World's largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech

Norway’s sovereign wealth fund reported a profit of 1.48 trillion kroner ($138 billion) for the first half of the year. The fund, known as the Government Pension Fund Global, is the world’s largest sovereign wealth fund with a value of 17.75 trillion kroner at the end of June. The fund’s return for the period was 8.6%, slightly below its benchmark index. The strong performance was attributed to investments in technology stocks, driven by increased demand for artificial intelligence solutions. Established in the 1990s, the fund has invested in thousands of companies across more than 70 countries.