alt Hacker News>They probably have enough money to fund their own Anthropic competitor.
Which is bizarre to me Norway doesn't have a booming tech sector with all hat wealth fund acting as the biggest VC.
They instead use their wealth fund to invest in US's tech sector. Baffling.
Replies
NorwegianDude • today at 7:16 AM
Considering the fact that the US is complaining about Norway putting too much money into the US market, imagine what would happen if all that money was spent in Norway. It would be chaos.
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schubidubiduba • today at 6:28 AM
There's only so much you can do with 5 million people. Especially in a field where network effects amd scale matter a lot.
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The point of the fund is to invest outside of Norway so as to avoid the Norwegian economy overheating and increasing inflation