Torsten Slok says AI payoff absent in S&P 493

According to Apollo Global Management chief economist Torsten Slok, artificial intelligence has delivered zero financial payoff outside the technology sector, with revenue per worker and profit margins rising only at the Magnificent Seven and remaining flat across the S&P 493. The author argues that this lag occurs because companies have merely adopted tools without redesigning their core operating models, workflows, and decision approvals to match human-AI collaboration. Furthermore, the author suggests that widespread, measurable AI benefits across broader enterprises will likely not materialize before the end of 2027. Open article →