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Apollo Economist Says AI Has Delivered Zero Payoff Outside Tech

Original: Apollo’s Slok Says AI Has Delivered Zero Payoff Outside of Tech

Torsten Slok, chief economist at Apollo Global Management, says artificial intelligence has so far produced no measurable economic payoff in sectors outside the technology industry. His assessment adds to ongoing debate over whether massive AI investment will translate into broad productivity gains or whether returns remain concentrated among a handful of tech firms.

Why now: Investors and analysts are questioning whether the AI investment boom is justified by economy-wide returns.

Apollo Global ManagementTorsten Slok

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