✉news BusinessFinance first seen 6 d ago, last 6 d ago, peak #12
Apollo's Torsten Slok Says AI Showed Zero Payoff Outside Tech
Original: Apollo’s Torsten Slok Warns AI Has Delivered ‘Zero Financial Payoff’ Outside Tech — 'AI Story Will Be Decided In The S&P 493, Not The Mag 7'
Apollo economist Torsten Slok argues that artificial intelligence has so far produced no measurable financial benefit for companies outside the technology sector, and that the fate of the AI investment story will be determined by the S&P 493 — the broader market beyond the so-called Magnificent Seven tech giants. His warning adds to debate over whether AI spending will ever translate into broad-based earnings growth across corporate America.
Why now: Investors are weighing whether massive AI spending is generating real returns beyond a handful of tech companies.
Torsten SlokApolloS&P 500Magnificent Seven
Evidence
- Apollo’s Torsten Slok Warns AI Has Delivered ‘Zero Financial Payoff’ Outside Tech — 'AI Story Will Be Decided In The S&P 493, Not The Mag 7' · Yahoo Finance
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