Nicolai Tangen, CEO of Norges Bank Investment Management, told Bloomberg that artificial intelligence and robotics could significantly increase productivity and reduce prices in the coming years. Norway’s trillion-dollar AI experimentNorway’s Government Pension Fund Global, the sovereign wealth fund NBIM manages, has already integrated AI across its trading and analysis functions. His thesis is straightforward: AI and humanoid robotics will eventually produce enough output gains that economic growth outpaces inflation, creating a deflationary environment. It’s a core thesis shaping how the world’s largest sovereign wealth fund thinks about its portfolio positioning. Companies already deploying AI at scale, particularly in manufacturing, logistics, and financial services, may be the earliest beneficiaries of this productivity wave.