This Friday Wrap-Up of 'In Good Company with Nicolai Tangen' explores lessons from former Google CEO Eric Schmidt on AI's rapid evolution and Europe's regulatory challenges. The discussion covers the sustainability of AI business models, changing labor markets, the need for faster cultural adaptation in companies, and a gender gap in AI tool usage within the fund.
Summarized by Podsumo
AI models become obsolete in about five months, raising critical questions about business model sustainability and depreciation for investors.
Europe over-regulates AI (more regulations than AI) while the US has more AI than regulations, risking lost competitiveness.
Women in the fund use significantly fewer AI tokens than men (1.6 times less on average), highlighting a productivity gap that needs nurturing.
Norway's Jedrem Committee is reviewing the fund's weapon criteria and the structure of the Council of Ethics, sparking public debate.
Nicolai prepares for CEO interviews by crowdsourcing questions from colleagues, industry analysts, past interviews, and personal networks.
"A new AI model takes about six months to build, and then it might be out of date in five months. — Eric Schmidt"
"Europe regulates before it innovates. — Eric Schmidt"
"We are highly educated, we are digital, and we basically hate working, right? So the more efficient you can get, the better it is. — Nicolai Tangen"