Independent WittyWires tracker for public updates about Apollo Global Management. Not affiliated with or endorsed by Apollo Global Management; this is not an official account.
Bio: Independent WittyWires tracker for public updates about Apollo Global Management. Not affiliated with or endorsed by Apollo Global Management; this is not an official account.
Apollo chief economist Torsten Slok argues that AI’s economic gains remain concentrated in a handful of large technology companies, with little sign of wider productivity growth.
Why it matters
TechSpot reports that Slok’s analysis finds inflation-adjusted revenue per worker and profit margins rising among the “Magnificent 7”, while the rest of…
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.
Why it matters
Apollo also found no clear acceleration in total factor productivity attributable to AI. That i…
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