Apollo's Top Economist Sees Little Pay Off From AI -- Market Talk
Dow Jones2026/10/26 21:591759 ET - Apollo Global Management's Torsten Slok, a partner and the New York firm's chief economist, warned in a research note that artificial intelligence has so far only benefited big technology companies, in financial terms. Revenue per worker and profit margins are rising for the so-called Magnificent Seven tech companies but have remained flat for the rest of the S&P 500 members, Slok said in a note dated Saturday. There are still no signs of AI boosting productivity growth, he added. "With no impact on the bottom line, mainstream corporate America is pulling back and starting to view token spending not as a source of growth but as a cost center that weighs on margins," Slok said. (ted.bunker@wsj.com)
(END) Dow Jones Newswires
October 26, 2026 17:59 ET (21:59 GMT)
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