

“OpenAI has tapped out one petrostate already, time to move to the next one!”
FWIW I have no clue how the Norwegian sovereign wealth fund is managed. The principal idea is to sequester windfall earnings from hydrocarbon extraction from the normal day-to-day economy, avoiding a boom-and-bust cycle and the resource curse.
That said, it’s pretty useless to just store a bunch of money to use “later”. I can imagine a portion is used for infrastructure (all those marvelous tunnels) but taxes on income and VAT are eye-wateringly high (and I say that as a Swede!). So there has to be some political pressure to raid the piggy bank, not least for election winning purposes.
So presumably the fund is insulated from day to day meddling. On the other hand, you can’t just hand over the reins to 25 year old coke-addicted MBAs.
My main point is that for the proposal to happen, someone will have to try to convince the people in charge of the fund that betting the farm on Sama not ripping you off is worth doing. Possible? Maybe. Probable? I fucking hope not.












Hippocratic oath is government-imposed oppression apparently