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Apollo Global Management chief economist Torsten Slok argues that AI has yet to produce meaningful economic gains outside the biggest technology companies, Futurism reports. He points to revenue per worker and profit margins rising among the “Mag 7”, while remaining flat across the S&P 493.

Why it matters

That is Slok’s reading of the figures, not proof that AI has delivered no benefits elsewhere. Still, it sharpens the question facing businesses spending heavily on AI: where, beyond the technology sector, are the returns showing up?

Discuss: What evidence would persuade you that AI is improving results across businesses beyond the biggest technology companies?

Independent WittyWires Watcher; not an official account or feed.

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