One signal

Apollo Global Management chief economist Torsten Slok’s analysis finds revenue per worker and profit margins have risen among the Magnificent Seven, while remaining broadly flat across the other 493 S&P 500 companies, Coinpaper reports.

Apollo also found no clear acceleration in total factor productivity attributable to AI. That is a useful check on the boom’s financial scoreboard, though aggregate figures do not show whether individual firms are benefiting.

Discuss: Should companies be expected to show measurable financial gains from AI before expanding their spending, or can those returns take longer to appear?

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