In this commentary, the author expresses concern over the Norwegian Oil Fund's increasing enthusiasm for artificial intelligence (AI), juxtaposed with the potential systemic risks that such a mindset might engender. The writer notes that the small savings generated through AI applications do not compare to the dangers posed by a possible systemic collapse or a degradation in skilled human labor. While acknowledging the excitement surrounding AI, the commentary argues that the focus appears to be more on the innovation process rather than the actual outcomes, which could be misleading.

Nicolai Tangen, the CEO of the Oil Fund, is highlighted as a fervent advocate for integrating AI within the fund's operations, promising a 20% increase in productivity annually through AI applications. The commentator refers to Tangen's recent statements, in which he emphasizes a critical sense of urgency regarding AI deployment. His past interactions with AI leaders underscore an evolving belief within the fund towards embracing new technologies, aligning with a broader trend in Norwegian industry. Yet, the narrative poses a cautionary note about the potential recklessness of enterprises diving into AI implementation without careful consideration.

The commentary ultimately argues for a balanced approach, suggesting that while applicants of AI technology may advocate for motion over hesitation, it is essential to recognize the stakes involved. The appeal for Norwegian businesses to universally adopt AI without due diligence or a strategic framework can lead to perilous outcomes. The piece encourages a discussion about the necessity of understanding AI's implications fully, rather than succumbing to hype, in the broader context of national and economic influence.