Apollo Economist Says AI Gains Remain Elusive Outside Tech

Apollo Chief Economist Torsten Slok says revenue per worker and profit margins are rising among the Magnificent Seven but remain flat across the other 493 S&P 500 companies, leaving little sign of a financial payoff from AI outside tech. His October 24 analysis also finds no clear boost to productivity growth, while warning that AI-related token costs can weigh on corporate margins. Apollo’s analysis