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Fortune
Fortune
Sasha Rogelberg

Top economist says AI just hasn’t delivered on the productivity hype—and it means a 'painful repricing' of markets is very possible

Torsten Slok holds his hands apart as he speaks on stage. (Credit: Victor J. Blue/Bloomberg—Getty Images)

The clock is ticking on AI to deliver on its promises of transformed workplace and economic productivity, and if lags in returns on investment continue, the markets are in for a rude awakening, according to one top economist.

Torsten Slok, the influential chief economist for Apollo Global Management, argued in a recent blog post that there’s a growing gap around AI-enhanced productivity. Basically, you can only see it at tech companies, not most of the Fortune 500.

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