Goldman Sachs says the AI growth boost is nearing its peak, while Apollo finds zero payoff outside tech
Photo: Crypto Briefing
Jan Hatzius sees AI capex cresting as Torsten Slok argues most of corporate America has nothing to show for its AI spending For more than a year, the AI spending spree has been one of the main forces holding up US economic growth. Now two of Wall Street’s most closely watched economists are suggesting that support is running out of road. Goldman Sachs chief economist Jan Hatzius says the boost from AI investment is about to crest. Apollo chief economist Torsten Slok adds a harsher point: the productivity payoff that was supposed to take over hasn’t arrived for most companies.
Also reported by Fortune Crypto.
Source: Crypto Briefing
