Nicolai Tangen, CEO of Norges Bank Investment Management, which manages Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, forecasts that artificial intelligence and humanoid robotics could significantly increase productivity and reduce prices within the next three years. The fund has already achieved approximately 20% internal productivity gains while maintaining constant headcount, saving hundreds of millions of kroner in operational costs. For Tangen, these internal results preview what he expects across the broader economy: growth outpacing inflation through AI-driven automation. AI would offset current inflationary pressures from rising tariffs, higher energy costs, and supply chain friction. Companies already deploying AI at scale, particularly in manufacturing, logistics, and financial services, are expected to be the earliest beneficiaries of this productivity wave.
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