RBC CEO McKay Sees AI Fueling ‘Insatiable’ Demand for Capital

RBC CEO Dave McKay highlights that rapid tech advancements, particularly in AI, are driving an enormous demand for capital, suggesting the market's hunger for funding is insatiable. McKay assures that Royal Bank of Canada has the balance-sheet capacity to meet this lending demand, pointing to the bank's readiness to support the AI buildout. This insight underscores the significant investment flowing into AI technology and the broader implications for financial institutions and economic growth. McKay's comments reflect the broader financial sector's response to the burgeoning AI market.