Revenue per employee is up at the top tech firms, but it's a different story outside Silicon Valley.
There are no clear signs that AI has improved overall productivity, either.
Outside of Big Tech, AI has yet to deliver on any meaningful economic advantages, as Apollo chief economist Torsten Slok argued.
Apollo's Torsten Slok finds no AI payoff in margins, revenue per worker or productivity outside the Mag 7 as token bills become costs.
AI is only helping tech firms see results or success - how long can this last?
Apollo’s Torsten Slok rocked Wall Street with his take that AI returns just aren't there, then Goldman’s Jan Hatzius flagged two major downsides to growth.
The Magnificent Seven are galloping off with the profits, while the rest of the S&P 500 see no benefit, claims Apollo
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