# US Economy 2026 # AI "Insatiable" Demand for Capital for AI Investment - RBC CEO McKay | TBS CROSS DIG 06/17/2026 : https://newsdig.tbs.co.jp/articles/withbloomberg/2736690 >> Regarding AI, it will push up inflation in the short term
The CEO of Royal Bank of Canada, McKay, stated that there is an "insatiable" demand for capital investment in AI. He believes that while AI may initially contribute to inflation, it will ultimately have a deflationary effect through productivity gains. McKay also highlighted the rapid pace at which AI models can train employees, suggesting that while some roles may become redundant, this will likely occur through natural attrition and demographic shifts. AI
IMPACT AI investment is expected to drive productivity, potentially leading to deflationary effects despite short-term inflationary pressures.