{"id":13273,"date":"2025-06-25T13:42:52","date_gmt":"2025-06-25T08:12:52","guid":{"rendered":"https:\/\/thecatalystonline.com\/?p=13273"},"modified":"2025-06-25T13:42:52","modified_gmt":"2025-06-25T08:12:52","slug":"norrsken-boosts-ai-for-climate-and-society-with-new-fund","status":"publish","type":"post","link":"https:\/\/catalyst2.paperboats.in\/?p=13273","title":{"rendered":"Norrsken boosts AI for climate and society with new fund"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/thecatalystonline.com\/wp-content\/uploads\/2025\/06\/Featured-Image-Edits-94-1024x683.png\" alt=\"norrsken , foundation , back , european , using , ai , climate , health , food , education , and \" class=\"wp-image-13291\" style=\"width:336px;height:auto\"\/><figcaption class=\"wp-element-caption\">Image Credit: Agate S. Freimane, Co-Founder, Norrsken VC<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Sweden&#8217;s <a href=\"https:\/\/www.norrsken.org\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Norrsken Foundation\">Norrsken Foundation<\/a> has committed 300 million euros ($348 million) to investing in European startups that are using &#8220;AI for good&#8221; for solving challenges in climate, health, food, education and society, it said on Wednesday.<\/p>\n\n\n\n<p>The foundation, established in 2016 by Klarna founder Niklas Adalberth, manages several venture capital and investment funds, which have a combined assets of over $1 billion.<\/p>\n\n\n\n<p>&#8220;AI is not just another productivity boost, it&#8217;s a real chance to fix what truly matters,&#8221; said <strong>Agate Freimane, General Partner at the foundation&#8217;s venture capital arm Norrsken VC<\/strong>.<\/p>\n\n\n\n<p>Barring companies such as <a href=\"https:\/\/thecatalystonline.com\/wp-content\/uploads\/2024\/10\/Google-1.jpg\" target=\"_blank\" rel=\"noopener\" title=\"Google\">Google<\/a> Deepmind, most AI firms are working on systems that are focused on business customers.<\/p>\n\n\n\n<p>&#8220;Artificial intelligence is the most powerful tool humanity has ever created,&#8221; Freimane said &#8220;Yet, so far we are mainly using it to optimise clicks and automate emails.&#8221;<\/p>\n\n\n\n<p>Venture capital-backed start-ups in the first quarter raised over $80 billion, a nearly 30% increase over the fourth quarter last year,&nbsp;according to professional services group EY.<\/p>\n\n\n\n<p>Content Courtesy &#8211; Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sweden&#8217;s Norrsken Foundation commits \u20ac300M to back European startups using AI to address climate, health, food, education, and societal challenges.<\/p>\n","protected":false},"author":1,"featured_media":13782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","footnotes":""},"categories":[55],"tags":[],"post_template":[],"top_category":[],"class_list":["post-13273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-funding","pmpro-has-access"],"acf":[],"_links":{"self":[{"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/posts\/13273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13273"}],"version-history":[{"count":0,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/posts\/13273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=\/wp\/v2\/media\/13782"}],"wp:attachment":[{"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13273"},{"taxonomy":"post_template","embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Fpost_template&post=13273"},{"taxonomy":"top_category","embeddable":true,"href":"https:\/\/catalyst2.paperboats.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftop_category&post=13273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}