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Story summary
- Torsten Slok, Chief Economist at Apollo Global Management, says AI's macro impact is limited.
- Despite high expectations, current statistics show little evidence AI boosts productivity, employment, or inflation.
- The Congressional Budget Office projects AI will modestly raise total factor productivity, about 1% by 2036.
- Slok cautions the effects may take time, unlike the 1980s computer revolution.
- Investors remain wary as AI-linked sector stock prices have fallen.
