Analysis

July 11, 2019

One of Sweden's richest families is investing its billions into artificial intelligence

Why is the powerful Wallenberg family investing so much in AI. “It’s a contribution to the movement,” says Marcus Wallenberg.


Mimi Billing

7 min read

Marcus Wallenberg is one of three brothers in charge of the family's fortune and a big supporter of AI research in Sweden.

Marcus Wallenberg, the billionaire heir of Sweden’s foremost industrial dynasty, first got introduced to the topic of artificial intelligence back in 1977, when he studied in Palo Alto.

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Marcus Wallenberg with his cousins Jacob (left) and Peter (right).
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Luka Crnkovic-Friis is one of the cofounders and the chief executive of the AI startup Peltarion.
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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