balancing AI with Humanity, 0:53:55
Undated
Tangen says the Norwegian fund receives a mandate from the Ministry of Finance setting broad rules for its investments.
“we have uh a mandate from the Ministry of Finance which tells Us in broad terms how we should be invested.”
Nicolai Tangen · DBS CEO: Transforming Southeast Asian Banking, Embracing Diversity and Balancing AI with Humanity, 0:54:36
Undated
Nicolai Tangen says Norges Bank Investment Management holds about two petabytes of data in Snowflake and runs roughly 3 million queries against it each day.
“We have two petabytes of data in Snowflake, which is the equivalent of 2 million gigabytes, and we have roughly 3 million queries into the database every day.”
Nicolai Tangen · Snowflake CEO: Scaling Data, AI Agents and the New Software Era, 0:00:28