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Apollo’s Torsten Slok argues AI has yet to improve broad corporate returns, citing flat revenue per worker and margins for the S&P 493 versus gains for the Magnificent Seven. His analysis does not isolate AI’s causal impact.

Apollo’s original October24 chart compares inflation-adjusted revenue per employee for the Magnificent Seven and S&P493. These descriptive trends do not by themselves isolate AI’s causal impact.

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Apollo / Torsten Slok ↗ · Source dated

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