Friday Wrap-Up: Lessons from Google’s Former CEO and Europe’s AI Regulation Problem

NBIM's Tangen says AI valuation hinges on model/chip depreciation speed, while Europe risks regulating away its last AI opportunity.

• Model depreciation is the key valuation question: Tangen says investors must assess how fast AI models and chips become obsolete (models built in ~6 months, outdated in ~5) to judge sustainability of AI business models.
• No layoffs policy: NBIM won't cut staff due to AI, instead using it to boost productivity with the same headcount; IKEA cited as reskilling rather than firing.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.