Carin Zelenko News Today

Fund managers focused on ESG metrics who turned to big tech as a low-carbon, high-return bet are growing more anxious about AI. Keep reading

(Bloomberg) -- ESG fund managers who turned to big tech as a low-carbon, high-return bet are growing increasingly anxious over the sector’s experimentation with artificial intelligence.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupIsrael, Hamas Look to Extend Truce After More Hostages Are FreedMalaysia to Allow Visa-Free Entry...

ESG fund managers are growing anxious over the sector's experimentation with AI.

It takes just one incident for something to go wrong and the material impact could be significant, Marcel Stotzel said

AI risk has unsettled Norway’s $1.4 trillion sovereign wealth fund and a $248 billion New York pension fund, among others.