AI’s boost to the U.S. economy is nearing its peak, Goldman says, as Apollo finds ‘zero financial payoff’ outside Big Tech

sa (Credit: Minh Connors/Bloomberg via Getty Images)

The AI boom has been propping up U.S. growth for more than a year. But Goldman Sachs chief economist Jan Hatzius says that support is about to crest, and Apollo chief economist Torsten Slok says the payoff that was supposed to replace it hasn’t shown up.

“Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech,” Slok wrote in a note Saturday.