Apollo Chief Economist Delivers Scathing Rebuke Of AI, Finds Zero Margin Boost Outside Of Tech
--------------------------------------------------------------------
Source: Zero Hedge
Published: 2026-07-01 03:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Culture & Entertainment, Technology & AI, Economy & Finance, Financial Markets, Business & Economy, Technology
--------------------------------------------------------------------
Snippet:
In his market note published this morning, Apollo's chief economist Torsten Slok delivers a scathing review of the failure of AI to boost profit margins outside of tech... which of course is what AI is supposed to do since it is meant to boost productivity across the entire economy, not just a select group of chipmakers.
--------------------------------------------------------------------