How are sovereign wealth funds and pension funds approaching AI as an asset class?

Sovereign wealth funds, such as Norway's, are cautiously integrating AI into their investment decision-making processes, adopting AI-driven approaches for certain decisions while maintaining human control to ensure oversight and mitigate risks [2]. This reflects a measured strategy focused on leveraging AI's potential benefits without fully automating core functions. Pension funds and retirement managers are actively evaluating AI's dual role in their portfolios, particularly how it could enhance or disrupt software investments held in private funds, as they race to adapt to technological shifts [1]. However, the sources do not provide substantial details on sovereign wealth funds or pension funds explicitly classifying AI as a standalone asset class, such as through direct allocations to AI-focused equities or ventures; instead, emphasis is on assessing AI's broader implications for existing holdings. If more specific investment strategies are needed, the sources lack sufficient information.